Germany becomes more competitive

The Swiss institute compares 55 economies every year for the World Competitiveness Yearbook. In the latest edition, Germany has improved its overall ranking from place 25 to place 16. This is
the greatest improvement achieved by any of the countries covered by the study.

Germany’s ranking improves across the board

The study is based on more than 300 criteria. Two thirds of these are accounted for by statistical data, while the other third is based on surveys of international experts. The criteria are
then broken down into four priority areas: economic performance, business efficiency, government efficiency and infrastructure.

It is particularly encouraging to note that Germany improved its position in all four sections. The improvement was most marked in economic performance, where Germany ranked eighth, moving up
twelve places from the previous year. Exports were an important factor, with Germany ranked as the world’s top exporter. The experts also saw Germany’s increasing attractiveness for foreign
investors as a positive factor.

Government efficiency on the up and up

Germany also got good marks for the work of the government. Government efficiency jumped five places as compared to the year before. The excellent infrastructure came in for special mention as
a major advantage. From an already strong seventh place, Germany managed to improve its ranking by another two places.

According to the study, the most competitive country in the world remains the United States as in the previous year. Luxembourg has the best competitive position of the European countries,
moving up five places to rank fourth overall.

The International Institute for Management and Development (IMD) is based in Lausanne and is one of the world’s leading business universities. In 1989 the World Competitiveness Center was
founded as part of the IMD. For seventeen years, the study of the competitiveness of numerous states has been published once a year.

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