Trafalgar Sq, London » City Info » Economy

Trafalgar Square is a public square in the City of Westminster, Central London, and has been an important landmark since the 13th century. London, the capital of England and the United Kingdom is one of the world's most important global cities. It is also known as one of the most sustainable, innovative, visited and expensive cities in the world. Ranked 26 out of 300 major cities for economic performance, London is also one of the largest financial centres. It has either the fifth or sixth largest metropolitan area GDP. The city is the leading investment destination and there is also a considerable concentration of higher education institutes.

In 2016, the estimated municipal population was 8,787,892 - making the city the most populous of any city in the European Union (EU) - accounting for 13.4% of the UK population. The city has a diverse range of cultures and people and has over 300 languages that are spoken in the region.

The economy of London is dominated by service industries, especially financial services and associated professional services. The city has a stable economy built on diverse economic clusters. In 2016, the city produced about £408 billion (or $765 billion), over 22% of UK GDP. The robust economic performance of London is driven by complementary strengths which provide a strong platform for growth and prosperity.

London is a well-connected through transport, with its many train stations, it even has a train line connecting it to the world's second most connected city - Paris. London has a total of five major airports — London Heathrow, London Gatwick, London City, London Luton and London Stansted. The London Underground (or the tube) is also quite popular with the locals and is a convenient way to travel.

London is established as one of the world's leading tourism destinations. And, the city has attracted millions of international tourists - in fact, in 2018 the city had around 20.42 million international visitors, making it one of the world's most visited in terms of international visits. Revenues generated by tourism in London comprise approximately 10% of the city's gross value added income, and it is projected that tourists in London spend approximately £15 million per year.

London and its public squares - unquestionably Trafalgar Square attracts tourists due to their own unique charm.