IMD World Digital Competitiveness Ranking 2020

Figure 5: Digital competitiveness ranking 2020 Bottom 10 Overall Rank

Future Readiness

Knowledge Technology

54 Mexico

52

56

52

55 Peru

55

58

55

56 Indonesia

63

54

48

57 Philippines

62

53

54

58 Ukraine

38

59

61

59 Argentina

50

62

47

60 South Africa

60

55

57

61 Colombia

59

61

50

62 Mongolia

58

60

59

63 Venezuela

61

63

63

Despite strong advancements in business agility, Colombia drops from 58 th place to 61 st . The decline originates largely in a downturn in the technological framework and adaptive attitudes sub-factors. In addition, Colombia experiences stagnation in several other aspects including talent, training and education, regulatory framework and capital.

Ukraine improves, moving up two spots from 60 th to 58 th , which is driven by gains in talent, particularly in the availability of digital/technological skills (40 th to 27 th ), e-participation (53 rd to 39 th ) and agility of companies (47 th to 33 rd ). Argentina remains in the 59 th spot. It experiences some improvements in the future readiness factor, especially in adaptive attitudes (57 th to 49 th ) and business agility (48 th to 39 th ). However, Argentina declines in talent (51 st to 56 th ), scientific concentration (50 th to 55 th ), regulatory framework (49 th to 57 th ) and capital (51 st to 62 nd ). As discussed previously, South Africa ranks 60 th (down from 48 th ) which represents the largest decline in this year’s overall digital competitiveness ranking.

Mongolia remains in the 62 nd place and Venezuela in the 63 rd of the overall digital competitiveness ranking.

Concluding Remarks

The Digital technologies remain at the core of strengthening the competitiveness of an economy. In particular, the role of knowledge generation and talent development in combination with effective regulation and infrastructure, continue to drive digital competitiveness.

Furthermore, the flexibility and adaptability of not only enterprises but of individuals sustain the digital progress of countries. This is particularly so in the current pandemic context in which flexibility and adaptability to upcoming digital technologies will enable societies to overcome the crisis.

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IMD WORLD DIGITAL COMPETITIVENESS RANKING 2020