global city competitiveness index the economist

Comparing the index to the EIU’s cost of living data (a measure of western-style living expenses), identifies those cities which also represent good value for money for the ambitious expatriate. High concentrations of skilled residents, infrastructure and institutions mean that the top of the index is dominated by America and western Europe, with 24 cities in the top 30. The 120 cities in the index are home to some 750m people and $20.2 trillion worth of GDP, 29% of the world’s total. In-depth interviews with ten city experts, mayors and corporate executives, to get their insights on city competitiveness.A unique Index that compares 120 of the world’ s major urban agglomerations across eight distinct categories of competitiveness and 31 individual indicators.

The research drew on two main initiatives: Even more, multinational firms are beginning to plan their locational strategies considering the singularity of the cities, the quality of life and the business ecosystem rather than only the country characteristics. The index is an outcome of “Hot Spots” programme, an Economist Intelligence Unit research programme, commissioned by Citigroup. According to The Economist Intelligent Unit 11, cities nowadays generate more than 80 of global GDP. The Economist Intelligence Unit, a sister company of The Economist, has devised a new index which ranks the competitiveness of the most prominent cities across the globe according to their demonstrated ability to attract capital, businesses, talent and visitors.

Global city competitiveness index the economist