Every year since 2008, the Mori Memorial Foundation’s Institute for Urban Strategies draw up the ranking of the most attractive cities in the World analyzing the relative strengths and weaknesses of the most-known and most-loved cities.
The six factors scrutinized are: economy, research and development, cultural interaction, livability, environment and accessibility. This six factors contribute to create the Global Power City Index (GPCI).
The Global Power City Index (GPCI) evaluates and ranks the major cities of the world according to their “magnetism” or their comprehensive power to attract people, capital, and enterprises from around the world. The GPCI’s indicators and data collection methods are routinely reviewed and improved in order to reflect the changing circumstances surrounding global cities.
A total of 70 indicators are used in the GPCI among which we can find specific indicators as World’s Top 500 Companies, Wage Level, Availability of Skilled Human Resources, Total Employment, World’s Top Universities, Winners of Prizes in Science and Technology, Number of Museums, Number of World-Class Cultural Events, Cultural Interaction Opportunities, Environment of Creative Activities, Social Freedom and Equality, Variety of Restaurants, Green Coverage, Traffic Congestion, Cities with Direct International Flights to quote a few.
The average indicator scores of the indicator groups are combined to create the function specific rankings, and then the comprehensive ranking is created from the total scores of the function-specific rankings.
This year’s comprehensive ranking sees the top 5 most attractive cities in the World remaining unchanged from last year, with London, New York, Tokyo, Paris, and Singapore maintaining their positions. Amsterdam greatly extends its score and moves past Seoul, now ranking at 6th this year. Milan improve from the 32nd to 31st place.
London is for the 7th consecutive year evaluated as the most comprehensively powerful city at #1. With its score increasing even after the Brexit referendum, the city marches forward alone at the top of the ranking. London also manages to enter the top 5 in 13 out of 16 indicators in its key strength Cultural Interaction, further cementing its status as a city with extremely high comprehensive power. The city sees its scores for weaker indicators Housing Rent and Price Levelrise, carrying it from #17 to #11 in Livability.
Do you want to know more about the most attractive cities in the World? read the full analysis here