Trade tensions and populist undercurrents continue to dominate the global economic climate. Combined with the spectre of monetary policy tightening and volatility looming over markets, international businesses are under more pressure than ever to get their overseas operations right. Mercer’s 21st annual Quality of Living survey shows that many cities around the world still offer attractive environments in which to do business, and the best understand that the quality of living is an essential component of a city’s attractiveness for businesses and mobile talent.
Globally, Vienna tops the ranking for the 10th year running, closely followed by Zurich. In joint third place are Auckland, Munich and Vancouver – the highest ranking city in North America for the last 10 years. Singapore (25), Montevideo (78) and Port Louis (83) retain their status as the highest ranking cities in Asia, South America and Africa respectively. Despite still featuring at the bottom of the quality of
“Strong, on-the-ground capabilities are integral to the global operations of most international businesses and are in large part driven by the personal and professional wellbeing of the individuals that companies place in those locations,” said Ilya Bonic, Senior Partner and President of Mercer’s Career business. “Companies looking to expand overseas have a host of considerations when identifying where best to locate staff and new offices. The key is relevant, reliable data and standardised measurement, which are essential for employers to make critical decisions, from deciding where to establish offices to
“As part of Singapore’s Smart Nation vision, the city is continuously improving the standard of living of its residents with greater connectivity and sustainability of resources. Considering its relatively small geographic footprint and the scarcity in resources, Singapore has had to think differently to remain competitive against neighbouring emerging markets. We continue to see huge forward-thinking policies that have enabled Singapore to develop economically and infrastructurally, bringing benefits to its residents, whilst making the city Asia’s most attractive destination for foreign talent,” says Mario Ferraro, Regional Practice Leader for Mercer Global Mobility – Asia, Middle East, Africa & Turkey.
Mercer’s authoritative survey is one of the most comprehensive of its type in the world and is conducted annually to enable multinational companies and other organisations to compensate employees fairly when placing them on international assignments. In addition to valuable data on relative quality of living, Mercer’s survey provides assessment for more than 450 cities throughout the world; this ranking includes 231 of these cities.
European cities continue to have the highest quality of living in the world, with Vienna (1), Zurich (2) and Munich (3) not only ranking first, second and third in
The safest city in Europe was Luxembourg (1), followed by Basel, Bern, Helsinki and Zurich in joint second. Moscow (200) and St. Petersburg (197) were Europe’s least safe cities this year. The biggest fallers in Western Europe between 2005 and 2019 were Brussels (47), due to recent terrorist attacks, and Athens (102), reflecting its slow recovery from economic and political
In North America, Canadian cities continue to score highest with Vancouver (3) ranking highest for
In South America, Montevideo (78) again ranked the highest for
Middle East and Africa
Dubai (74) continues to rank highest for
In Africa, Port Louis (83) was the city with the best quality of living and also its safest (59). It was closely followed for
In Asia, Singapore (25) has the highest quality of living, followed by the five Japanese cities of Tokyo (49), Kobe (49), Yokohama (55), Osaka (58), and Nagoya (62), and then Hong Kong (71) and Seoul (77), which rose two places this year as political stability returned following the arrest of its president last year. In South East Asia, other notable cities include Kuala Lumpur (85), Bangkok (133), Manila (137), and Jakarta (142); and in mainland China: Shanghai (103), Beijing (120), Guangzhou (122) and Shenzen (132). Of all the cities in East and South East Asia, Singapore (30) ranked the highest in Asia and Phnom Penh (199) the lowest, for personal safety. Safety continues to be an issue in the central Asian cities of Almaty (181), Tashkent (201), Ashgabat (206), Dushanbe (209) and Bishkek (211).
In Southern Asia, the Indian cities of New Delhi (162), Mumbai (154) and Bengaluru (149) remained unchanged from last year’s ranking for overall quality of living, with Colombo (138) topping the ranking. In 105th place, Chennai ranks as the region’s safest city, while Karachi (226) is the least safe.
New Zealand and Australia continue to rank highly in quality of living, with Auckland (3), Sydney (11), Wellington (15), and Melbourne (17) all remaining in the top 20. Australia’s major cities all