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Tokyo is the richest city in the world, according to a recent survey. And, from all indications, it will retain that mark of distinction for years to come.

The PricewaterhouseCoopers (PwC) report, released in March 2007, has Japan’s capital and largest city in the world top spot from 2005 through 2020. Similar reports also ranked Tokyo as the globally richest city.

A key global finance centre, Tokyo serves as the headquarters of some of the world's largest investment banks and insurance companies, and as a hub for the country’s transportation, publishing, and broadcasting industries.

The Tokyo Stock Exchange is the world’s second largest, after the New York Stock Exchange.

The PwC research looked at the world’s top cities, and ranked them by GDP using purchasing power parities (PPP).

Among the study’s findings:

• The top six cities in 2005 were Tokyo, New York, Los Angeles, Chicago, Paris and London.
• The top cities had GDPs on a par with many national economies. Tokyo and New York, for instance, have estimated GDPs at purchasing power parity rates (PPPs) similar to those of Spain and Canada.
• Five emerging economy cities are presently in the top 30: Mexico City, Buenos Aires, Sao Paolo, Moscow and Rio de Janeiro.
• Three Indian cities are expected to climb into the top 100 in the rankings between 2005 and 2020.
• London is projected to move up to fourth place by 2020, while other European cities - such Rome, Milan and Berlin – are expected to move down in the rankings.

The report envisages five mega-cities, in terms of population, by 2020: Mumbai, Mexico City, Sao Paulo, New York and Tokyo.

Our Client businesses – part of the deVere & Partners Group – have operations in many of the countries in which the richest cities are based, including Japan, Mexico, Hong Kong, Brazil, Spain and Russia.

To find out more about living and working in these countries, click on the relevant link above. Or, to view all of the countries in which the Group is recruiting, go to the Countries Available page on this site.