Business Efficiency: IMD World Competitiveness Ranking - Dec. 31, 2022

The IMD World Competitiveness Ranking assesses business efficiency in different countries, considering factors such as operational efficiency, business agility, employee productivity, and corporate practices. These rankings provide insights into the competitive business landscape of various countries.

Here are the rankings for business efficiency according to the IMD World Competitiveness Ranking for different years:

In 2018, Hong Kong secured the top position, followed by the United Arab Emirates in second place and Denmark in third place. Mongolia, Croatia, and Venezuela held rankings of 59th, 60th, and 61st, respectively.

In 2019, the United Arab Emirates claimed the first place, with Hong Kong in second place and Ireland in third place. Mongolia, Venezuela, and Croatia ranked 59th, 60th, and 61st, respectively.

In 2020, Denmark emerged as the top country for business efficiency, with Hong Kong in second place and Sweden in third place. Slovakia, Argentina, and Croatia held rankings of 59th, 60th, and 61st, respectively.

In 2021, Denmark retained its first place, with Sweden in second place and Hong Kong in third place. Venezuela, Argentina, and Croatia ranked 60th, 61st, and 62nd, respectively.

In 2022, Denmark secured the first position, followed by Sweden in second place and Finland in third place. Switzerland, Spain, and South Africa held rankings of 61st, 62nd, and 63rd, respectively.

The business efficiency rankings reflect the operational efficiency, business agility, productivity, and corporate practices in different countries. Higher index values indicate higher business efficiency.