In 2012, Australia slipped six places to 15 in world competitiveness rankings with significant drops in the labour market and international trade competitiveness rankings. Released May 2012.
In 2012, Australia slipped six places to 15 in world competitiveness rankings with significant drops in the labour market and international trade competitiveness rankings.
Key factors in Australia's poor ranking for labour market competitiveness included the high Australian dollar, skills shortages and the re-emergence of industrial relations as a key national issue, with a number of high profile disputes.
Read the Australian results (member only)
The World Competitiveness Yearbook survey has over 300 individual criteria rankings grouped into four competitiveness factors:
- Economic performance;
- Government efficiency;
- Business efficiency; and
- Infrastructure
Report finds Australia's competitiveness slipping
Published on 30 May 2012 by NewsOnABC on YouTube
World Competitiveness Yearbook
2012 World Competitiveness Yearbook is produced by the Switzerland based IMD World Competitiveness Center with the help of CEDA in Australia and other international partners.
The IMD World Competitiveness Yearbook compares and ranks 59 countries on business competiveness criteria and is the world's most renowned and comprehensive annual report on the competitiveness of nations.
2012 World Competitiveness Yearbook media release