• Crisis.Italy takes advantage in reconstruction with the 'Colao plan': 102 measures to strengthen its international competitiveness

Spain is stuck in 36th place in the list of the most competitive countries in the world , according to the latest World Competitiveness Ranking carried out annually by the IMD business school and which leads Singapore for the second consecutive edition, followed by Denmark, Switzerland, the Netherlands and Hong Kong.

The document shows that Spain has suffered a worsening in three of the four major indicators analyzed, such as economic performance (from position 29 to 31), business efficiency (from 39 to 42) and especially government efficiency (from 40 to 44). In the field of infrastructure, the Spanish economy retains 26th place.

Among the strengths of the Spanish economy, life expectancy, the university rate, tourism and service exports stand out. However, among the weaknesses, the high unemployment rate, youth unemployment and "the unsustainable pension policy" emerge. Spain is located in position 59 in unemployment regulation and 53 in political instability.

The document indicates that Spain must direct its policies to preserve and strengthen the business fabric, improve the business climate to reactivate investment and promote digitization and scientific research, as well as technological development and innovation. " We must not forget the rebirth of the industry , which must bet on growth with high added value," they point out.

Regarding the efficiency of doing business, " Spain has a long way to go in the digital transformation of companies and in the use of big data ", while the results of the report also show the need to carry out economic and social reforms, develop the ability to attract and retain talent, develop scientific legislation and improve language skills, reports Europa Press.

Global ranking

For the second consecutive year, Singapore is at the top of the most competitive countries thanks to its solid economic results, derived from forceful measures in international trade and investment, as well as in the labor market, together with the good results of its system. educational as its technological infrastructure.

Denmark has risen to second place this year from eighth in 2019, followed by Switzerland, which has moved up one place this year, and the Netherlands, which ranks fourth, up from sixth in 2019. "This advance in small economies may indicate a trend towards deglobalization, "say those responsible for preparing the ranking.

In fact, the United States and China, the world's two largest economies, are two of the countries that lose the most positions this year. In the case of the US economy, it falls back to tenth place, compared to third place in 2019, while China leaves six places and appears in twentieth position.

"The causes must be looked for in the trade wars that have reversed their growth trajectories, damaging both the United States and the Chinese economy," explain those responsible for the ranking.

In accordance with the criteria of The Trust Project

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