Competitiveness: Austria falls behind | DiePresse.com
Austria has fallen back to 20th place in the ranking. Denmark, which is considered the most digitally advanced country in the world, takes first place for the first time. Climber of the Year is Croatia.
In 2022, Austria fell back to 20th place out of 63 countries in the competitiveness ranking of the Lausanne business school IMD. In 2020 there was an improvement to 16th place, in 2021 a drop to 19th place. Austria does particularly badly in terms of government efficiency, where there was a drop from 25th to 34th place. Of the four categories, IMD rated infrastructure the best in relative terms, ranking 10th. 333 criteria are taken into account.
First place today went to Denmark, which improved from third place and pushed Switzerland into second place. Singapore went up from five to three. According to the sda news agency, Denmark is the most digitally advanced country in the world, has an agile corporate sector and attaches great importance to sustainability. In the study, the country occupies the top positions in the area of company performance and in the sub-components of productivity and corporate management.
USA in tenth place
Switzerland remains when it comes to the exemplary functioning of the state or the good infrastructure. There are good values for company performance (4th place), while economic performance (30) traditionally performs worse, mainly due to the high price level.
Disruptive factors such as inflation, the Ukraine war or delivery passes that are problematic for companies have led to major shifts in the ranking this year. In the top ten, Sweden slipped from second to fourth and neighboring Finland climbed from 11th to eighth. The US, meanwhile, remains in tenth place.
Newcomer of the Year: Croatia
The biggest leap forward in the table came from Croatia, from 59th to 46th place. The Croatians have improved in all main competitiveness indicators. In contrast, New Zealand slipped eleven places to 31st place. Large economies such as Great Britain (down five places) and Indonesia (down seven places) also developed weakly.
Germany is still 15th, France is 28th (29th) and Italy is still only 41st. At the end of the ranking, Venezuela is behind second-placed Argentina.
(APA)