Largest global financial centers 2024 | Statista (2024)

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Largest global financial centers 2024 | Statista? ›

New York ranked first as the most attractive financial center worldwide as of March 2024. The ranking is based on an index for financial center rating, in which a multitude of factors are integrated. New York had a rating of 764 points, and it was followed by London with a rating of 747.

The top global financial cities are New York City, London, Singapore, Hong Kong, and San Francisco, as determined by the GFCI 34 rankings. Other important financial centers around the world include Shanghai, Frankfurt, Zurich, Tokyo, and Chicago.

The Global Financial Centres Index (GFCI) is a ranking of the competitiveness of financial centres based on over 29,000 financial centre assessments from an online questionnaire together with over 100 indices from organisations such as the World Bank, the Organisation for Economic Co-operation and Development (OECD), ...

New York City.

New York City remains the largest centre for trading in public equity and debt capital markets, driven in part by the size and financial development of the U.S. economy.

The GFCI provides ratings for financial centres calculated by a 'factor assessment model' that uses two distinct sets of input: Instrumental Factors: objective evidence of competitiveness was sought from a wide variety of comparable sources.

According to the latest 2024 Global Financial Centres Index (GFCI), Singapore again overtakes Hong Kong to become Asia's top financial center, ranking third globally, just behind New York and London, while Hong Kong is now fourth.

The five largest banks by market capitalization are JPMorgan Chase, Bank of America, Industrial and Commercial Bank of China, Wells Fargo, and China Construction Bank.

A dominant global financial center has international connectedness, cultural and educational diversity, and expertise across the full range of financial products and services. We walk you through the top three, New York, London, and Singapore, as ranked in the Global Financial Centres Index (GFCI).

Known as the financial capital of Latin America, Miami-Dade has the largest concentration of domestic and international banks on the East Coast south of New York City.

GFCI 34 provides evaluations of future competitiveness and rankings for 121 financial centres around the world. The GFCI serves as a valuable reference for policy and investment decision-makers. The GFCI is compiled using 147 instrumental factors.

Which US city is known as the financial capital of the world? ›

New York is the economic capital of the world because many of the largest companies in the world, specifically financial institutions, are headquartered there.

LONDON, March 21 (Reuters) - New York easily remains the world's top financial centre, cementing its position for the past six years after it overtook London, in second place ever since, ahead of Singapore, the latest Z/Yen rankings of global financial centres showed on Thursday.

Dubai, United Arab Emirates

With the establishment of well-known global hedge funds in 2004, the Dubai International Financial Centre (“DIFC”), a significant financial hub that has served the Middle East, Africa and South Asia since its founding, secures Dubai's position in the global financial landscape.

The ground-fault circuit interrupter, or GFCI, is a fast-acting circuit breaker designed to shut off electric power in the event of a ground-fault within as little as 1/40 of a second.

GFCIs are generally installed where electrical circuits may accidentally come into contact with water. They are most often found in kitchens, bath and laundry rooms, or even out-of-doors or in the garage where electric power tools might be used.

The United States of America

The United States upholds its status as the major global economy and richest country, steadfastly preserving its pinnacle position from 1960 to 2023. Its economy boasts remarkable diversity, propelled by important sectors, including services, manufacturing, finance, and technology.

Financial centers by region

According to the Global Financial Centers Index, the most attractive financial hubs in North America are New York, San Francisco, Los Angeles, and Chicago.

The Industrial and Commercial Bank of China Limited is the largest bank in both the People's Republic of China and the world when considering total assets. Among the biggest lenders in the world, ICBC continues to steadily remain near the top, along with the likes of the Bank of America.