“Robust international trade fuels its strong economic performance, whilst its scientific infrastructure and health and education systems show steadfast displays,” an IMD report said on Tuesday.
Of the 63 countries assessed, Venezuela fared the worst, ahead of Argentina and Mongolia in 62nd and 61st places, respectively.
In their report, IMD researchers highlighted the strength of smaller economies.
“The benefit of small economies in the current crisis comes from their ability to fight a pandemic and from their economic competitiveness. In part these may be fed by the fact it is easy to find social consensus,” stated Arturo Bris, director of the IMD World Competitiveness Center.
This year’s results are a combination of hard data on economic performance taken from 2019 and survey responses of mid- and upper-level managers from early 2020. For the first time, this edition includes additional criteria to take into account a country’s progress towards achieving the United Nations Sustainable Development GoalsExternal link.
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Swiss money laundering office registers record number of reports
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Two teens accused of planning terror attack released from custody
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The Schaffhausen judiciary has released the two teenagers from custody who allegedly planned bomb attacks in Switzerland.
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Are Switzerland’s politics behind its high competitiveness?
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Switzerland maintains enviable economic conditions and consistently tops global competitiveness rankings. Is this down to its system of government?
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The World Intellectual Property Organization has again named Switzerland the most innovative country. Where is there room for improvement?
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If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.