The International Institute for Management Development (IMD), a Switzerland-based private business school, has published the IMD World Competitiveness Ranking 2017. The World Competitiveness Center research group has ranked nations on their competitiveness on the global business stage since 1989.
The world’s most competitive countries continue to jostle for the top positions in the 2017 IMD World Competitiveness Yearbook, as the USA is pushed out of the top three. Hong Kong has consolidated its dominance of the annual rankings compiled by the IMD World Competitiveness Center, taking the top spot for the second year. Switzerland and Singapore came in second and third, with the USA ranking fourth, its lowest position in five years and down from third last year. The Netherlands completed the top five, jumping up from eighth last year. The indicators that stood out among the most improved countries are related to government and business efficiency as well as productivity.
For the first time this year, the IMD World Competitiveness Center is publishing a separate report ranking countries’ digital competitiveness. Indicators for technology and scientific infrastructure are already included in the overall rankings. The new Digital Competitiveness Ranking, however, introduces several new criteria to measure countries’ ability to adopt and explore digital technologies leading to transformation in government practices, business models and society in general. At the top of the ranking is Singapore, followed by Sweden, the USA, Finland and Denmark.
You can check the IMD World Competitiveness Ranking 2017 results here.