Europe’s wealthiest cities: All You Need To Know

Europe is a small continent with many countries, the old world is a place full of myths, legends and charm, it is a continent of fantasy and a very rich culture and history, with many attractions, it is really worth to be visited several times and enjoy the tourism, the art locations like museums and galleries, the castles and numerous historic places.

With so many countries, even when several of them are joined in European Union, we can find many differences between them, not only about language but concerning to customs, and life quality as well.

There are differences, not only between countries, but between cities inside of the same country too, sadly there are countries and cities which are poor and their people have a low life quality, in the other hand there are some which are rich, they have administered wisely the available resources and provide to their people a very good life.

The indicator of wealth the GDP

There are many indicators that give us information about a country or city, one of the is the GDP (Gross Domestic Product) this is a monetary measure of the market value of all the final goods and services produced in a period of time, it is what we use when we want to show and compare the richness of a country or city.

Actually, there is a formula or equation that can be used to calculate the GDP, it is: GDP = private consumption + gross investment + government investment + government spending + (exports – imports) we can say that is the sum of the market values, or prices, of all final goods and services produced in an economy during a period of time.

So when a city has high production of final goods and services its economy is healthier, its people is happier and it is wealthier too, that’s why this indicator is so useful in this case.

The wealthiest European cities according its GDP

Here a list of the 10 wealthiest cities of Europe according to their GDP in 2012, the GDP of these cities make up a large part of the GDP of their countries and some of them are higher than GDP of some entire countries.

1- Paris and its surrounding metropolitan area, France – €623,189
2- The Greater London metropolitan area, United Kingdom – €622,937
3- Rhine-Ruhr metropolitan area, Germany – €362,195
4- The metropolitan area of Madrid, Spain – €310,449
5- Randstad, Netherlands – €262,839
6- Milan metropolitan area, Italy – €200,652
7- Frankfurt/Rhine-Main, Germany – €172,797
8- Rome metropolitan area, Italy – €153,748
9- Munich Region, Germany – €146,850
10- Berlin metropolitan region, Germany – €146,191