This Is the Most Competitive Country in the World

Economy

Published: June 16, 2022 8:30 am

The International Institute for Management Development’s World Competitiveness Center (WCC) releases its most competitive countries list every year. According to the 2022 edition, “It provides benchmarking and trends, as well as statistics and survey data based on extensive research. It analyzes and ranks countries according to how they manage their competencies to achieve long-term value creation.”

The yardsticks measure data from 63 economies. The rankings are based on 333 factors. Among other things, this includes feedback from companies, educational institutions and government agencies.

Denmark topped the list. Professor Arturo Bris, director of the WCC, commented: “Denmark has played extremely aggressively on the sustainability front and benefits from being a small country in the European market.” It did well in such categories as business legislation, “societal” framework, productivity and management practices. Other factors were life expectancy at birth and universal health coverage.

The United States ranked 10th in the survey.

Here are the 50 most competitive countries in the world:

2022 Rank	Country	2021 Rank
1	Denmark	3
2	Switzerland	1
3	Singapore	5
4	Sweden	2
5	Hong Kong SAR	7
6	Netherlands	4
7	Taiwan, China	8
8	Finland	11
9	Norway	6
10	USA	10
11	Ireland	13
12	UAE	9
13	Luxembourg	12
14	Canada	14
15	Germany	15
16	Iceland	21
17	China	16
18	Qatar	17
19	Australia	22
20	Austria	19
21	Belgium	24
22	Estonia	26
23	United Kingdom	18
24	Saudi Arabia	32
25	Israel	27
26	Czech Republic	34
27	Korea Rep.	23
28	France	29
29	Lithuania	30
30	Bahrain	new
31	New Zealand	20
32	Malaysia	25
33	Thailand	28
34	Japan	31
35	Latvia	38
36	Spain	39
37	India	43
38	Slovenia	40
39	Hungary	42
40	Cyprus	33
41	Italy	41
42	Portugal	36
43	Kazakhstan	35
44	Indonesia	37
45	Chile	44
46	Croatia	59
47	Greece	46
48	Philippines	52
49	Slovak Republic	50
50	Poland	47