Technology | Innovation // Economy

Australia's digital competitiveness improves

Australia’s digital competitiveness significantly improved in the last 12 months – rising six places in a ranking of the digital competitiveness of 63 countries released today. Australia recorded the second largest year-on-year improvement in the rankings, behind only Croatia. 

Australia’s digital competitiveness significantly improved in the last 12 months – rising six places in a ranking of the digital competitiveness of 63 countries released today.Australia recorded the second largest year-on-year improvement in the rankings, behind only Croatia.  


Australia rose to 14in the IMD World Digital Competitiveness Ranking (WDCR),with key strengths being investment in telecommunications, internet retailing and software piracy. 


Australia has regained the ground lost during the COVID-19 pandemic,” says CEDAChief Economist Jarrod Ball. 


“Yet Australia’s Achilles heel is its future readiness which underpins a country’s ability to take advantage of emerging technologies, sustaining its digital competitiveness over time to keep pace with the most digitally competitive nations. 


Our future readiness is held back in the rankings by factors such as business agilityentrepreneurial risk-taking and cyber security preparedness. 


More broadly, the rankings show that Australia must invest in training and international talent to improve digital knowledge across the economy. 


It is clear from these results that with the right ambition and capacity building, Australia can realise greater economic opportunities from digital technology to underpin future economic development. 


This must be a consistent and enduring focus across all sectors of the economy to overcome the barriers to greater competitiveness called out in these rankings. 


The WDCRreportshows Australiahas several key strengths, including its regulatory framework to support starting a business, software piracy controls and take-up of internet retailing. 


However, Australia ranked just 52 for graduates in sciences, 49 in international experience and 44 in employee training.   


Australia is also ranked 31 for cyber security and 38 in terms of government cyber security capacity. 


Denmark took the top position in the digital rankings and the United States fell to second place (it has previously held on to the number one place for the four years prior). Denmark rose to first place due to its outstanding performance in future readiness – or its preparedness to exploit digital transformation – coming first in business agility and IT integration.  


TheWorld Digital CompetitivenessRankingis produced by the Switzerland-basedInternational Institute for Management Development(IMD)World Competitiveness Centre. CEDA is the Australian partner.  

About CEDA

CEDA – the Committee for Economic Development of Australia – is an independent, not-for-profit membership organisation.

We identify policy issues that matter for Australia’s future. We work to drive policies that deliver better economic, social and environmental outcomes for Australia. We deliver on our purpose by: Leveraging insights from our members to identify and understand the most important issues Australia faces. Facilitating collaboration and idea sharing to invoke imaginative, innovative and progressive policy solutions. Providing a platform to stimulate thinking, raise new ideas and debate critical and challenging issues. Influencing decision makers in government, business and the community by delivering objective information and expert analysis and advocating in support of our positions. CEDA's membership spans every state and territory and includes Australia's leading businesses, community organisations, government departments and academic institutions. The organisation was founded in 1960 by leading economist Sir Douglas Copland, and his legacy of applying economic analysis to practical problems to aid the development of Australia continues as we celebrate 60 years of influence, reform and impact across the nation.;