Highest rated city 2025

Copenhagen

Most improved city

Singapore

Most declined city

Dhaka

Info How are cities rated? How are cities rated?
 City ratings combine 27 key indicators to show how open, progressive, and competitive each city is. The ratings model is split into two main categories: Economic Competitiveness and LGBTQ+ Inclusiveness. For more information on how cities are rated, refer to our methodology.
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Western Europe

Most improved region

Most declined region

Latin America and the Caribbean

Info How are regions aggregated? How are regions aggregated?
 The most improved/declined regions are determined by the average change in Open for Business rating from 2022 to 2025 for all cities in the region.
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Region View

City ratings

City is fully open for business City is partially open for business City is not open for business

AAA

Amsterdam

Geneva ▲

Stockholm

Zurich

AA

Atlanta

Boston ▼

Calgary

Dallas ▲

Edinburgh

Helsinki ▼

Los Angeles

Melbourne

Montreal

Oslo ▼

Perth

Sydney

Washington DC

Adelaide

Barcelona

Birmingham

Frankfurt

Lyon ▲

Ottawa ▼

Singapore ▲

Vienna ▼

Copenhagen

London ▼

Toronto

Berlin ▼

Brisbane ▲

Chicago

Dublin ▼

Glasgow

Houston ▲

Luxembourg

Minneapolis

Munich

New York City

San Francisco

Vancouver

A

Auckland ▼

Belfast

Brussels

Hamburg

Madrid

Paris ▼

Stuttgart

Basel

Wellington ▼

Bern

▼ City has declined since 2022 ▲ City has improved since 2022 ✷ New city

BBB

Lisbon

Tel Aviv

BB

Hong Kong

Milan

Rome

Tokyo ▼

B

Athens

Seoul ▼

Yokohama

CCC

Bangkok ▲

Budapest ▼

Busan

Montevideo ▼

Santiago ▼

Sao Paulo ▼

Wroclaw ▲

Belgrade▼

Doha

Kuala Lumpur ▼

Panama City

Chennai

Prague ▲

Taipei ▼

Ljubljana

Osaka

Tallinn ▼

Nagoya

Vilnius ▼

Bratislava

Buenos Aires ▼

✶ Krakow

Riga ▼

San Jose▼

Warsaw ▼

Zagreb ▲

CC

Abu Dhabi

Brasilia

Bucharest

Dubai

Mexico City

Bogota

✶ Bridgetown

Cape Town ▼

Johannesburg

Sofia

Rio De Janeiro ▼

C

Durban ▼

Kingston ▲

Medellin ▼

Shanghai

Delhi

Hyderabad ▲

Mumbai

Monterrey

Lima

Bangalore

▼ City has declined since 2022 ▲ City has improved since 2022 ✷ New city

Guadalajara ▼

DDD

Guangzhou

Istanbul

Manila ▼

Santo Domingo

Tirana

Beijing ▼

Port of Spain

DD

Almaty

Chongqing ▼

Ho Chi Minh City ▼

Kuwait City

Quito ▼

Sarajevo

Moscow

Amman ▼

Cairo

Dakar ▲

✶ Kampala

Phnom Penh ▼

Tunis ▼

Addis Ababa

Dar es Salaam

Guatemala City ▼

Tegucigalpa ▼

Kyiv

Skopje

Casablanca ▲

Hanoi ▼

Jakarta

La Paz ▼

Rabat ▲

St Petersburg

D

Asuncion ▼

Colombo ▼

✶ Kigali

Nairobi

San Salvador

E

Baku

Dhaka ▼

Lagos

Tehran

Tbilisi ▼

▼ City has declined since 2022 ▲ City has improved since 2022 ✷ New city