The city is a global centre of art, science, technology, finance, publishing, culture, innovation, education, business, and tourism and enjoys a very high standard and quality of living, reaching first in Germany and third worldwide according to the 2018 Mercer survey, and being rated the world's most liveable city by the Monocle's Quality of Life Survey 2018. According to the Globalization and World Rankings Research Institute Munich is considered an alpha-world city, as of 2015[update]. Munich is a major international center of engineering, science, innovation, and research, exemplified by the presence of two research universities, a multitude of scientific institutions in the city and its surroundings, and world class technology and science museums like the Deutsches Museum and BMW Museum. Munich houses many multinational companies and its economy is based on high tech, automobiles, the service sector and creative industries, as well as IT, biotechnology, engineering and electronics among many others.
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