Australia's aged care crisis escalates - staff shortage doubles
In 2013, Australia slipped further down the IMD's world competitiveness rankings to 16.
One reason for this is that Australia's labour productivity growth ranking has slipped from 26 to 51, of the 60 countries surveyed.
Read results - Australian results
Read media release - Australia’s competitiveness ranking steadies, but economy viewed poorly
Read opinion piece - Australia's competitiveness: Perception and reality
The World Competitiveness Yearbook survey has over 300 individual criteria rankings grouped into four competitiveness factors:
The 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 60 countries on business competiveness criteria and is the world's most renowned and comprehensive annual report on the competitiveness of nations.