Singapore ranked second in PwC’s Cities of Opportunity Index, a comprehensive benchmarking study of 30 leading business centers globally.
London claimed the pole position for the second time in a row, while Toronto clinched the third position. Paris and Amsterdam completed the top five.
PwC’s Cities of Opportunity measures cities’ performance against 10 indicators, including transportation and infrastructure, ease of doing business, demographics, and livability, technology readiness and cost.
The report also demonstrates that cities succeed not only when they perform well economically, but when they succeed in providing a range of social features, including a good quality of life, senior wellbeing, housing, and disaster preparedness—each of which demonstrates a strong relationship with top cities in the study.
“Over half of the world’s population live in cities, and they represent engines of global or regional economies. A good life is not a luxury in these cities, it’s a basic requirement for cities and businesses to get and keep talent,” said Bob Moritz, Chairman of PricewaterhouseCoopers International.
The study noted that London is among the top three in six indicators covered by the study, including intellectual capital and innovation; technology readiness; city gateway; demographics and livability; economic clout; and ease of doing business.