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Global Financial Centres Index

Ranking of the competitiveness of financial centres

The Global Financial Centres Index (GFCI) ranks the competitiveness of financial centres based on over 29,000 assessments from an online questionnaire and over 100 indices from organisations such as the World Bank, the Organisation for Economic Co-operation and Development (OECD), and the Economist Intelligence Unit. It was first published in March 2007. It has been jointly published twice per year by the London-based think tank Z/Yen and the China Development Institute since 2015. It is widely quoted as a top source for ranking financial centres.

GFCI 38 (September 2025)

Rank	Centre	Rating	Change in rank	Change in rating
1	USA New York City	766		3
2	GBR London	765		3
3	HKG Hong Kong	764		4
4	SGP Singapore	763		13
5	USA San Francisco	754		5
6	USA Chicago	753		7
7	USA Los Angeles	752		7
8	CHN Shanghai	751		7
9	CHN Shenzhen	750		7
10	KOR Seoul	749		7
11	UAE Dubai	748	1	8
12	GER Frankfurt	747	1	6
13	USA Washington, D.C.	746		7
14	SUI Geneva	745	1	8
15	JPN Tokyo	744	7	14
16	SUI Zurich	743	5	12
17	USA Boston	742	2	9
18	FRA Paris	741	1	6
19	LUX Luxembourg	740	3	4
20	IRE Dublin	739	6	1

Financial centre profiles (GFCI 36, September 2024)

The report ranks international financial centres into the following matrix:

Level	Broad and deep
Global leaders	Relatively broad
Global diversified	Relatively deep
Global specialists	Emerging
Global contenders	Level	Broad and deep
Established international	Relatively broad
International diversified	Relatively deep
International specialists	Emerging
International contenders	Level	Broad and deep
Established players	Relatively broad
Local diversified	Relatively deep
Local specialists	Emerging
Evolving centres
Global
International
Local

References

(24 March 2022). "New York widens lead over London in top finance centres index". Reuters.
"The Global Financial Centres Index - Long Finance".
(October 2014). "Comparison of Global Financial Center".
(17 March 2014). "New York Strips London of Mantle as World's Top Financial Center". Bloomberg L.P..
(1 October 2014). "New York and London vie for crown of world's top financial centre". The Financial Times.
"GFCI 38 Rank - Long Finance".
"GFCI 37 Rank - Long Finance".

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