These are the world’s most competitive economies in 2023

By 2028, the world’s economic power will be in Asian hands, according to an analysis by the International Monetary Fund (IMF). At present, meanwhile, Europe dominates the competitiveness ranking with several economies in the area among the top ten, according to this year’s ‘World Competitiveness Ranking’, prepared by the Swiss business school Institute for Management Development (IMD).

Europe dominates the competitiveness rankings with several European economies in the top ten, including the top three. Although Asia also has three economies in the top ten, its largest economies, China, India, Japan and South Korea, are notably absent.

Instead, it is Singapore, Taiwan and Hong Kong that achieve the highest scores in the region. The European countries in the top 10 are: Denmark, Ireland and Switzerland, all three in the first places. The Netherlands and Sweden are in fifth and eighth place.

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