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IMD Ranking: Austria More Competitive



May 28, 2010

According to the World Competitiveness Yearbook 2010 compiled by the renowned International Institute for Management Development (IMD) in Lausanne (Switzerland), Austria improved its competitiveness in an international ranking. The Alpine Republic moved from rank 16 to rank 14. The Austrian Minister for Economic Affairs Reinhold Mitterlehner described Austria’s ranking as an “acknowledgement and further incentive to continue our efforts to restructure the domestic economy“. Among Austria’s strengths highlighted by the IMD are the high efficiency of the companies, the strong motivation of the employees, the high quality of living, the excellent healthcare infrastructure and environmental quality.

Number one on the list was Singapore, followed by Hong Kong and the U.S., which for the first time since 1993 lost its No. 1 spot.