CATALAN ECONOMY

Barcelona is the 4th most innovative city in Europe in 2019

05.12.2019

  • A report by Barcelona City Council and the Chamber of Commerce highlights that Barcelona continues to attract talent (5th city in the world) and foreign investment (7th).
  • The study also says that the Catalan capital is the third preferred city in Europe to set up a startup and one of the 25 cities with the most global competitiveness.

4th-innovative-city

Barcelona is among the leading cities in Europe and the world in terms of innovation, competitiveness, and in attracting talent and foreign investment. These are some of the main conclusions of the 17th annual report from the Barcelona Observatory, a joint initiative by Barcelona Chamber of Commerce and Barcelona City Council. The document compares Barcelona with the main European cities and around the world in areas like economic activity pole, labor market and training, knowledge society or quality of life, among others.

The report shows the good health of the city in innovation (4th in Europe and 21st in the world), competitiveness (22nd), digital talent attraction (5th) and foreign investment projects (7th), among 33 world reference indicators.

A leading city in innovation, competitiveness and technology

Barcelona is ranked for the first time as the 4th most innovative city in Europe in 2019, only behind London, Paris and Berlin, and the 21st in the world among the 500 cities analyzed by Innovation Cities Index by 2thinknow. The city experiences very good progress in this area: it raises four positions in the European classification and nine in the world-wide in relation to 2018.

Regarding competitiveness, the Catalan capital is the 22nd city with the most global competitiveness for the fourth consecutive year, according to the Global Power City Index 2019 of the Mori Memorial Foundation.

Considering the attraction of foreign investment projects, the KPMG's Global Cities Investment Monitor 2019 report places Barcelona in the 7th position among the main urban areas of the world in attracting greenfield investment projects in 2018. The report highlights Barcelona’s capacity to attract R&D projects, as it is ranked as the 4th global area -with 29 projects- and only behind Paris, Singapore and Bangalore.

Europe's 3rd favorite city to set up a startup, behind London and Berlin

According to the prestigious StartUp Heatmap Europe 2019, Barcelona is ranked as the 3rd most preferred city in Europe to set up startup for the third consecutive year, ahead of Paris, Amsterdam or Munich. On the other hand, according to the European Commission, Barcelona is the 7th city in Europe with more scaleups, startup technological companies founded in the new millennium that have raised more than one million dollars in funding per year 2018, ahead of Amsterdam, Copenhagen or Madrid.

Barcelona is the 5th most attractive city in the world for digital talent that wants to work abroad according to the Decoding Global Talent 2019 from The Boston Consulting Group, just behind London, New York, Berlin and Amsterdam.

A reference in education excellence and work-personal life balance

In terms of education, Barcelona is the only European city with two academic institutions (IESE and ESADE) among the top 10 business schools in the world, according to the Financial Times. The Observatory has also concluded that Barcelona is the 4th city in the world that organizes the greatest number of congresses and the 1st in number of representatives that attend these fairs.

The report includes, for the first time, a ranking that classifies the best cities to combine work and personal life, where Barcelona places the 8th position in the world, ahead of cities like Paris or Vancouver and only behind Helsinki, Munich, Oslo, Hamburg, Stockholm, Berlin and Zurich.

Source: Barcelona Chamber of Commerce and Catalan News

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