As with most capital cities, Kiev is a major administrative, cultural and scientific centre of the country. It is the largest city in Ukraine in terms of both population and area and enjoys the highest levels of business activity. There are around 238,000 business entities registered in Kiev. Official figures show that Kiev’s economy outstripped the rest of the country’s, growing by an annual average of 11.5%. Kiev is a middle-income city, with prices currently comparable to many mid-size American cities. Kiev is the undisputed center of business and commerce of Ukraine and home to the country’s largest companies, such as Naftogaz Ukrainy, Energorynok and Kyivstar. The city accounts for 18% of national retail sales and 24% of all construction activity.