Latest news with #GlobalCitiesIndex2025
Time Out
06-06-2025
- Business
- Time Out
Toronto just surpassed Montreal in this world's top cities list
Don't look now, but Toronto has officially surpassed Montreal as one of the top cities in the world. According to the 2025 edition of the Global Cities Index, cities across the planet were evaluated across five core categories: Economy, Human Capital, Quality of Life, Environment, and Governance. Toronto showed up strong, coming in at 20th place, while Montreal barely made the top 50. Could it have anything to do with Montreal's high transport emissions, or the post-tropical cyclones and torrential downpours forecasted (again) for this summer? Oxford Economics is the world's foremost independent economic advisory firm, covering over 200 countries, 100 industrial sectors, and 8,000 cities and regions. Drawing on top-tier urban economic forecasts and a range of publicly available datasets, the Index builds a consistent global profile of the 1,000 largest cities. What is the world's top city? It should come as a surprise to absolutely no one that New York City topped the list as the world's top city. The urban giant ranked first in the Economics category as the economic capital of both the U.S. and, arguably, the world—boasting the largest metro economy globally, nearly double that of Los Angeles. While heavily reliant on finance, its stable GDP growth and future outlook remain strong. It also scores high in Human Capital, with a population of over 20 million, top universities, major corporate headquarters, and a highly educated, diverse population—though future growth may slow due to stricter immigration policies. What are the top 50 cities in 2025? Here are the top 50 countries according to the Oxford Economics' Global Cities Index 2025: 1. New York 2. London 3. Paris 4. San Jose 5. Seattle 6. Melbourne 7. Sydney 8. Boston 9. Tokyo 10. San Francisco 11. Los Angeles 12. Washington, D.C. 13. Dublin 14. Stockholm 15. Seoul 16. Zurich 17. Oslo 18. Copenhagen 19. Dallas 20. Toronto 21. Singapore 22. Munich 23. Brisbane 24. Chicago 25. Geneva 26. Denver 27. Amsterdam 28. Atlanta 29. Berlin 30. Houston 31. Perth 32. Luxembourg 33. Philadelphia 34. Brussels 35. Minneapolis 36. Vienna 37. Vancouver 38. Helsinki 39. Hamburg 40. San Diego 41. Phoenix 42. Basel 43. Montreal 44. Madrid 45. Miami 46. Tel Aviv 47. Austin 48. Bern 49. Gothenburg 50. Portland Why did Toronto surpass Montreal in this global ranking? Toronto is the top-ranked Canadian city thanks to its role as a national hub for business, finance, culture, and education. Scoring in the top 20 globally for both Economics and Human Capital, the city boasts strong GDP and employment growth, fuelled by high levels of international immigration. Home to Canada's largest banks and major universities like the University of Toronto, it's a centre for innovation and research. However, rapid population growth has strained housing supply, leading to affordability challenges and impacting its Quality of Life score. Environmental challenges and extreme weather also weigh on its overall ranking. Still, with strong governance, high life expectancy, and continued global appeal, Toronto is expected to remain a top performer for years to come. Meanwhile Montreal, the third Canadian city in the top 50, stands out for its strong Human Capital score, bolstered by world-renowned universities like McGill and a growing tech sector focused on AI and video games. It's also a key transport hub, home to major companies like Air Canada and Canadian National Railway. Once Canada's economic capital, Montreal now has the country's second-largest GDP, though lower wages in its dominant sectors contribute to some of the lowest incomes in North America. Still, housing is more affordable than in other Canadian cities, inequality is low, and residents enjoy high life expectancy and rich cultural offerings. Montreal's main weakness lies in the Environment category, due to high transport emissions and weather volatility. As climate change intensifies, reducing carbon output remains a key challenge for the city's economy.
NDTV
30-05-2025
- Business
- NDTV
New York, London, Paris: List Of Top Cities On Global Index 2025
New York and London remain the top two cities in the world for the second year running on the Global Cities Index 2025. Oxford Economics, the leading global economic advisory firm, assessed 1,000 cities on the basis of human capital, quality of life, environment, economics, and governance. They are scored on a scale of 100. The index retained eight cities from the last year, with Sydney and Boston being the new entrants in the top 10. According to Oxford Economics, New York and London are major centres for business, finance, and education. They have performed well in the areas of economy and human capital, scoring 100 and 98.5, respectively. New York has the biggest metro economy in the world, while London comes in fourth. Both cities are home to a large number of universities and corporate headquarters. The third spot was secured by Paris, with San Jose and Seattle making it to the top five for their high GDP per capita. These cities excel in quality of life. Paris ranks third for its cultural sites and high life expectancy; the other two cities have among the highest average incomes in the world, according to Oxford Economics. Paris has a score of 94.4, while San Jose and Seattle were at 94.2 and 91.8, respectively. Melbourne is in the sixth position with a score of 90.7, followed by Sydney at 90.6 and Boston, Tokyo, and San Francisco each at 90.3. Anthony Bernard Sasges, Senior Economist and lead author of the report, said, "The 2025 update of the index provides invaluable, data-driven insights for policymakers and business leaders, enabling them to unlock the potential of urban economies."
Scottish Sun
29-05-2025
- Business
- Scottish Sun
World's best cities revealed and SEVEN in the UK make the list
Plus, some handy tips from locals on tips and where to visit SUPER CITY World's best cities revealed and SEVEN in the UK make the list Click to share on X/Twitter (Opens in new window) Click to share on Facebook (Opens in new window) A NEW study has named seven UK cities as being among the best in the world. Oxford Economics has looked at lots of factors when evaluating what makes a city great for its Global Cities Index 2025, and many in the UK tick those boxes - including Cambridge and Leeds. Sign up for Scottish Sun newsletter Sign up 5 Seven UK cities, including Glasgow, have been named among the world's best Credit: Alamy 5 London came in second place just below New York City Credit: Alamy To evaluate cities around the world, Oxford Economics assessed factors like economics, human capital, governance, quality of life and environment. The top UK city in the study was London which came in second place out of 100 cities, losing out to New York. The publication said that London "may fit the definition of 'Global City' more than anywhere else in the world." It called London the world's leading city for human capital due to its number of leading universities and diverse workforce. The high ranking of London isn't a surprise, but there are lots of other UK cities which also made the cut which weren't so expected. The capital of Scotland made an appearance on the list at number 57. Edinburgh received an overall score of 75.4 - it's highest rating was for environment which was 93.9 out of a possible 100. The next UK city is Bristol which came in at number 68. The city in the South West of England that's built around the River Avon and is the birthplace of street artist, Banksy, received its highest score for governance. One Sun Writer took a visit to Bristol where they discovered 'top-notch' cuisine and wandered around historic pubs. Historic UK city undergoing huge multi-million revamp Leeds came in 83rd place, between Italy's Milan at 82, and The Hague in the Netherlands, at 84. The city in Yorkshire is known for its shopping, food and drink scene as and sporting history. Also on the list was the southern city of Cambridge where tourists enjoy punting and tours around the famous colleges. Cambridge was the 86th city on the list, receiving an overall score of 72.1 with a score of 80.4 out of 100 for quality of life for the locals. One Sun Writer, who is also a Cambridge local, has described the city as the "perfect place to live" and has given her tips on when to visit and what to do. 5 Colourful Bristol was number 68 Credit: Alamy 5 Cambridge came in at number 86 out of the top 100 worldwide cities Credit: Alamy Glasgow came in 90th place between Richmond in the United States and Eindhoven in the Netherlands. And the final UK city on the top 100 list was Manchester which came in at number 93 above the likes of Tampa and Dusseldorf. One Sun Travel writer lives in Manchester and believes it's one of the best cities praising the music, restaurant scene, sports and nightlife. There's lots more to the city than meets the eye from little-known neighbourhoods to new food spots. Here are Time Out's best cities in the world for 2025. Plus, Europe's ten cheapest city breaks for 2025 from Riga to Warsaw and Lisbon. The Top 20 Cities In The World By Oxford Economics New York London Paris San Jose Seattle Melbourne Sydney Boston Tokyo San Francisco Los Angeles Washington, DC Dublin Stockholm Seoul Zurich Oslo Copenhagen Dallas Toronto
The Irish Sun
29-05-2025
- The Irish Sun
World's best cities revealed and SEVEN in the UK make the list
A NEW study has named seven UK cities as being among the best in the world. Advertisement 5 Seven UK cities, including Glasgow, have been named among the world's best Credit: Alamy 5 London came in second place just below New York City Credit: Alamy To evaluate cities around the world, The top UK city in the study was London which came in second place out of 100 cities, losing out to New York. The publication said that London "may fit the definition of 'Global City' more than anywhere else in the world." It called London the world's leading city for human capital due to its number of leading universities and diverse workforce. Advertisement Read More on UK Cities The high ranking of London isn't a surprise, but there are lots of other UK cities which also made the cut which weren't so expected. The capital of Scotland made an appearance on the list at number 57. Edinburgh received an overall score of 75.4 - it's highest rating was for environment which was 93.9 out of a possible 100. The next UK city is Bristol which came in at number 68. Advertisement Most read in City breaks The city in the South West of England that's built around the One Sun Writer took a visit to Bristol where they discovered 'top-notch' cuisine and wandered around historic pubs. Historic UK city undergoing huge multi-million revamp The city in Yorkshire is known for its shopping, food and drink scene as and sporting history. Advertisement Also on the list was the southern city of Cambridge where tourists enjoy punting and tours around the famous colleges. One 5 Colourful Bristol was number 68 Credit: Alamy Advertisement 5 Cambridge came in at number 86 out of the top 100 worldwide cities Credit: Alamy Glasgow came in 90th place between Richmond in the United States and Eindhoven in the Netherlands. And the final UK city on the top 100 list was Manchester which came in at number 93 above the likes of Tampa and Dusseldorf. One Advertisement There's lots more to the city than meets the eye from little-known neighbourhoods to new food spots. Here are Plus, The Top 20 Cities In The World By Oxford Economics New York London Paris San Jose Seattle Melbourne Sydney Boston Tokyo San Francisco Los Angeles Washington, DC Dublin Stockholm Seoul Zurich Oslo Copenhagen Dallas Toronto 5 Seven UK cities made the cut on the Global Cities Index 2025 Credit: Alamy Advertisement
Hamilton Spectator
25-05-2025
- Business
- Hamilton Spectator
A new report ranks the top 1,000 ‘global cities'. Does Hamilton make the list?
Hamilton is the 248th greatest city in the world. That's according to a new ranking of 1,000 global cities released Thursday by Oxford Economics . The global economic advisory firm bases its Global Cities Index 2025 report on five factors — economics, quality of life, environment, governance and human capital, which includes age, education and growth of a population. According to the company, the rankings consider not only the city's economic performance, but also how well-educated it is, the well-being of its residents, the volatility of its climate, any political risks facing the city, and more. The index covers the 1,000 largest cities in the world, which are located in 163 countries. The 2025 rankings have been heavily impacted by tariffs and trade wars, according to the company. 'Trade tensions and deglobalization are causing considerable headwinds to economic growth worldwide, potentially triggering substantial shifts in supply chains and the way countries do business with each other over the coming years.' Of the 1,000 ranked cities, Hamilton ranked 457th in economics, 256th in human capital, 193rd in quality of life, 306th in environment — and 27th in governance. Hamilton's ranking placed the city just behind Toledo, Ohio and Verona, Italy — but ahead of Mexico City, Athens and New Orleans. New York, London and Paris topped the list, while Toronto was the top-ranked Canadian city at No. 20. Hamilton was the lowest ranked Canadian city in 2025. In the 2024 rankings, Hamilton ranked 120th — 10th of the 11 Canadian cities on the list. Here are the rankings of the Canadian cities in the 2025 index: 20. Toronto 37. Vancouver 43. Montreal 61. Calgary 88. Ottawa 116. Quebec City 131. Edmonton 143. Halifax 163. Kitchener-Waterloo 183. Winnipeg 248. Hamilton
