Saturday, 22 May 2010

Ukraine ranks 57 in the World Competitiveness Yearbook 2010

Ukraine ranked 57 in the World Competitiveness Yearbook 2010 by the IMD business school of Lausanne, Switzerland, based on a study of 58 national economies (2009 rankings in parentheses).

For the first time in decades, Singapore (1) and Hong Kong (2) have topped the USA (3) in IMD’s World Competitiveness Yearbook rankings. They are so close, however, that it would be better to define them as the leading “trio”. In the first 10 places: Australia (5), Taiwan (8) and Malaysia (10) also benefit from strong demand in Asia. Switzerland (4) maintains an excellent position characterized by strong economic fundamentals (very low deficit, debt, inflation and unemployment) and a well-defended position on export markets. Sweden (6) and Norway (9) shine for the Nordic model, although Denmark (13) surprisingly loses ground, in particular due to the pessimistic mood expressed in the survey.

Not surprisingly Germany (16) leads the larger “traditional” economies such as the UK (22), France (24), Japan (27) and Italy (40). Despite a significant budget deficit and growing debt, Germany’s performance is driven by strong trade (second largest exporter of manufactured goods), excellent infrastructure, and a sound financial reputation. It was also to be expected that China (18) would lead the other BRIC nations, followed by India (31), Brazil (38) and Russia (51). And of course the credit-worthiness storm that affects Southern Europe acts as a drag on the performance of Spain (36), Portugal (37) and Greece (46).

Complete list:



1. Singapore (3)

2. Hong Kong (2)

3. United States (1)

4. Switzerland (4)

5. Australia (7)

6. Sweden (6)

7. Canada (8)

8. Taiwan (23)

9. Norway (11)

10. Malaysia (18)

11. Luxembourg (12)

12. Netherlands (10)

13. Denmark (5)

14. Austria (16)

15. Qatar (14)

16. Germany (13)

17. Israel (24)

18. China (20)

19. Finland (9)

20. New Zealand (15)

21. Ireland (19)

22. Britain (21)

23. South Korea (27)

24. France (28)

25. Belgium (22)

26. Thailand (26)

27. Japan (17)

28. Chile (25)

29. Czech Republic (29)

30. Iceland (-)

31. India (30)

32. Poland (44)

33. Kazakhstan (36)

34. Estonia (35)

35. Indonesia (42)

36. Spain (39)

37. Portugal (34)

38. Brazil (40)

39. Philippines (43)

40. Italy (50)

41. Peru (37)

42. Hungary (45)

43. Lithuania (31)

44. South Africa (48)

45. Colombia (51)

46. Greece (52)

47. Mexico (46)

48. Turkey (47)

49. Slovakia (33)

50. Jordan (41)

51. Russia (49)

52. Slovenia (32)

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