20 most competitive countries in the world in 2017; Hong Kong, Switzerland, and Singapore tops

Hong Kong has been crowned as the most competitive country in the world for 2017, according to World Competitiveness Yearbook 2017 complied by the International Institute for Management Development (IMD). Switzerland took second spot, followed by Singapore, the United States and the Netherlands.

Others in the top 10 most competitive countries list for 2017 include Ireland at 6th, Denmark 7th, Luxembourg (8th), Sweden (9th), and UAE at 10th.

Canada came in 12th, Germany 13th, Taiwan 14th, China 18th, the United Kingdom 19th, Australia 21st, Israel 22nd, Japan 26th, South Korea 29th, India 45th, and Russia 46th. (The full table can be viewed here)

The bottom of the table –  Ukraine was ranked 60th, while Brazil was placed at the 61st position and Venezuela at 63rd. Cyprus and Egypt are two new additions to the report this year.

The Top 20 Most Competitive Countries In The World For 2017

1. Hong Kong
2. Switzerland
3. Singapore
4. USA
5. Netherland
6. Ireland
7. Denmark
8. Luxembourg
9. Sweden
10. UAE
11. Norway 
12. Canada
13. Germany
14. Taiwan
15. Finland
16. New Zealand
17. Qatar
18. China
19. UK
20. Iceland

Download: World Competitiveness Ranking in 2017 – Most Competitive Countries In The World For 2017.