Prague is becoming a strong leader among the world metropoles and attracts more and more talents and human capital each year. According to the ‘Prosperity and Inclusion in Cities Seal and Awards’ (or PICSA) Index, prepared by the strategic consulting company D&L Partners, Prague ranked 13th out of 113 world cities in the ranking of quality of life. Various key index criteria were taken into account, including personal safety, access to healthcare and education, affordability of housing, environmental quality or income per capita (GDP).
The PISCA Index shows Prague as an inclusive city with rich social and cultural life which offers an environment that allows all residents to flourish. In order to implement all the aspects of economic and social inclusion, Prague has put factors like health, housing affordability and quality of life alongside jobs, skills and incomes on the top of the list of its priorities. It attempts to respond to citizens’ expectations by nurturing people’s skills and creating a favourable business environment that can expand opportunities for all urban residents.
Of the Top-20 cities in the Index, fifteen are located in Europe, four in North America and one in Asia. Prague ranked ahead of the world´s wealthiest cities such as Hong Kong, New York, Tokyo or London. D&L Partners assessed the quality of life in cities on the premise of three pillars. The first consists of income levels, including what inequalities exist in cities and access to opportunities people have for example educational opportunities. The second pillar deals with non-income well-being of different social groups and how different groups of the population can participate in society. The third pillar then measures the quality of the infrastructure, the availability of housing or sufficient job opportunities.