São Paulo is the largest city in Brazil, the largest city in both the Americas and in the southern hemisphere, and the world's eleventh largest city by population. The metropolis is anchor to the São Paulo metropolitan area, ranked as the most populous metropolitan area in Brazil, the second most populous in the Americas and the fifth largest in the world. São Paulo is the capital of the state of São Paulo, Brazil's most populous state. It exerts strong regional influence in commerce, finance, arts and entertainment and a strong international influence. The name of the city honors Saint Paul of Tarsus.The metropolis has the largest economy by GDP in Latin America and Southern Hemisphere. São Paulo has significant cultural, economic and political influence both nationally and internationally. It is home to several important monuments, parks and museums such as the Latin American Memorial, the Ibirapuera Park, Museum of Ipiranga, São Paulo Museum of Art, and the Museum of the Portuguese Language. Paulista Avenue is the most important financial center of São Paulo. The city holds high profile events, like the São Paulo Art Biennial, the Brazilian Grand Prix of Formula One, São Paulo Fashion Week and the ATP Brasil Open. São Paulo hosts the world's largest gay pride parade. It is also the home of Brazilian television networks including Record, Band and Gazeta.