International Benchmarking Report on IMD – June 2023

The Institute for Management Development (IMD) published its 2023 World Competitiveness Yearbook (WCY) on 20 June 2023. The IMD Competitiveness Yearbook assesses and ranks 64 economies around the world based on their ability to create and maintain a competitive business environment. The rankings are based on more than 336 indicators, of which, 164 are ‘hard’ quantitative data, while 92 are based on ‘soft’ data; and qualitative data from a survey of business executives coordinated by the IMD’s Partner Institutes in various countries.