Country Rankings on Global Competitiveness

Global Competitiveness Rankings

Scenic view of Marina Bay, Singapore

The IMD World Competitiveness ranks which countries are competitive in terms of enterprises. It covers 65 countries and uses 235 indicators from each of the ranked economies.

There are fours factors which were considered:

1) Economic performance;
2) Government efficiency;
3) Business efficiency; and
4) Infrastructure

The report showed that Singapore is the most competitive economy due to its advanced technological infrastructure, the availability of skilled labor, favorable immigration laws, and efficient ways to set up new businesses. This is followed by Hong Kong SAR, USA, Switzerland, and United Arab Emirates.

Meanwhile, the countries with least economic competitiveness are Venezuela, Mongolia, Argentina, Croatia, and Brazil.

2019 IMD World Competitive Ranking


Rank Country
1Singapore
2Hong Kong
3United States of America
4Switzerland
5United Arab Emirates
6Netherlands
7Ireland
8Denmark
9Sweden
10Qatar
11Norway
12Luxembourg
13Canada
14China
15Finland
16Taiwan
17Germany
18Australia
19Austria
20Iceland
21New Zealand
22Malaysia
23United Kingdom
24Israel
25Thailand
26Saudi Arabia
27Belgium
28South Korea
29Lithuania
30Japan
31France
32Indonesia
33Czech Republic
34Kazakhstan
35Estonia
36Spain
37Slovenia
38Poland
39Portugal
40Latvia
41Cyprus
42Chile
43India
44Italy
45Russia
46Philippines
47Hungary
48Bulgaria
49Romania
50Mexico
51Turkey
52Colombia
53Slovakia
54Ukraine
55Peru
56South Africa
57Jordan
58Greece
59Brazil
60Croatia
61Argentina
62Mongolia
63Venezuela

 

Source: IMD World Competitiveness Center
Full report: IMD World Competitiveness Ranking 2019