Istanbul, Türkiye’s largest city, is a vibrant metropolis that connects Europe and Asia. Known for its rich history, cultural diversity, and strategic importance, the city continues to be a key player in global business, tourism, and culture.
But how is Istanbul performing in terms of reputation, influence, business attractiveness, and sustainability, according to leading rankings and indices?
Let’s take a closer look at:
- Istanbul’s economic competitiveness and financial performance
- Its city brand strength and global reputation
- How appealing it is to live, work, and study
Economic Competitiveness
The Global Financial Centres Index 35 ranks Istanbul 110th, showing no change from the previous ranking. However, in Fintech, the city ranks 74th, having dropped seven places.
In the Innovation Cities Index 2022-2023, it is ranked 53rd, a decline of 21 positions. This might indicate a need for renewed focus on innovation-driven growth.
City Brand Strength and Reputation
According to Brand Finance’s City Index 2023, Istanbul ranks 64th.
The 2024 World’s Best Cities Report by Resonance ranks Istanbul 19th overall, with strong performances in Liveability (8th) and Lovability (8th), but lower in Prosperity (181st).
In the Global Cities Index 2023, the city ranks 25th, up three positions, though its Global Cities Outlook ranking decreased slightly to 118th.
The Global Power City Index 2023 places it 30th, with particularly high marks in Cultural Interaction (6th) and Accessibility (12th).
How Attractive for Talent, Visitors, Locals?
The Mercer Quality of Living City Ranking ranks Istanbul 137th, reflecting challenges in living conditions. The Mercer Cost of Living Ranking places the city at 185th, up by 37 positions, indicating a relative increase in living costs.
In the Numbeo City Quality of Living Index, it ranks 158th, while it is 208th in the Cost of Living Index.
In 2024, the Times Higher Education ranking ranks Istanbul Technical University in the 501-600 bracket and 34th in the Impact Ranking. Meanwhile, the QS World University ranking positions Istanbul Technical University 326th overall.
Urban Sustainability
The city ranks 74th in the Arcadis Sustainable Cities Index, performing moderately in Planet (55th) and People (74th), with particular room for improvement in Profit (79th).
In the IESE Cities in Motion Index 2024, it ranks 93rd overall, with notable strengths in International Profile (5th) – followed by Technology (46th). Challenges remain in Social Cohesion (145th) and Environment (128th).
Last updated in August 2024. More city profiles here.
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Disclaimer: The information in this article is intended to provide a general overview of Istanbul’s economic and cultural landscape and facilitate comparison over time. While we strive for accuracy and completeness, we are not responsible for any typographical errors or inaccuracies. The data is provided ‘as is’ without warranty of any kind. Users should verify any information before relying on it for decision-making purposes.
