Thirty-seven of the world’s 92 leading financial centers in 2017 were capital cities, according to the latest Global Financial Centers Index.
Published in September 2017 as GFCI 22, the Global Financial Centers Index is a widely used comparison tool that integrates financial center metrics calculated by the World Bank, Organization for Economic Co-operation and Development (OECD) as well as the Economist Group’s Intelligence Unit.
A financial center serves as headquarters to a significant cohort of large financial services providers such as banks, insurance companies, investment managers, hedge funds and stock exchanges.
London, England is the world’s premier financial center. Also based on GFCI 22 rankings, four national capital cities in Asia finished among the 10 leading global financial centers: Hong Kong (3rd place), Singapore (4th place), Tokyo (5th place) and Beijing (10th place).
Capital Cities Financial Centers Report
Presented below is a comprehensive listing of the 37 capital cities that ranked among the top 92 entrants on the Global Financial Centers Index.
|Rank||Capital City||Geographic Entity||GFCI Score|
The leftmost column above displays the financial center’s overall ranking followed by the city name, country and the critical driving factor: the GFCI 22 score for each city.
Significant Rank Changes on Latest Index
The fastest-improving capital city on the latest Global Financial Centers Index is Vienna, Austria. Listed below is Vienna followed by 8 other capitals which posted the greatest gains in ranking among top global financial centers.
- Vienna, Austria (up 22 places)
- Prague, Czech Republic (up 11 places)
- Copenhagen, Denmark (up 9 places)
- Madrid, Spain (up 9 places)
- Amsterdam, Netherlands (up 7 places)
- Stockholm, Sweden (up 7 places)
- Beijing, China (up 6 places)
- Warsaw, Poland (up 5 places)
- Luxembourg (up 4 places)
The following five capital cities showed the greatest percentage declines in rankings since the prior Global Financial Centers Index published in 2016.
- Kuala Lumpur, Malaysia (down 20 places)
- Washington DC, USA (down 16 places)
- Mexico City, Mexico (down 12 places)
- Riga, Latvia (down 8 places)
- Doha, Qatar (down 6 places)
China Development Institute and Z/Yen Partners, The Global Financial Centres Index 22 (September 2017). Accessed on January 2, 2018
Wikipedia, Economist Intelligence Unit. Accessed on January 2, 2018
Wikipedia, Financial Center. Accessed on January 2, 2018
Wikipedia, Global Financial Centers Index. Accessed on January 2, 2018