Singapore Regains Top Spot in Competitiveness Ranking; Asian Economies Put up Strong Showing
IMD said Hong Kong finished second after three straight years of gains, with government efficiency remaining its strongest area.
- Singapore returned to first place in the 2026 IMD World Competitiveness Rankings released Thursday. The Switzerland-based International Institute evaluated 70 economies, crediting Singapore's recovery in business efficiency.
- The IMD report assessed economic performance, government efficiency, and infrastructure to determine competitiveness. Arturo Bris, director of the World Competitiveness Center, noted strong institutions are critical as geopolitical tensions rise.
- Hong Kong secured second place, its best performance in seven years, while Taiwan ranked fourth. The IMD noted this collective rise "reinforced the dominance of Asian economies at the top of the ranking."
- China climbed from 16th to 12th place, driven by sharp improvements in productivity and labor market gains. These results reflect stability across all competitive factors measured by the organization.
- As global fragmentation increases, nations with predictable rules and enforceable commitments gain the upper hand. The 2026 assessment demonstrates how agile economies like Singapore can rapidly regain momentum by navigating volatility.
14 Articles
14 Articles
Hong Kong jumps to world's No. 2 in competitiveness
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