- GDP growth: +$256 billion
- Population growth: NA
- Per capita GDP growth: +29,568
The City of London is a unique concentration of international expertise and capital, with a supportive legal and regulatory system, an advanced communications and information technology infrastructure and an unrivalled concentration of professional services.
Central London is home to the headquarters of more than half of the UK’s top 100 listed companies (the FTSE 100) and more than 100 of Europe’s 500 largest.
According to 2005 estimates by the PricewaterhouseCoopers accounting firm, London has the 6th largest city economy in the world after Tokyo, New York City, Los Angeles, Chicago, and Paris. But after the financial crisis hit the world these figures have probably changed.
London itself generates approximately 20 per cent of the UK’s GDP.
Financial services and tourism remain London’s biggest industries. While around 325,000 people were employed in financial services in London until mid-2007, the city’s tourism sector employs around 350,000 full-time workers.
London has over 480 overseas banks, more than any other city in the world.