page_title: Economy of Milan
hierarchical_section_title: Economy of Milan
caption_attribution_description: English: Palazzo Mezzanotte
context_page_description: Milan is the capital of the Lombardy Region in Northern Italy and is the wealthiest among Italian cities. Milan and Lombardy had a GDP of €400 billion and €650 billion respectively in 2017.
  Milan has surpassed Berlin in economy in 2014, which since then has made it the richest city among the Four Motors for Europe.
  It is a member of the Blue Banana, the economic leaders of Europe.
  Milan's hinterland is Italy's largest industrial area. Milan also has Italy's highest GDP per capita, about €49,500.
  Milan's Porta Nuova District is Europe's richest subdivision within any city, with a 2016 GDP of €257 billion similar to that of the world's 34th richest country, Philippines. The city center also houses Europe's most expensive street, Via Montenapoleone and the National Stock Exchange, Borsa Italiana.
  Milan is considered as one of the fashion capitals of the World together with New York, Paris, and London.
  Major fashion houses and labels, such as Versace, Gucci, Armani, Valentino, Prada, Dolce & Gabbana, Moschino, Luxottica, OVS, Tod's, Trussardi, and Missoni are headquartered in Milan.
  Milan was Europe's most expensive city in 2015 and 2016 for hotel rates above 3 stars.
context_section_description: Milan is the capital of the Lombardy Region in Northern Italy and is the wealthiest among Italian cities. Milan and Lombardy had a GDP of €400 billion ($493 billion) and €650 billion ($801 billion) respectively in 2017. 
  Milan has surpassed Berlin in economy in 2014, which since then has made it the richest city among the Four Motors for Europe. 
  It is a member of the Blue Banana, the economic leaders of Europe. 
  Milan's hinterland is Italy's largest industrial area. Milan also has Italy's highest GDP per capita, about €49,500 (US$55,600).
  Milan's Porta Nuova District is Europe's richest subdivision within any city, with a 2016 GDP of €257 billion ($308 billion) similar to that of the world's 34th richest country, Philippines. The city center also houses Europe's most expensive street, Via Montenapoleone and the National Stock Exchange, Borsa Italiana.
  Milan is considered as one of the fashion capitals of the World together with New York, Paris, and London. 
  Major fashion houses and labels, such as Versace, Gucci, Armani, Valentino, Prada, Dolce & Gabbana, Moschino, Luxottica, OVS, Tod's, Trussardi, and Missoni are headquartered in Milan.
  Milan was Europe's most expensive city in 2015 and 2016 for hotel rates above 3 stars. Milan is the world's 11th most expensive city for expatriate employees and its influence in fashion, commerce, business, banking, design, trade and industry makes it a global city.
caption: Borsa Italiana, the Stock Exchange in Milan
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