PWC announced its global ranking of the ‘Cities of Opportunity.’
This is an index that ranks the performance of cities, based on factors such as:
- Cost of living.
- Demographics and livability.
- Ease of doing business.
- Economic clout.
- Health, safety and security.
- Intellectual capital and innovation.
- Sustainability.
- Technology readiness.
- Transportation and infrastructure.
In 2016, Singapore ranked second in the global opportunity index, and also maintained its position as the best center for business in Asia Pacific.
Singapore ranked third overall in 2015 and seventh in 2012. So it has been steadily moving up the ladder. At the moment, it holds the top position globally for three factors:
- Transportation and infrastructure.
- Ease of doing business.
- Technology readiness.
Singapore also does well for having low and efficient tax rates/mechanisms. All of these factors continue to cement the city-state’s position as a great place to live and work.
The top 5 cities in the opportunity index are:
- London.
- Singapore.
- Toronto.
- Paris.
- Amsterdam.