The global financial centres index (GFCI) 3 - Z/Yen

The Global Financial Centres Index
all significant international financial centres.
Source: Dariusz Wojcik – Oxford
University Centre for the Environment and
St. Peter’s College
The International Finance Location Quotient,
Dariusz Wojcik (June 2007) – This displays the
relation of a country’s share in international
financial services to its share of GDP in a
sample of 41 countries that account for 91% of
world’s GDP (i.e. all major world economies).
Countries with high IFLQ have a developed
international financial services sector but the
higher the score, the more dependent their
economy is on international financial services.
Source: Dariusz Wojcik – Oxford
University Centre for the Environment
and St. Peter’s College
The International Finance Diversity Index,
Dariusz Wojcik (June 2007) – This is a measure of
the diversification of a country’s international
financial services sector. Financial services are
divided into four major groups: external bank
loans and deposits, international debt
securities, trading of cross-listed stocks and
over-the-counter foreign exchange plus
derivatives based on interest rates. The more
these services are diversified the higher the
value of the index, a value of 1 meaning that
the four major groups are equally diversified
and a value of 0 meaning that the relevant
country’s whole international financial sector is
based on only one of these groups.
Source: Dariusz Wojcik – Oxford
University Centre for the Environment and St.
Peter’s College
prime office locations, covering 111 business
districts in 43 countries worldwide, comparing
the occupancy costs per workstation as
opposed to unit area, in order to better reflect
the true costs of accommodation. To facilitate
ranking on a global scale, total occupancy
costs per workstation are expressed in US$.
Source: www.propertyoz.com.au
Office Space Across The World, Cushman &
Wakefield (February 2007) 1 – A report
focusing on occupancy costs across the globe
over the preceding twelve months, ranking the
most expensive locations in which to occupy
office space.
Source: www.cushmanwakefield.com
Competitive Alternatives Survey, KPMG
(January 2006) – A measure of the combined
impact of 27 cost components that are most
likely to vary by location, as applied to specific
industries and business operations. The
eight-month research programme covered
128 centres in nine industrialised countries,
examining more than 2,000 individual business
scenarios, analysing more than 30,000 items of
data. The basis for comparison is the after-tax
cost of start-up and operations, over ten years.
Source: www.competitivealternatives.com
Offices With Air Conditioning, Gardiner &
Theobald (June 2007) – Using data from the
International Construction Cost Survey.
The GFCI uses the mid point of the lowest and
highest cost of an office with air conditioning
(given in US$ per square foot).
Source: www.gardiner.com
Relative Global Network Connectivity,
Mastercard (March 2007) – This study examines
the patterns of connection between centres
through the office networks of 100 leading firms
offering specialised corporate services to the
financial sector (including law, advertising,
consulting, accounting and insurance).
Source: www.mastercard.com
Instrumental Factors for Infrastructure
Global Office Occupancy Costs, DTZ (June
2007) – A guide to accommodation costs in
European Cities Monitor, Cushman & Wakefield
(October 2007) 1 – An annual study examining
the issues that companies regard as important
in deciding where to locate their business.
There are a total of twelve issues and the
overall scores are based on survey responses
from 507 companies in nine European
countries, with each respondent ordering the
twelve issues in terms of importance.
A weighting system is then used to determine
the overall city scores.
Source: www.cushmanwakefield.com
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