The Institute for Management Development (IMD) from Lausanne released its World Competitiveness Index 2011, which places Croatia at the 58th of the 59 world’s leading economies.
Croatia slid two places down compared to last year's report when it was ranked 56th.
It has to be noted this is an elite group of countries, without underdeveloped or countries with unreliable statistics. The USA returned to the top position, which it shares with Hong Kong. Last year’s leader Singapore has dropped to third. Ukraine, Croatia and Venezuela are on the bottom of the list. Slovenia is 51st.
Despite ranking 58th, Croatia’s competitiveness rating was improved from 40 to 49.4 percent. It fares the best in prices, health and environment, education, social environment and international trade, while it scored the worst in management, institutions, home economy, attitudes and values, labor market and employment, scientific infrastructure, business legislation and FDI.
The IMD World Competitiveness Yearbook (WCY) is the world’s most renowned and comprehensive annual report on the competitiveness of nations, ranking and analyzing how a nation’s environment creates and sustains the competitiveness of enterprises.
It measures 59 countries on the basis of 331 criteria.
