TAIPEI (Taiwan News) — Taipei has been ranked the world’s 25th richest city in a new report by CEOWorld Magazine.

In the ranking, Tokyo came in first with a GDP of about NT$79.44 trillion (US$2.55 trillion), followed by New York, Los Angeles, London, and Seoul, per CNA. Rounding out the top 10 were Paris, Chicago, Osaka-Kobe, San Francisco, and Shanghai.

The top 10 cities account for nearly one-third of global GDP. The report said this underscores how economic power is becoming more concentrated in cities that propel innovation, attract capital, and shape global competitiveness.

Four of the top 10 cities are in Asia. Other notable Asian cities include Beijing (11th), Singapore (16th), Shenzhen (21st), Taipei (25th), Chongqing (26th), Guangzhou (27th), Hong Kong (29th), Nagoya (30th), and Bangkok (46th).

Taipei was the only city in Taiwan to make the top 100, with an estimated GDP of about NT$27 trillion (US$867.83 billion), while four other Taiwanese cities placed within the top 300. Taichung ranked 116th with around NT$13.58 trillion (US$436 billion), Kaohsiung 117th with NT$13.49 trillion (US$433 billion), Taoyuan 152nd with NT$10.43 trillion (US$334.7 billion), and Tainan 174th with NT$8.99 trillion (US$288.7 billion).

“Asia’s dominance in the 2025 rankings reflects a broader shift in global economic gravity eastward,” the magazine said. It said Tokyo dominates because it sets the standard for operational efficiency, technological sophistication, and rigorous economic governance, while integrating innovation with infrastructure.

Describing what sets the metropolises in its list apart, the magazine said, “They are not just cities; they are economic ecosystems shaping how money moves, technology evolves, and policy decisions ripple through the markets.” Beyond population size and physical infrastructure, it said urban wealth is an indication of “innovation density, institutional strength, and capital fluidity.”