Singapore ranked world's most competitive economy in 2024
Singapore has been ranked the world's most competitive economy this year, according to a survey by academic institute IMD. Switzerland is second in place, with Denmark in third. Over 6,000 business leaders rated Singapore out of 67 economies. They cited three top factors: Business efficiency in the form of a strong labour market, good attitudes and values locally, and technological infrastructure. Professor Arturo Bris, who leads the World Competitiveness Ranking at IMD, shared why this ranking matters to Singapore.
Singapore has been ranked the world's most competitive economy this year, according to a survey by academic institute IMD. Switzerland is second in place, with Denmark in third. Over 6,000 business leaders rated Singapore out of 67 economies. They cited three top factors: Business efficiency in the form of a strong labour market, good attitudes and values locally, and technological infrastructure. Professor Arturo Bris, who leads the World Competitiveness Ranking at IMD, shared why this ranking matters to Singapore.
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