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From the Report: The study uses “The Forbes Global 2000” ranking for 2010 which is the longest worldwide listing of large corporations publicly available.
For each city the revenues of firms headquartered there are combined to produce the research results: total revenues for 450 metropolitan areas from their Forbes2000 corporations is USD 29,890.17 billion
To facilitate interpretation and ease comparison with other studies we have reclassified the companies operating in these various industry categories into the ten basic sectors of the Global Industry Classification Standard (GICS) used by Morgan Stanley Capital International (MSCI) and Standard & Poor's (S&P).
GICS Sectors:
1 Consumer Discretionary: Hotels, Restaurants, Leisure, Media, Retail
2 Consumer Staples: Food Markets, Household & Personal Products, Food, Drink & Tobacco
3 Energy: Oil & Gas Operations
4 Financials: Banking, Diversified Financials, Insurance
5 Health Care: Health Care Equipment, Drugs & Biotech
6 Industrials: Business Services & Supplies, Capital Goods, Conglomerates, Construction, Trading, Transport, Aerospace & Defense
7 Information Technology: Software & Services, Technology & Hardware, Semiconductors
8 Materials: Chemicals
9 Telecommunications Services
10 Utilities
Location: The Greatest city on Earth: City of Atlanta Proper
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You missed one: Fayetteville, ARK
That's not some sort of mistake either, there is a reason it's 2 companies made the area rank higher than Munich, Moscow, Houston, Minneapolis, The Hague, Hong Kong, Shanghai, San Jose and have parity with Osaka.
Actually, it's probably all due to just one of the corporations...crazy when you think about it.
Congrats to the US cities but this only takes into account HQs
As stated many times there are private companies not included and even with many Foreign cos that have a majority of their mamangement and operations in other locations none of those dollars count. Not to mention this is purely revenue
And Walmart and Fayeteville or Minneapolis or Sn Jose a larger economy than Boston, DC, LA, or Philly - I would think not but an interesting list none-the-less
That's not some sort of mistake either, there is a reason it's 2 companies made the area rank higher than Munich, Moscow, Houston, Minneapolis, The Hague, Hong Kong, Shanghai, San Jose and have parity with Osaka.
Actually, it's probably all due to just one of the corporations...crazy when you think about it.
Thanks...I caught that and changed it.
Wal Mart is like a country by itself.
We love to hate that company but it is a beast of a company and the very fact that it propels an otherwise unknown city on to the world economic stage in this ranking just shows how powerful Wal Mart is.
Otherwise, Fayetteville is an anomoly-a very big anomoly. LOL.
Im impressed by Dallas and Houston although I shouldnt be considering theyve long established themselves as HQ cities.
Minneapolis and San Jose are also very impressive but like the 2 TX cities they are longtime HQ cities.
Speaking of SJ, the combined total for SF and SJ is $865 B which would place the Bay area at 5th. I know, I know we arent combined as a single MSA but it makes me feel better just putting it out there. LMAO.
And I think it must have pained the folks over at GAWC to realize that Tokyo and Paris topped NY and London. LOL.
Congrats to the US cities but this only takes into account HQs
As stated many times there are private companies not included and even with many Foreign cos that have a majority of their mamangement and operations in other locations none of those dollars count. Not to mention this is purely revenue
And Walmart and Fayeteville or Minneapolis or Sn Jose a larger economy than Boston, DC, LA, or Philly - I would think not but an interesting list none-the-less
A lot of these cities listed also have huge private companies...
Location: The Greatest city on Earth: City of Atlanta Proper
8,486 posts, read 15,008,050 times
Reputation: 7334
Quote:
Originally Posted by kidphilly
Congrats to the US cities but this only takes into account HQs
As stated many times there are private companies not included and even with many Foreign cos that have a majority of their mamangement and operations in other locations none of those dollars count. Not to mention this is purely revenue
And Walmart and Fayeteville or Minneapolis or Sn Jose a larger economy than Boston, DC, LA, or Philly - I would think not but an interesting list none-the-less
As crazy as it sounds, if we are just ranking cities on the revenue of their corporations, Walmart beats all of those places without even looking.
I had to look it up though, the Fayetteville-Bentonville MSA is also home to Tyson Foods and JB Hunt transport services (one of or the largest ground transport companies).
That's a pretty impressive resume for such an out of the way place.
^That IS impressive, actually! I'm surprised it beat out Chicago actually...
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