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Economy

This Is the Most Competitive Country in the World

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By Douglas A. McIntyre Published
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This Is the Most Competitive Country in the World

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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.
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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

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Click here to see which are the richest countries in the world.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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