IMD World Competitiveness Booklet 2020

Table 1. Sub-regional competitiveness average ranking positions, sub-factor level

EconomicPerformance

Government Efficiency

Tax

International Trade

Prices

Public

Policy

Finance

Societal

Business

Economy

Domestic

Legislation

Framework

Framework

Investment

Institutional

Employment

International

30.0 18.9 31.0 32.3 31.0 42.8 46.0 47.7

Eastern Asia

16.2 24.6 23.7 37.7 39.3 45.3 52.5

26.4 27.4 40.7 25.8 30.7 38.2 33.0 43.8

22.6 44.7 19.3 15.5 14.9 41.9 22.3 33.0

21.8 19.4 29.3 30.5 34.4 41.2 55.7 50.7

26.4 14.6 31.3 33.6 42.9 39.2 45.3 56.2

29.6 24.3 46.3 29.5 34.6 23.4 56.0 56.8

15.0 22.7 13.7 29.9 35.1 51.1 43.0 40.2

16.6 32.1 16.7 20.6 35.0 37.0 46.7 46.5

47.8 39.8 25.3 31.9 21.0 21.7 25.0 34.5

Western Europe North America

Southern Asia& the Pacific 26.3

Western Asia&Africa

Eastern Europe

Ex-CIS and Central Asia

South America

Business Efficiency

Infrastructure

Basic

Labour

Market

Finance

Management Practices

Scientific

Attitudes

Education

Health and

and Values

&Efficiency

Productivity

Environment

Infrastructure

Technological

Infrastructure

Infrastructure

10.2 20.0 22.0 33.9 37.4 42.8 48.7 54.3

23.6 14.1 25.7 39.3 44.9 38.9 58.7 47.2

23.8 16.4 27.0 37.4 42.1 36.9 45.7 55.0

25.4 25.2 24.7 27.1 31.4 42.5 46.0 42.0

19.4 27.4 30.0 22.9 22.6 45.4 43.7 48.7

24.0 21.5 25.7 31.3 33.1 42.0 40.7 50.3

13.8 20.8 25.7 30.1 38.3 39.4 50.7 56.7

27.0 18.2 24.0 31.4 37.3 53.3 57.7

22.2 28.2 19.3 15.5 29.1 49.7 44.3 42.5

19.6 19.7 20.3 25.6 33.6 49.5 51.0 49.3

Eastern Asia

Western Europe North America

Southern Asia& the Pacific 36.1

Western Asia&Africa

Eastern Europe

Ex-CIS and Central Asia

South America

Note: the darkest green – highest ranking average position, lightest green – lowest position

In the government efficiency factor, Eastern Asia, Western Europe and Southern Asia and the Pacific dominate the rankings. Western Europe takes centerstage in the international framework, business legislation and societal framework sub-factors where tax policy is the area where improvement can make a difference. All these are sub-factors in which Eastern Asia performs excellently as well.

In the area of tax policy, Western Asia and Africa as a region leads the rankings followed by Southern Asia and the Pacific, and North America. Public finance, an important sub-factor of the post-COVID-19 era is led by Southern Asia and the Pacific, followed by Eastern Asia then Northern Europe The business efficiency factor is led by Western Europe, followed by Eastern Asia, North America

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IMD WORLD COMPETITIVENESS BOOKLET 2020