Another source ranked Paris as most expensive, on par with Singapore and Hong Kong, in 2018. According to the Economist Intelligence Unit Worldwide Cost of Living Survey in 2018, Paris was the second most expensive city in the world, after Singapore and ahead of Zürich, Hong Kong, Oslo, and Geneva. The Paris Region had a GDP of €709 billion ($808 billion) in 2017. The City of Paris is the centre and seat of government of the region and province of Île-de-France, or Paris Region, with an estimated population of 12,997,058 in 2020, or about 18 percent of the population of France, making it in 2020 the largest metropolitan area in Europe, and 14th largest in the world in 2015. Since the 17th century, Paris has been one of the world's major centres of finance, diplomacy, commerce, fashion, gastronomy, science, and arts, and has sometimes been referred to as the capital of the world. Paris ( French pronunciation: ( listen)) is the capital and most populous city of France, with an estimated population of 2,165,423 residents in 2019 in an area of more than 105 square kilometres (41 square miles), making it the 34th most densely populated city in the world in 2020. 1 French Land Register data, which excludes lakes, ponds, glaciers > 1 km 2 (0.386 sq mi or 247 acres) and river estuaries.
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