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Tokyo Tops CEOWORLD’s 2025 Richest Cities List as Toronto Leads Canada

CEOWORLD attributes urban economic dominance to innovation density, institutional strength and capital fluidity rather than population.

Overview

  • CEOWORLD released its 2025 ranking of 300 metropolitan economies by GDP, mapping where urban economic power is concentrated.
  • Tokyo ranks first with an estimated GDP of about US$2.55 trillion, ahead of New York and Los Angeles.
  • Toronto is Canada’s highest entry at 22nd, followed by Montreal (76th), Vancouver (107th), Calgary (159th), Edmonton (190th) and Ottawa (195th).
  • Vancouver places behind nearby Seattle–Tacoma–Bellevue at 18th but is reported to outrank global hubs such as Dubai and Zurich.
  • The report emphasizes that city wealth reflects innovation capacity, robust institutions and capital flows, not population size alone.