These are the most competitive economies in the world (infographic)

15 October 2019
496 Views

Last week, the World Economic Forum released its annual study on the competitiveness of the global economy. One of the most important takeaways from the report was an index ranking assessing the microeconomic and macroeconomic foundations of national competitiveness. The World Economic Forum benchmarked the competitiveness of 141 economies through 103 indicators (on a scale from 0 to 100) organized into 12 themes to determine how close an economy is to the “frontier” of competitiveness.

Singapore overtook to the United States to become the world’s most competitive economy in 2019, scoring 84.3 points out of 100 and doing particularly well across macroeconomic stability, infrastructure, innovation capability and its labor market. Even though the U.S. slipped into second place with 83.7 points, the report notes that it remains an “innovation powerhouse”, ranking first on the business dynamism pillar, second on innovation capability and first for finding skilled workers. Vietnam was one of the top performers over the past year, jumping 10 places since last year to rank 67th. It has been one of the winners of the bitter trade war between Washington and Beijing, seeing its exports from the U.S. climb 36 percent in the first five months of 2019.

You may be interested

Coronavirus Greece: 1,606 new cases, 781 intubated
GREECE
shares35 views
GREECE
shares35 views

Coronavirus Greece: 1,606 new cases, 781 intubated

makis - Apr 12, 2021

Greek authorities announced that the new laboratory-confirmed cases of coronavirus recorded in the last 24 hours are 1,606, of which…

US: There will be costs if Russia acts against Ukraine
DEFENCE
shares36 views
DEFENCE
shares36 views

US: There will be costs if Russia acts against Ukraine

Panos - Apr 12, 2021

U.S Secretary of State Antony Blinken on Sunday said: “it would be a serious mistake” for China to strike at…

Kikilias: The plan is for vaccinations of healthy people in their 40s to begin in June
GREECE
shares35 views
GREECE
shares35 views

Kikilias: The plan is for vaccinations of healthy people in their 40s to begin in June

Panos - Apr 12, 2021

If everything goes according to plan and deliveries for the second quarter are made on time, vaccinations of healthy people…

Leave a Comment

Your email address will not be published.