- the projected growth of the economy
- university rankings
- disposable incomes over the next decade
- demographic measures.
Why the rankings have changedThe Schroders Global Cities 30 index looks at scale and growth of a city. We believe that cities with scale have a structural advantage. However, the model also captures fast growing cities. This means the ideal city would be medium sized with identifiable economic growth. It’s no surprise that Los Angeles has reclaimed its place at the top. This is due to a combination of large scale and excellent economic growth. The scale and economic depth of LA makes it a compelling location to work and live. Chinese cities continue to do well in the index with Shanghai and Beijing taking top ten spots. It remains clear that the increasing wealth generated in leading Chinese cities is being reflected in the index. The scale and growth of Chinese cities is supportive of their high ranking. Shanghai, Beijing and Shenzhen all moved up the index on the basis of small improvements in the income factor. This improvement shows that the populations of the major Chinese cities are growing wealthier, as the Chinese economy transitions from manufacturing to consumption. Australian cities generally fared quite poorly. On the positive side, Sydney continues to do well. This further supports our view that employers focus on locations with the best educated workforce and transport infrastructure to compete in the knowledge economy.
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- For more on urban trends, go to the Global Cities website.
|Los Angeles||United States||North America||1|
|Hong Kong||Hong Kong||Asia||2|
|New York||United States||North America||4|
|Boston||United States||North America||6|
|Chicago||United States||North America||7|
|Houston||United states||North America||9|
|San Francisco||United States||North America||11|
|Seattle||United States||North America||13|
|San Jose||United States||North America||14|
|Atlanta||United States||North America||18|
|Washington||United States||North America||19|
|Dallas||United States||North America||21|
|San Diego||United States||North America||22|
|Philadelphia||United States||North America||23|
|Miami||United States||North America||24|
|Baltimore||United States||North America||26|
|Phoenix||United States||North America||28|
|Minneapolis||United States||North America||29|