Government Efficiency: IMD World Competitiveness Ranking
The IMD World Competitiveness Ranking, sourced from the IMD World Competitiveness Yearbook, includes an evaluation of government efficiency worldwide. This assessment measures the effectiveness of governments based on various factors, including policy formulation and implementation, public sector efficiency, and the institutional framework.
Here are the rankings for government efficiency according to the IMD World Competitiveness Ranking for different years:
In 2018, Hong Kong claimed the top position, followed by Switzerland in second place and Singapore in third place. Greece, Brazil, and Venezuela held rankings of 59th, 60th, and 61st, respectively.
In 2019, Hong Kong maintained its first place, with the United Arab Emirates in second place and Singapore in third place. Argentina, Brazil, and Venezuela ranked 59th, 60th, and 61st, respectively.
In 2020, Hong Kong retained the top spot, with Switzerland in second place and the United Arab Emirates in third place. Brazil, Venezuela, and Argentina held rankings of 59th, 60th, and 61st, respectively.
In 2021, Hong Kong remained in first place, with Switzerland in second place and the United Arab Emirates in third place. Brazil, Venezuela, and Argentina ranked 60th, 61st, and 62nd, respectively.
In 2022, Switzerland secured the first position, with Hong Kong in second place and the United Arab Emirates in third place. Brazil, Venezuela, and Argentina held rankings of 61st, 62nd, and 63rd, respectively.
The government efficiency rankings provide insights into the effectiveness of policy formulation, implementation, public sector efficiency, and the institutional framework of different countries. Higher index values indicate higher government efficiency.
