Economic Output vs Workforce Catchment Matrix (Top 20)


Mega 25.0 London UK Cities


Despite featuring in the top 20 in this category, the major UK cities that feature may have a strong workforce catchment, but their overall economic output does not match that of their peer group in relative terms. There are some significant productivity gains to be had, if the ongoing investment into ‘UK devolution’ continues to gain ground.


London 22.5 20.0


Bristol Leeds


17.5 Utrecht 15.0 Edinburgh


Birmingham Manchester


Zurich Moscow Vienna


Amsterdam Munich


Helsinki Gothenburg Dublin Stockholm Copenhagen Oslo Frankfurt-aM Paris Paris


Paris runs a close second to London in this category, which is of significant merit when considering the workforce catchment score is significantly lower. If President Macron can continue to enact economic advancement via a re-orientation of the workforce Paris would give London a run for its money.


12.5


As a leading global centre of innovation, technology and financial and business services it is no surprise to see London ‘way out’ in front of the competition. To date, Brexit has been high on negative publicity but low on any tangible, negative strategic impact. This does not mean the eventual impact could be more significant, but the London economic eco-system is vast, established and highly diverse.


Mid-Size Small


10.0 5.07.5 10.0 12.5 Economic Output (25) Oslo


Oslo is something of an anomaly this high up the rankings, but the unique 'hyrdrocarbon wealth factor' certainly helps drive high output/per capita.


Dublin


Dublin grabs the headlines in 3rd place courtesy of very high productivity rates (and it is not all about tax) in terms of economic output (GVA) per employee, and the dominance of the city over not just its hinterland, but also the national economy.


Source: Colliers International, Oxford Economics, Eurobarometer, Eurostat, OECD Colliers International | Cities of Influence | Q1 2018 | EMEA 5 15.0 17.5 20.0


Workforce Catchment (25)


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