The World Competitiveness Ranking measures 63 of the world’s economies’ ability to create a competitive business environment, foster prosperity and generate revenues. The ranking is based on four main factors: economic performance, government efficiency, business efficiency and infrastructure.
"Countries at the top of the rankings share an above average performance across all competitiveness factors, but their competitiveness mix varies”, said Director of the IMD World Competitiveness Center, Arturo Bris.
Norway performs particularly well on infrastructure, business and government efficiency, landing on a 8th place. This is three places up for Norway, which was ranked as the 11th most competitive country in 2017.
USA is on top of the ranking, due to the country’s strength in economic performance and infrastructure. Hong Kong and Singapore follows on second and third place. India landed a 44th place in the ranking, moving up one spot from last year.
The World Competitiveness Ranking is based on an annual report published by the International Institute for Management Development (IMD). Read more about the results at IMD’s webpage.