Public Finance Efficiency: IMD World Competitiveness Ranking

The IMD World Competitiveness Yearbook provides rankings and insights into the efficiency of public finance across different countries. It evaluates factors such as government spending, debt management, and financial stability to assess the efficiency of public finance in different economies. The rankings in this category indicate the relative performance and competitiveness of countries in terms of public finance efficiency.

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

In 2019, Hong Kong secured the first place in public finance efficiency, followed by Iceland in second place and the United Arab Emirates in third place. Argentina, Brazil, and Venezuela held rankings of 61st, 62nd, and 63rd, respectively.

In 2020, Norway claimed the first place, with Switzerland in second place and Hong Kong in third place. Japan, Argentina, and Brazil ranked 61st, 62nd, and 63rd, respectively.

In 2021, Switzerland secured the first place, followed by Qatar in second place and the United Arab Emirates in third place. Italy, Japan, and Brazil held rankings of 62nd, 63rd, and 64th, respectively.

In 2022, Norway secured the first place, followed by Hong Kong in second place and Switzerland in third place. Italy, Japan, and Brazil ranked 61st, 62nd, and 63rd, respectively.

These rankings provide insights into the efficiency of public finance in different countries. Higher index values indicate higher efficiency characterized by responsible government spending, effective debt management, and financial stability. By referring to these rankings and related reports, you can gain a better understanding of how countries perform in terms of public finance efficiency and the factors that contribute to their competitiveness.