Economic+Characteristics

E ﻿ conomic c ﻿ haracteristics of Milan

__**Type of city:**__ **Milan is a postindustrial City in Italy. Milan is a world city, along with Hong Kong, Paris, Tokyo, Sydney, Shanghai, and Beijing. After the industrial revolution, Milan began to rely on retail trade, wholesale, and advertising.**

__**Geographic effects on the Economy:**__
 * Milan sits on the main route connecting Italy to the rest of Europe. The City's hinterland is Italy's largest industrial area.**

__**Current economic information:**__
 * A city's GDP is an economic indicator on a city's economy. Milan's most recent GDP is a 2004 gdp of € 241.2 billion, it has Europe's 4th highest GDP.**