London saw its scores for GDP, GDP growth and general economic performance fall, and the city’s overall score decreased slightly. Scores in the category of Livability increased, boosted by reduced housing costs and lower general living costs (both in dollar terms). dollars, however it still remains the highest of all the 42 cities in the index. The weakening of the Japanese currency had a negative impact on Tokyo’s GDPĮxpressed in U.S. The increase was due to a number of factors, including a reduction in Japan’s rate of corporate taxation, an increase in the number of visitors to the city from abroad and an increase in the number of direct flight connections to overseas destinations. Tokyo overtook Paris and moved into third place. Paris dropped out of the top three to fourth position, due largely to a perceived decrease in the levels of Cultural Interaction and Research & Development the terrorist attacks of last November are likely to have influenced those ratings. New York experienced no significant change in its ratings, retaining its No. London maintained its top ranking for the fifth year running despite its overall score decreasing slightly. The report revealed that Tokyo achieved a top three ranking for the first time, having been ranked fourth for the previous eight consecutive years positive evaluations in the categories of Cultural Interaction, Livability and Accessibility helped improve its scores. The report was first released in 2008 it evaluates and ranksĤ2 major cities according to their “magnetism,” or their perceived overall power to attract creative individuals and enterprises from around the world. The Mori Memorial Foundation’s Institute for Urban Strategies, a research institute established by Mori Building, unveiled Tuesday its Global Power City Index (GPCI) 2016 report.
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