Learning the 10 most competitive world economies

The International Institute for Management Development (IMD) evaluated 67 economies using over 250 indicators in 4 categories: economic performance, government efficiency, business efficiency, and infrastructure for the 2024 World Competitiveness Ranking. Check out top 10 most competitive economies.

1. SINGAPORE Singapore became the first country to achieve a 100% competitive economy according to the IMD WCR ranking.

2. SWITZERLAND Climbing a level, Switzerland reaches the 2nd position in the 2024 ranking.

3. DENMARK Denmark claims the 3rd position having dropped two levels after 2023.

4. IRELAND Losing two steps Ireland claims the 4th position.

5. HONG KONG Climbing two steps, Hong Kong secured 5th position.

6. SWEDEN Climbing two spots since 2023, Sweden claims the 6th position.

7. UAE UAE moves up 3 positions to the 7th place.

8. TAIWAN With a level decrease of two steps, Taiwan secures the 8th position.

9. NETHERLANDS Despite losing four levels since 2023, the Netherlands still ranks ninth.

10. NORWAY Norway climbs up to the 10th position surpassing Qatar.

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