The IMD World Competitiveness Ranking examines 63 countries around the world, ranking them according to the effect of factors such as government, taxation, productivity, and unemployment. You’ll find the list of the most competitive economies in the world in this post.
Using a combination of hard data and the results of various surveys filled out by entrepreneurs, chief executives, and business partners, IMD assesses each country across four categories in order to determine an overall ranking:
- Economic performance (i.e. trade, employment, domestic economy)
- Government efficiency (i.e. taxation, public spending)
- Business efficiency (i.e. labour market, productivity)
- Infrastructure (i.e. education, healthcare, technology)
IMD’s Top 1o Most Competitive Economies in the World 2024
| Country | IDM’s Competitive Score |
| Denmark | 100 |
| Switzerland | 98.92 |
| Singapore | 98.11 |
| Sweden | 97.71 |
| Hong Kong | 94.89 |
| Netherlands | 94.29 |
| Taiwan | 93.13 |
| Finland | 93.04 |
| Norway | 92.96 |
| United States of America | 89.88 |
Denmark, Switzerland, Singapore, Sweden, Hong Kong, Netherlands, Taiwan, Finland, Norway, and the United States are the most competitive economies in the world, according to IMD World Competitiveness Ranking 2022. Interestingly, these countries also rank high on the lists of largest economies and innovations in the world. Check them out!
1. Denmark
2. Switzerland
3. Singapore
4. Sweden
5. Hong Kong
6. Netherlands
7. Taiwan
8. Finland
9. Norway
10. United States
