Independent advisory firm Oxford Economics recently released its list of the best cities to live in for 2024. And it turns out, that nine of the Philippines' own cities made the top 1000 list.
READ: Philippine Cities Ranks on the Best Cities to Live in 2024
The Oxford Economics Global Cities Index ranks the world's best global cities, analyzing data from 1,000 urban economies across 163 countries. Researchers look into variables such as economics, human capital, quality of life, environment, and governance. It serves as a reference point for policymakers, businessmen, academics, and the like.
"Evaluating quality of life metrics in the index underscores the importance of urban policies that not only prioritize economic prosperity but also health, equality, and cultural vibrancy, enhancing residents' overall wellbeing," the experts noted.
Manila was highlighted for its human capital commerce and travel value. It would rank 461st in terms of quality of life, as well. Cebu City, on the other hand, entered the list at 436th place, ranking 24th globally for its ecological progress. Cagayan de Oro, likewise, would find itself at the 487th spot. Davao would also enter the greater half of the list at the 500th spot.
Joining Philippine cities in the global 1,0000 list from our ASEAN contemporaries are Singapore at 42, Kuala Lumpur at 135, Bangkok at 192, Jakarta at 284, Hanoi at 304, Dhaka at 540, Vientiane at 589, and Yangon at 680.
In Asia, Singapore would be the highest-ranked city followed by Seoul, South Korea. Oxford Economics ranked New York City first in the list, followed by London in the United Kingdom and San Jose in California. Tokyo in Japan takes the fourth spot while Paris, Seattle, Los Angeles, San Francisco, Melbourne, and Zurich round out the top 10.
It should be noted, too, that in 2023, the 1,000 largest cities will produce 60 percent of the global gross domestic product plus 30 percent of the global population. This also highlights the economic and social growth tied to the rankings. The updated list should aid policymakers in crafting more strategic positions moving forward.
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