ISTANBUL
New York, London and Paris were the top three cities in the Oxford Economics’ Global Cities Index, which analyzed 1,000 cities in different categories.
The Global Cities Index analyzes the world’s 1,000 largest cities in 163 countries through 27 indicators in 5 main categories. The main categories are economy, human capital, quality of life, environment and governance.
These cities account for 60% of global GDP and host one-third of the world’s population.
New York topped the list with an economy worth $2.5 trillion and a population of 20.7 million. With an overall score of 100 in these categories, it was followed by London with its $1 trillion economy. These two cities topped the list for the second time in a row.
New York had the world’s largest metropolitan economy, while London ranked fourth. Similarly, both cities have a high number of universities and corporate headquarters.
Paris ranked third in the index, followed by US’ San Jose in the state of California and Seattle in the state of Washington.
These three cities scored highly in the economy category and slightly lower than New York and London in human capital.
However, Paris, San Jose and Seattle outperformed New York and London in terms of quality of life.
Paris stood out for its world-renowned cultural assets and high life expectancy, while San Jose and Seattle were among the cities with the highest income levels in the world.
The top five cities on the list are Melbourne and Sydney in Australia, Boston in the US, Tokyo in Japan and San Francisco in the US.
Tokyo was the closest city to New York among the top 10 cities with an economic size of $1.3 trillion.
The top eight cities in the index did not change this year, but Sydney entered the top 10 with an improvement in quality of life and Boston with economic growth.
Los Angeles and Zurich fell out of the top 10 this year due to a slight weakening in human capital.
Türkiye’s Istanbul ranked 106th, Ankara 277th, Antalya 374th, Izmit 383rd and Bursa 405th. Istanbul ranked 15th among 1,000 cities in terms of human capital.
