London is outranking other global cities globally for liveability, economic clout and opportunity, according to a new study by PWC US
PWC United States writes:
U.S. cities are demonstrating strength in leading economic and social indicators, but are also revealing dimensions where they are falling behind as engines of global competition and urban well-being, according to PwC’s Cities of Opportunity 7. The report provides an in-depth benchmark of the social and economic health of 30 of the world’s leading centers for business and commerce by measuring their performance against 10 indicators.
In this seventh edition of the study, London claims the top spot due to its strong showing across the leading indicators, and is followed by Singapore, Toronto, Paris and Amsterdam. Cities were assessed based on data from 2014-2015, with findings from the study underscoring a key premise: city success requires balanced social and economic strengths, which finds high scores in the human elements of urban life. While compiled before the recent UK referendum vote to leave the EU, detail in the report’s wide ranging measurements gives an early indication to its competitors of both London’s international strengths and areas it may have to compete harder on post Brexit.
The top three cities in each ‘Cities of Opportunity’ indicator are:
- Intellectual capital and innovation:London, San Francisco, Paris
- Technology readiness:Singapore, London, Amsterdam and New York (tied for third)
- City gateway: London, Paris, Beijing
- Transportation and Infrastructure:Singapore, Dubai, Stockholm
- Health, safety and security:Tokyo, Toronto, Sydney
- Sustainability and the natural environment:Stockholm and Sydney (tied for first), Seoul and Toronto (tied for third)
- Demographics and liveability: New York and Paris (tied for first), London
- Economic clout: London, New York, Beijing
- Ease of doing business: Singapore, Hong Kong, London
- Cost:Johannesburg, Toronto, Los Angeles
See the full ranking and a copy of the report
View the press release
