An inside look at the 2017 World Competitiveness Rankings
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 IMD World Competitiveness Center, a research group at IMD business school in Switzerland, has published the rankings every year since 1989. It compiles them using 260 indicators, about two thirds of which come from ‘hard’ data such as national employment and trade statistics; and a third from more than 6,250 responses to an Executive Opinion Survey that measures the business perception of issues such as corruption, environmental concerns and quality of life. This year 63 countries are ranked with Cyprus and Saudi Arabia making their first appearance.
In our latest series of IMD Viewpoints Arturo Bris, IMD Professor and Director of the IMD World Competitiveness Center discusses the results: