Hosting the delayed 2020 Olympics in 2021 boosted the city’s rating for cultural interaction, while an improved score for workstyle flexibility meant its liveability ranking rose. Tokyo, at number three, improved its score and closed the gap with London and New York. But a lower rating as a working environment resulted in its overall liveability score slipping back. New York retained its number two ranking, improving its environment score as a result of efforts to make the city cleaner. Changes over five years show other European cities are catching up to London, raising questions about London’s ability to continue dominating its European rivals in economy.” Big Apple holds its own “The main factor is lost competitiveness in GDP growth and availability of skilled human resources. “London ranked second overall in economy after New York, but it has declined for three consecutive years since 2019,” they said. However, the Index compilers raised a question over London’s future ratings in light of Brexit. It improved its score for liveability and environment compared with a year earlier, although its previously high rating for accessibility fell because of the cancellation of flights to combat COVID-19.

London is ranked the world’s most magnetic city for the 10th consecutive year. The report also shows how the pandemic has affected the world’s leading urban centres. The Index rates cities on the following six criteria: economy research and development cultural interaction liveability environment accessibility. Produced by the Tokyo-based Mori Memorial Foundation, the annual report ranks the world’s major cities according to their “magnetism” – in other words, their ability to attract people, capital and businesses from around the world. The latest Global Power City Index sets out to explain why. When it comes to attracting people, money and business from around the world, some cities are clearly better than others. But there are challengers, with Madrid entering the top 10 for the first time.It held on to the top spot despite Brexit and COVID-19.London has been named the world’s most “magnetic” city for the 10th year in a row.

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum.Īuthor: Douglas Broom, Senior Writer, Formative Content

Global power city index 2019