Melbourne and Sydney have both been rated as global elite cities in A.T. Kearney’s Global Cities 2017 report.
The report’s Index ranks the world’s most influential cities and, in an Outlook report, those likely to become more important on the global stage.
Melbourne is on the move and is rising faster on the global rankings than Sydney.
The Victorian state capital jumped nine places to rank sixth in this year’s Outlook, the highest ranking the city has achieved since the Outlook launched three years ago and well ahead of Sydney at 13th.
The Outlook ranks cities in terms of their future potential, scoring on metrics across four key areas: personal well-being, economics, innovation and governance.
Here are the global city outlook rankings:
Melbourne’s jump came on the back of improvements in infrastructure and private investments, which bode well for sustainable long-term growth of the city.
It also took the global top spot for personal well-being, especially in the area of environmental performance.
Melbourne was also ranked 15th in the Index, holding on to its 2016 position.
The Index ranks cities based on current performance on metrics across five critical dimensions: business activity, human capital, information exchange, cultural experience and political engagement.
Here are the Index rankings in full:
Sydney ranked 17th in the Index and 13th in the Outlook and shared the global top spot with Melbourne on environmental performance.
“Cities across the world are focusing not only on improving their economic growth, but also on holistic development which improves quality of life of the residents and makes it easier for businesses to operate,” says Nigel Andrade, head of A.T. Kearney Australia.
“Cities within Australia also compete with each other on these fronts. This healthy competition has seen Australian cities become prime examples of how cities can achieve sustainable growth on all fronts.
“With a relatively business-friendly environment, a robust regulatory system and a highly educated and diversified workforce, Australian cities are not only performing well today, but are likely to continue to succeed on the global stage for many years.”
This is the seventh edition of the Index and the third year for the Outlook.