Finland surpasses Germany in IMD’s Competitiveness Ranking

Finland is showing strength and positive trend in 2019 competitiveness benchmark made by the prestigious business management institute IMD‘s World Competitiveness Center. Finland surpassed Germany and placed 15th behind the top three, which were Singapore, Hong Kong, and the USA.

Economists regard competitiveness as vital for the long-term health of a country’s economy as it empowers businesses to achieve sustainable growth, generate jobs and, ultimately, enhance the welfare of citizens. The methodology behind the World Competitiveness ranking incorporates 235 indicators from each of the 63 ranked economies. The ranking takes into account a wide range of “hard” statistics such as unemployment, GDP and government spending on health and education, as well as “soft” data from an Executive Opinion Survey covering topics such as social cohesion, globalization and corruption.

You can check out the ranking results here.