Productivity & Efficiency: IMD World Competitiveness Ranking

The IMD World Competitiveness Yearbook provides rankings and insights into productivity and efficiency trends across different countries. It assesses factors such as labor productivity, resource utilization, and process optimization to evaluate the productivity and efficiency levels in different economies. The rankings in this category indicate the relative performance and competitiveness of countries in terms of productivity and efficiency.

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

In 2019, Ireland secured the first place in productivity and efficiency, followed by the United Arab Emirates in second place and Norway in third place. Brazil, Mongolia, and Venezuela held rankings of 61st, 62nd, and 63rd, respectively.

In 2020, Denmark claimed the first place, with Ireland in second place and Norway in third place. Brazil, Mongolia, and Venezuela ranked 61st, 62nd, and 63rd, respectively.

In 2021, Denmark maintained the first-place position, followed by Norway in second place and Sweden in third place. Argentina, Mongolia, and Venezuela held rankings of 62nd, 63rd, and 64th, respectively.

In 2022, Denmark secured the first place, followed by Switzerland in second place and Norway in third place. Peru, Mongolia, and Venezuela ranked 61st, 62nd, and 63rd, respectively.

These rankings provide insights into the productivity and efficiency levels in different countries. Higher index values indicate higher productivity and efficiency characterized by effective resource utilization, optimized processes, and high labor productivity. By referring to these rankings and related reports, you can gain a better understanding of how countries perform in terms of productivity and efficiency and the factors that contribute to their competitiveness.