Tel Aviv, Israel’s second-largest city, is often called the ‘party capital of the Middle East,’ and praised for its nightlife. It is one of the most touristic spots in Israel, and one can find a wide variety of museums in the city. Tel Aviv has also built itself a reputation for being start-up friendly.
But how does it fare in terms of economic and sustainability performance, city brand strength, and reputation, according to leading rankings and indices?
Let’s take a closer look at:
- Economic competitiveness and urban sustainability
- City brand strength and global reputation
- Livability: Appeal to talent, locals, and visitors
Economic Competitiveness and Financial Performance
The Global Financial Centres Index 34 ranks Tel Aviv 57th, jumping eight positions from the previous ranking. It holds the fourth place in the MENA region.
According to 2thinknow’s Innovation Cities Index 2022-2023, Tel Aviv ranks 40th, a jump of 51 positions from the previous ranking. The city now sits between Helsinki (39th) and Hamburg (41st).
City Brand Strength and Reputation
According to Brand Finance’s City Index 2023, Tel Aviv ranks 91st globally, between Lagos (90th) and Hanoi (92nd).
Resonance’s 2023 World’s Best Cities Report ranks Tel Aviv 47th, right between Hong Kong (46th) and Athens (48th).
Kearney’s 2023 Global Cities Report ranks Tel Aviv 57th, dropping five positions compared to last year’s publication. Moreover, it ranks 55th, a jump of five positions, in Global City Outlook.
The Global Power City Index ranks Tel Aviv 40th. Notably, the city ranks 9th for Nightlife Options.
Livability: Appeal for Talent, Locals, Visitors
The Mercer Quality of Living City Ranking places Tel Aviv 127th, tying with Rabat. Mercer’s Cost of Living Ranking ranks it 8th, between Bern (7th) and Copenhagen (9th). The cost of living survey reports that factors such as currency fluctuations, cost inflation for goods and services, and instability of accommodation prices are key to determining the cost of expat packages for employees on international assignment.
Last updated in January 2024. Explore more city profiles in our City Observatory.
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Disclaimer: The information in this article is intended to provide a general overview of Tel Aviv’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.
