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Dallas is home to the third-largest concentration of Fortune 500 companies in the nation (behind New York City and Houston) and ranks ninth in the United State and third in Texas after Houston and San Antonio. Dallas–Fort Worth–Arlington metropolitan area (DFW), has a population of 7,102,796 as of July 1, 2015.
In 2013, the metropolitan area led the nation with the largest year-over-year increase in employment and advanced to become the fourth-largest employment center in the nation (behind New York City, Los Angeles and Chicago) with more than three million non-farm jobs.
In 2014, the metropolitan economy surpassed Washington, DC to become the fifth largest in the United States, with a 2014 real GDP over $504 billion.
As of June 2016, the metropolitan job count has increased to 3,523,400 jobs. The city's economy is primarily based on banking, commerce, telecommunications, technology, energy, healthcare and medical research, and transportation and logistics.
In the latest rankings released in 2013, Dallas was rated as a "beta plus" world city by the Globalization and World Cities Study Group & Network, and was 14th in world rankings of GDP by the Organization for Economic Cooperation and Development.
Dallas developed as a strong industrial and financial center, and a major inland port, due to the convergence of major railroad lines, interstate highways, and the construction of Dallas/Fort Worth International Airport, one of the largest and busiest airports in the world.