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2007 World Competitiveness ranking

Three stick figures, depicting progressive stages of figure jumping in the air © photocase.com/Koecki

© photocase.com/Koecki

11 May 2007

Austrian economic standpoint one of the best in Europe.  


According to the World Competitiveness Yearbook 2007, the alpine nation of Austria has climbed from 13th to 11th place within the space of a year in a global assessment of economic competitiveness. This ranking places Austria well in front of such other European countries as Germany (16th place), France (28th place) and Spain (30th place).

Conducted annually by the Institute of Management Development (IMD) in Lausanne since 1989, this international study analyses the economic position of 55 countries and regions against 323 criteria. The study focuses on the environment within which companies can carry out their business in a particular nation, taking into account economic performance, government efficiency, business efficiency and infrastructure.

The results from the 2007 Yearbook reveal significant changes in economic power relations worldwide. Newly industrialised nations are rapidly growing in their competitiveness. New companies and brands are continually emerging around the world, corroding the long-standing domination of more established industrialised nations in terms of competitiveness.

The 2007 scoreboard from this report and further information can be viewed via the related links on the left.
  

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