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What is the most successful city in the world?

Published in Urban Economics 2 mins read

According to the Oxford Economics Global Cities Index 2024, New York City currently holds the title of the most successful city in the world.

Factors Contributing to New York City's Success

New York City's top ranking is largely attributed to its exceptional performance in the following categories:

  • Economics: As home to the largest metro economy globally, New York City demonstrates significant economic strength and stability. Its diverse industries and robust financial sector contribute significantly to its overall success.

  • Human Capital: New York's educational institutions, skilled workforce, and innovative environment make it a leader in human capital development. The city attracts and retains top talent from around the world.

Other Leading Cities

While New York City leads the rankings, other cities also perform exceptionally well:

  • London: Following closely behind New York, London also excels in Economics and Human Capital and boasts the world's fourth-largest metro economy.

These two cities stand out as global hubs for finance, business, and education, driving their positions as the most successful.

Oxford Economics Global Cities Index

The Oxford Economics Global Cities Index assesses cities based on various factors across five key categories:

  1. Economics
  2. Human Capital
  3. Quality of Life
  4. Environment
  5. Governance

By evaluating these elements, the index provides a comprehensive assessment of the most successful and influential cities worldwide.