Netherlands no. 1 in Europe in 2018 IMD World Competitiveness Ranking
According to the 2018 IMD World Competitiveness Ranking, the Netherlands moves up one place and comes out as number one in Europe and fourth globally when it comes to competitiveness.
Marking its 30th edition this year, the IMD World Competitiveness Rankings emphasize a long-term trend highlighted in past editions – that the countries on the top of the list each have a unique approach to becoming competitive.
The top five most competitive economies in the world remain the same as in the previous year, but their order changes. The United States returns to the first spot, followed by Hong Kong, Singapore, the Netherlands and Switzerland. The Netherlands moves one place to 4th, swapping with Switzerland which moves down to 5th.
The ranking reports a balanced path to competitiveness for the Netherlands, as the country scores in the top 10 for economic performance as well as government and business efficiency.
The IMD World Competitiveness Center, a research group at IMD business school in Switzerland, has published the rankings every year since 1989. It compiles them using 258 indicators. ‘Hard’ data such as national employment and trade statistics are weighted twice as much as the ‘soft’ data from an Executive Opinion Survey that measures the business perception of issues such as corruption, environmental concerns and quality of life. This year 63 countries are ranked.
For more information visit the IMD website.