London Beats New York as the World’s Leading Financial Center in the Latest Ranking

London bests New York on the just-released 2015 edition of the Global Financial Centres Index (GFCI). The two cities have seesawed back and forth on the rankings over the past few years and remain rivals for the position of the world’s most economically powerful city. Back in March, my own Global City Economic Power Index placed New York ahead of London overall.

The new report from GFCI ranks the world’s 84 leading financial cities based on a survey of nearly 3,200 financial services professionals along with data from the World Economic Forum, UN, and other sources. It scores financial centers across several dimensions: business environment, financial sector development, infrastructure, human capital, and reputational and general factors. The table below, from the report, lists world’s 43 leading financial centers.