- July 26, 2023
- Posted by: admin
- Category: Competitiveness Report
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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.
The indicators are categorised into four pillars, namely:
• Economic Performance;
• Government Efficiency;
• Business Efficiency; and
The highest possible score is 100 points, which measures the frontier of economic competitiveness.
Although Zimbabwe is not ranked under the IMD WCY and is in the process of engaging the IMD to become its local Partner Institute for coordinating the business executive survey, the competitiveness indicators provide useful insights for Zimbabwe.
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