Economy of Turin:
Turin is a major industrial center, where the headquarters of the car company FIAT is located. The city has a GDP of $58 billion and is the world's 78th richest city by purchasing power. Even though the city was unable to become a "world city", it was ranked by GaWC as "economically efficient".
Turin is home to the Lingotto building, which was at one time the largest car factory in the world, and now houses a convention centre, a concert hall, a multiplex, an art gallery, a shopping centre and a Le Méridien hotel. Other companies founded in Turin are Lancia, Pininfarina, Bertone, Sparco, Italdesign, Ghia, Fioravanti, Stola, Intesa Sanpaolo (Italy's largest bank), Superga, Invicta (1821), Lavazza, Martini & Rossi, Kappa and the chocolate factory Caffarel.
The city is also well known for its aerospace industry (Alenia). The International Space Station modules Harmony, Columbus, Tranquility, as well as the Cupola and all MPLMs were produced in Turin. The future European launcher projects beyond Ariane 5 will also be managed from Turin, by the new NGL company, a subsidiary of EADS (70%) and Finmeccanica (30%).
Turin is also the birthplace of some of the country's main companies, such as Telecom Italia (telecommunications), Rai (television), and cinema. Most of these industries have since moved their headquarters to other parts of Italy, but Turin still retains the National Museum of Cinema (in the Mole Antonelliana building).
On addition to industry, Turin has also established itself as an increasingly popular tourist destination, being the 203rd in the world in 2008, with around 240,000 international arrivals every year, coming after Heidelberg and Alicante, and surpassing Blackpool and Bilbao. It came 10th in Italy, also coming after Rome, Milan, Venice, Florence, Naples, Palermo, Rimini, Verona and Genoa.
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