The Netherlands is Top EU Country on 2017 IMD World Competitiveness Yearbook
The country also ranked fifth globally, for first time since 2003
The Netherlands is the most competitive country in the EU and the fifth most competitive country worldwide on the 2017 IMD World Competitiveness Yearbook.
Published annually since 1989, the report analyzes 261 indicators including ‘hard’ data such as national employment and trade statistics. Other indicators include business perceptions, environmental concerns and quality of life. This year is the Netherlands’ first time in the top five since 2003. In total, 63 countries are in the ranking.
Among the global elite
According to IMD economist José Caballero, the Netherlands’ high ranking results from strong economic performance and increased government efficiency. Holland also showed impressive domestic commercial activities, increased productivity and investment. Caballero also noted the Netherlands as the most well-prepared country for assimilation of international ideas. The country’s preparedness is due to social flexibility and an educated, skilled workforce.
In addition to the Netherlands, IMD business school’s ‘global elite’ includes Hong Kong SAR, Switzerland, Singapore and the United States. “These countries have maintained a business-friendly environment that encourages openness and productivity,” said Arturo Bris, Director of the IMD World Competitiveness Center.
The IMD World Competitiveness Center is often acknowledged as “the leading annual assessment of the competitiveness of countries.”
June 1, 20171 June 2017