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In the WCY 2010, Australia moved to 5th place of the 58 nations included in the study, after ranking 7th for the previous two years.
The rise points to the relative strength of the domestic economy and its resilience to economic cycles.
Strong Asian demand for commodities underpinned the rise. However, it underscores the critical need to maintain high levels of investment in the resources and infrastructure sectors.
2010 of scoreboard pdf (country rankings)
Figure 1. Australia's Competitiveness Landscape
Source: IMD World Competitiveness Yearbook 2010: Australia Country Profile, page 66
For the first time in decades, Singapore (1) and Hong Kong (2) pushed the US to third place. However, the three countries are so close they should be called the leading "trio".
1. Singapore (3) 2. Hong Kong (2) 3. USA (1) 4. Switzerland (4) 5. Australia (7) 6. Sweden (6) 7. Canada (8) 8. Taiwan (23) 9. Norway (11) 10. Malaysia (18) 11. Luxembourg (12) 12. Netherlands (10) 13. Denmark (5) 14. Austria (16) 15. Qatar (14) 16. Germany (13) 17. Israel (24) 18. China Mainland (20) 19. Finland (9) 20. New Zealand (15) |
21. Ireland (19) 22. United Kingdom (21) 23. Korea (27) 24. France (28) 25. Belgium (22) 26. Thailand (26) 27. Japan (17) 28. Chile (25) 29. Czech Republic (29) 30. Iceland 31. India (30) 32. Poland (44) 33. Kazakhstan (36) 34. Estonia (35) 35. Indonesia (42) 36. Spain (39) 37. Portugal (34) 38. Brazil (40) 39. Philippines (43) 40. Italy (50) |
41. Peru (37) 42. Hungary (45) 43. Lithuania (31) 44. South Africa (48) 45. Colombia (51) 46. Greece (52) 47. Mexico (46) 48. Turkey (47) 49. Slovak Republic (33) 50. Jordan (41) 51. Russia (49) 52. Slovenia (32) 53. Bulgaria (38) 54. Romania (54) 55. Argentina (55) 56. Croatia (53) 57. Ukraine (56) 58. Venezuela (57) |
The Commonwealth Bank's Head of International Economics, Joseph Capurso, assesses the global economic outlook and the lasting influence that COVID-19 is likely to leave on industries and economies around the world.
Read more International affairs February 14, 2017Australia's international competitiveness ranking rebounds from 12 to seven in the 2008 survey.
Read more International affairs January 9, 2009The deterioration in export volume growth is sharply contrasted by a rapid increase in direct investment abroad.
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