The evaluation covers 8 global regions based on 4 key indicators: Government Efficiency, Business Efficiency, Economic Performance, and Infrastructure
SINGAPORE: Singapore has secured the top position in the 2024 World Competitiveness Yearbook released by the International Institute for Management Development .
The annual ranking is renowned for its rigorous assessment of economies’ capacities to foster competitiveness through various strategic dimensions. Business Efficiency: The city-state improved from eighth to second place, highlighting notable advancements in enterprise innovation, profitability, and responsibility.
These strengths emphasize the nation’s readiness and adaptability in supporting economic activities and innovation.
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