It's interesting to look at the ranking of the world's most economically powerful cities. Here, New York's GDP reaches $2.3 trillion – that's simply an enormous number. The American metropolis confidently takes the first place, leaving Tokyo with its $2.1 trillion far behind.

I looked at the data for 2024 and noticed that the US clearly dominates the list – a total of 11 cities in the top 20. New York, Los Angeles, San Francisco, Chicago, Dallas, Houston – all generate huge wealth. Interestingly, after New York come Tokyo, Los Angeles, and Paris, each with its own economic specialty.

Europe is also in the game – Paris, London, Rhine-Ruhr in Germany show serious figures. Asia is not lagging: Seoul, Osaka-Kyoto-Kobe, Shanghai, Beijing. Overall, looking at these numbers, you realize that global wealth is concentrated in the hands of a few megacities. The data source is FRED Economic Data from the St. Louis FED.