Singapore overtakes Switzerland as world's most competitive economy in IMD ranking
newsare.net
Singapore has reclaimed the top spot in the 2026 edition of IMD's World Competitiveness Rankings, overtaking Switzerland who placed first last year.Released on Thursday (June 18), the rankings assessed 70 economies based on four competitiveness factors — ecSingapore overtakes Switzerland as world's most competitive economy in IMD ranking
Singapore has reclaimed the top spot in the 2026 edition of IMD's World Competitiveness Rankings, overtaking Switzerland who placed first last year.Released on Thursday (June 18), the rankings assessed 70 economies based on four competitiveness factors — economic performance, government efficiency, business efficiency and infrastructure.«Geopolitical conditions are worsening, and global fragmentation is increasing,» said Arturo Bris, Director of the World Competitiveness Center (WCC) in the report. «Nations with their own tried and tested, credible institutions gain an advantage in this context because — as the international systems cease to serve so many national needs — businesses can carry on as usual.»Singapore placed first in business efficiency, fourth in government efficiency and economic performance, and fifth in infrastructure, according to the report.WCC economist Fabian Grimm wrote in the report that Singapore's strong performance in the 2026 rankings show a «broad-based recovery and strengthening across multiple dimensions of competitiveness». Read more














