Milan is a capital of Lombardy, and the second-most populous city in Italy after Rome. Milan is the most populated metropolitan area with 1.3 million people & 3.2 million in the wider area surrounding central Milan. Milan is considered a most important global city, with strengths in the field of the design, art, healthcare, commerce, education, entertainment, fashion, finance, media, services, research and tourism.
Milan is the country’s industrial and financial heart. With a 2014 GDP estimated at €158.9 billion, the province of Milan generates approximately 10% of the national GDP; while the economy of the Lombardy region generates approximately 22% of Italy’s GDP (or an estimated €357 billion in 2015 roughly the size of Belgium). The territory of Milan is to about 45% of businesses in the Lombardy region and more than 8% of all businesses in Italy, including three Fortune 500 companies.
Porta Nuova is the main business district of Milan & one of the most important in Italy. Accenture, AXA, Bank of America, BNP Paribas, Celgene, China Construction Bank, Finanza & Futuro Banca, Fineco Bank, FM Global, Google, Herbalife, HSBC, KPMG, Maire Tecnimont, Microsoft, Mitsubishi, Uni Credit, UFJ Financial Group, Tata Consultancy Services, Samsung, Shire, Telecom Italia, UnipolSai and many other companies have their main Italian headquarters located there.
Tourism is an increasingly important part of the city’s economy: with 8.81 million registered international arrivals in 2018 (up 9.92% on the previous year), Milan ranked as the world’s 15th-most visited city.