Delhi at 101 and Mumbai at 107 are the other Indian cities to make at the index, with the top 20 awarded a PICSA Seal as the world's highest-ranked cities building inclusive prosperity. Bilbao, the host city of the new index, is ranked at 20. "As the first ever non-commercial ranking index, PICSA provides a new measure of economic productivity that goes beyond GDP to provide a holistic account of how well people are doing in the economy and which have the populations that are most empowered to contribute to its economy and share in its benefits," explained Asier Alea Castanos, Director of Strategic Programmes at the Regional Council of Biscay, in reference to the index launch.
"There is increasing recognition in governments and also the private sector that success needs to be judged in new ways: factors like health, housing affordability and quality of life need to be put alongside jobs, skills and incomes when measuring prosperity," he said.
Zurich, as the number one, scores strongly across all measures, particularly on quality of life, work, housing, leisure, safety, and education - with the Swiss higher education system attaining an especially high score.
Vienna, the Austrian capital in second place, scores close to top marks on healthcare. Copenhagen, Luxembourg and Helsinki complete the top five. The higher end of the list is dominated by European cities, with 15 of the top 20, joined by four North American cities (Ottawa in 8th place; Washington DC ranked 11th; Seattle in 14th and Boston in 16th) and Taipei, which is the only Asian city to make it into the top 20 at 6th place. Dr Bruno Lanvin, Founder and CEO at D&L Partners, said: "Without equity and inclusion, economic growth is not sustainable. Without growth, equity is about redistributing poverty.
"By measuring performance of cities across different pillars of inclusive prosperity, as the PICSA Index does, policy makers can identify high performers in specific domains and establish roadmaps of best practices."
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