Stockholm climbs in competitiveness rankings

Sweden's capital Stockholm has been ranked the eighth most competitive city in the world, and is likely to maintain its ability to attract investment, tourists and workers until 2025, according to a new global study.

The study, conducted for Citigroup by the Economist Intelligence Unit, ranked 120 cities around the globe on their competitiveness now and into 2025. Competitiveness is defined as a city's ability to attract investment, workers and tourists, among other measures.

Stockholm climbed five points in the 2013 charts, recording the biggest jump from last year out of all the top ten cities, highlighting the city's success as a hub of innovation and reflecting the country's stable economy. The Swedish capital was one of  three European cities — alongside London and Paris — in the top 10.

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