Global Competitiveness Rankings: 2019-2023

Denmark retains its position as the most competitive country in 2023, followed by Ireland and Switzerland. The rankings are based on metrics such as economic performance, government efficiency, business efficiency, and infrastructure. China and Germany have seen a decline in their rankings, while the United States has dropped six spots. The Czech Republic and Belgium have made significant improvements in their business environments, while Latvia and New Zealand have experienced a decline in competitiveness. Business competitiveness rankings provide insights into country performance and can be used as a tool for policymakers.