Tehran Ranking Drops in Global Financial Centers Index

EghtesadOnline: Tehran was ranked 102 in the Global Financial Centers Index (GFCI 28) report published by the website of Z/Yen from the United Kingdom and the China Development Institute from Shenzhen.

News ID: ۷۵۱۱۳۷

29 September 2020

With a score of 528, Tehran stood higher than Kuwait City, St Petersburg, Xi'an, Manila, Riyadh, Tianjin, Hangzhou, Dalian and Wuhan, while it was lower than Baku, Doha and Istanbul.

Iran’s capital city fell seven places after ranking 95 in the previous report.

All 13 Centers in the Middle East and Africa performed poorly once again, with all 13 centers falling in the ratings and with only Abu Dhabi, Mauritius and Cape Town improving in the rankings.

The biannual rankings are the world's most authoritative comparison of competitiveness in leading financial centers.

One hundred and 11 financial centers across the world are ranked based on a combination of assessments from financial professionals and quantitative data.

GFCI is compiled using 138 instrumental factors provided by third parties, including the World Bank, Economist Intelligence Unit, OECD and United Nations.

The instrumental factors are combined with financial center assessments provided by respondents to GFCI’s online questionnaire. GFCI 28 used 54,509 assessments from 8,549 respondents.

New York again heads the ranking of the world’s leading global financial centers.