It is the largest city in the federated state of Hesse in the south-western part of Germany.
Frankfurt is one of the world's most important financial centres and Germany's financial capital, followed by Munich. Frankfurt was ranked 8th at the International Financial Centers Development Index (2013), 8th at the Worldwide Centres of Commerce Index (2008), 9th at the Global Financial Centres Index (September 2013), 10th at the Global Power City Index (2011), 11th at the Global City Competitiveness Index (2012), 12th at the Innovation Cities Index (2011), 14th at the World City Survey (2011) and 23rd at the Global Cities Index (2012).
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