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Los Angeles is 1 of the most significant economic engines within the United States, with a varied economy in a broad range of skilled and cultural fields. Los Angeles is also famous as the residence of Hollywood, a significant center of the planet entertainment industry. A international city, it has been ranked 6th in the Global Cities Index and 9th in the Global Economic Electrical power Index. The Los Angeles metropolitan region also has a gross metropolitan item of $one.044 trillion (as of 2017), generating it the third-greatest in the planet, after the Tokyo and New York metropolitan areas. Los Angeles hosted the 1932 and 1984 Summer season Olympics and will host the occasion for a third time in 2028. The city also hosted the Miss Universe pageant twice, in 1990 and 2006, and was 1 of 9 American cities to host the 1994 FIFA World Cup and 1 of eight to host the 1999 FIFA Women’s World Cup, internet hosting the last match for the two tournaments.