The 500 cities are distributed across six continents, though Europe, Asia, and North America account for over 80%. The average brand value of the top 500 cities in 2021 is $141.94 billion, an increase of 0.5% from the 2020 average of $141.22 billion. More than 60% of the cities assessed have brand values of less than $100 billion. There are 18 cities with brand values of between $500 billion and $1 trillion.

Six cities have brand values of more than $1 trillion, versus five in 2020. The threshold for the 2021 'Global Top 500 Cities' list is $18.06 billion, down from $18.51 billion in 2020 its second consecutive fall.

Global City Lab publishes its 'Global Top 500 Cities' report annually. It calculates brand values using six metrics: economic growth, culture, governance, environment, talent, and reputation. Global City Lab is the world's first professional organization dedicated to evaluating city brand values. Therefore, evaluating a city's brand value will provide a clearer understanding of a city. It affects a city's development potential because it influences the flow of capital, information, goods, and talent. The report found that blockchain and crypto are influencing the future of the city.Ī city's brand represents its comprehensive strength.

Los Angeles, Toronto, Shanghai and Hong Kong complete the Top 10, the latter ranking 9th and 10th, respectively. Paris, Singapore, and Sydney also have brand values surpassing $1 trillion. Tokyo's value dropped 5.37%, putting it third with a value of $1.78 trillion. London passed Tokyo to claim second place with a brand value of $1.90 trillion. The report reveals that New York is the world's most valuable city, with a brand value of $2.04 trillion (all figures are in U.S. 30, 2021 (GLOBE NEWSWIRE) - What effect has the COVID-19 pandemic had on the brand value of the world's greatest cities? To find out, Global City Lab compiled the 'Global Top 500 Cities' released on Dec.

Wikipedia Global City Index