IMD World Competitiveness Booklet 2023

Competitiveness Country Profiles

United Kingdom Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

London

244 2022

18

19

0,811 2022

23

23

Exchange rate (per $)

29

Population - market size (millions) 67,80 2022 12 Gross Domestic Product (GDP) (US$ billions) 3.059,4 2022 06 GDP (PPP) per capita (US$) 55.693 2022 23 Real GDP growth (%) 4,0 2022 31 Consumer price inflation (%) 9,07 2022 41 Unemployment rate (%) 3,71 2022 16 Labor force (millions) 34,01 2022 12 Current account balance (% of GDP) -5,57 2022 53 Direct investment stocks inward ($bn) 2.634,2 2021 02 Direct investment flows inward (% of GDP) 0,19 2021 58

COMPETITIVENESS LANDSCAPE

Economic Performance Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices Attitudes & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

9 13

11

17 21

18

18

22

24

24

29

33

34

38 37 38

43

45 42

63

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries)

POPULATIONS > 20 MILLION (27 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

12

6

6

13

14

7

16

8

20

10

117