SFCED | San Francisco Center for Economic Development

New Citi-Commissioned EIU Report Projects Competitiveness of 120 of the World’s Major Cities in 2025

A new Economist Intelligence Unit (EIU) research report, “Hot Spots 2025: Benchmarking the Future Competitiveness of Cities,” commissioned by Citi, projects that São Paulo, Incheon and Mumbai will see the greatest surge in global competitiveness between 2012 and 2025. Released today at the New Cities Summit in São Paulo, the report forecasts the competitiveness of 120 cities in 2025 based on their projected ability to attract capital, business, talent and tourists.

“Around the world, cities continue to evolve as the centers of innovation and engines of economic growth,” said Citi CEO Michael Corbat. “Core to Citi’s strategy is a focus on the 150 cities we believe will shape the world in the years ahead. The Citi-commissioned EIU research will enhance understanding of the factors driving urban competitiveness and illuminate how the highest performing cities continue to create competitive advantages.”

San Francisco is ranked 18th in the overall Index and the fifth most competitive city in the US.  It is the second best performer on North America’s West Coast, behind Los Angeles (17th), but ahead of Vancouver (28th) and Seattle (35th). The city performs particularly well in the category institutional character (joint 2nd). As a specialised global hub for IT venture capital and private equity, it ranks joint 32nd in terms of its fi nancial maturity. San Francisco gains strongly as a result of improvements in the categories quality of healthcare and government effectiveness. It is proactive in attracting businesses and provides both quality education and healthcare services to citizens, with a “Healthy SF Initiative” aiming to improve access to healthcare. The city benefits from its reputation as one of the most liberal and most accepting cities.

Read more: citigroup.com Hot Spots 2025: Benchmarking the Future Competitiveness