Economy of San Francisco

Pier 39 near Fisherman's Wharf as the third-most popular tourist attraction in the nation. More than 16.5 million visitors arrived in San Francisco in 2012, injecting $8.9 billion into the economy. With a large hotel infrastructure and a world-class convention facility in the Moscone Center, San Francisco is also among the top-ten North American destinations for conventions and conferences. In a Euromonitor International ranking of top city destinations, San Francisco was ranked the 33rd most visited city in the world out of 100 of the world's most visited cities.

The legacy of the California Gold Rush turned San Francisco into the principal banking and finance center of the West Coast in the early twentieth century. Montgomery Street in the Financial District became known as the "Wall Street of the West," home to the Federal Reserve Bank of San Francisco, the Wells Fargo corporate headquarters, and the site of the now-defunct Pacific Coast Stock Exchange. Bank of America, a pioneer in making banking services accessible to the middle class, was founded in San Francisco and in the 1960s, built the landmark modern skyscraper at 555 California Street for its corporate headquarters. Many large financial institutions, multinational banks and venture capital firms are based in or have regional headquarters in the city. With over 30 international financial institutions, seven Fortune 500 companies, and a large support infrastructure of professional services—including law, public relations, architecture and design—also with significant presence in the city, San Francisco is designated as one of eighteen Alpha World Cities. San Francisco ranks 18th in the world's top producing cities, and 12th place in the top twenty global financial centers.

Since the 1990s, San Francisco's economy has increasingly become tied to San Jose and