Location is everything in business. Just ask any successful entrepreneur. But more often than not, the success of your business my not only depend on the neighborhood in which is located, but also on the city where you decide to open your venture.
Following, we would like to present you with a list we have compiled of the 20 top cities in the world for business. The cities were ranked according to the scores they received in the latest PricewaterhouseCoopers LLP report, the annual Cities of Opportunity.
Their report measures a wide of economic indicators, from innovation and sustainability to natural environment and city gateway.
Curious to see which cities have made it on the list? Let’s take a look at the countdown.
Note: according to PricewaterhouseCoopers, the cost category is defined as the cost for a businessman to live in that particular city or the cost of living for a middle-class person.
No. 20: Moscow, Russia
Total score: 712
Strongest category (-ies): innovation, intellectual capital, and economic clout
Weakest category (-ies): health, security, safety, and ease of doing business
No. 19: Shanghai, China
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Total score: 729
Strongest category (-ies): city gateway and economic clout
Weakest category (-ies): health, security, safety, and ease of doing business
No. 18: Kuala Lumpur, Malaysia
Total score: 761
Strongest category (-ies): cost and ease of doing business
Weakest category (-ies): innovation, intellectual capital, livability, and demographics
No. 17: Beijing, China
Total score: 769
Strongest category (-ies): city gateway and economic clout
Weakest category (-ies): health, security, safety, natural environment, sustainability, livability, and demographics
No. 16: Milan, Italy
Total score: 827
Strongest category (-ies): innovation, intellectual capital, and ease of doing business
Weakest category (-ies): city gateway and technological readiness
No. 15: Madrid, Spain
Total score: 903
Strongest category (-ies): innovation, intellectual capital, city gateway, and ease of doing business
Weakest category (-ies): technological readiness, livability, and demographics
No. 14: Seoul, South Korea
Total score: 915
Strongest category (-ies): technological readiness, infrastructure, and transportation
Weakest category (-ies): health, security, safety, livability, and demographics
No. 13: Los Angeles, US
Total score: 954
Strongest category (-ies): innovation, intellectual capital, and ease of doing business
Weakest category (-ies): economic clout, infrastructure, and transportation
No. 12: Berlin, Germany
Total score: 955
Strongest category (-ies): cost, health, security, and safety
Weakest category (-ies): technological readiness, city gateway
No. 11: Sydney, Australia
Total score: 964
Strongest category (-ies): natural environment, sustainability, innovation, and intellectual capital
Weakest category (-ies): infrastructure, transportation, and cost
No. 10: Tokyo, Japan
Total score: 974
Strongest category (-ies): innovation, intellectual capital, city gateway, and ease of doing business
Weakest category (-ies): natural environment, sustainability, livability, and demographics
No. 9: Chicago, US
Total score: 997
Strongest category (-ies): innovation, intellectual capital, health, security, and safety
Weakest category (-ies): economic clout
No. 8: Hong Kong
Total score: 1,015
Strongest category (-ies): city gateway and ease of doing business
Weakest category (-ies): natural environment, sustainability, safety, health, and security
No. 7: Singapore, Singapore
Total score: 1,045
Strongest category (-ies): ease of doing business, infrastructure, and transportation
Weakest category (-ies): innovation and intellectual capital
No. 6: San Francisco, US
Total score: 1,061
Strongest category (-ies): innovation, intellectual capital, natural environment, and sustainability
Weakest category (-ies): economic clout and cost
No. 5: Stockholm, Sweden
Total score: 1,062
Strongest category (-ies): innovation, intellectual capital, health, security, and safety
Weakest category (-ies): city gateway
No. 4: Paris, France
Total score: 1,073
Strongest category (-ies): city gateway, livability, and demographics
Weakest category (-ies): cost, security, safety, and health
No. 3: Toronto, Canada
Total score: 1,096
Strongest category (-ies): economic clout and ease of doing business
Weakest category (-ies): city gateway, technological readiness
No. 2: London, UK
Total score: 1,111
Strongest category (-ies): intellectual capital, innovation, city gateway, and ease of doing business
Weakest category (-ies): natural environment, sustainability, and technological readiness
No. 1: New York City, US
Total score: 1,112
Strongest category (-ies): innovation, city gateway, intellectual capital, and ease of doing business
Weakest category (-ies): demographics, livability, and cost
