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The International Institution of Management and Development (IMD) Report


The IMD World Competitiveness Yearbook (WCY) is the world’s most thorough and comprehensive annual report on the competitiveness of nations, published without interruption since 1989. It is considered to be the first access point to world competitiveness, providing objective benchmarking and trends, as well as a worldwide reference point to statistics and opinion data that highlight the competitiveness of key economies. The WCY analyzes and ranks the ability of nations to create and maintain an environment that sustains the competitiveness of enterprises. An economy’s competitiveness cannot be reduced only to GDP and productivity because enterprises must also cope with political, social and cultural dimensions. Therefore nations need to provide an environment that has the most efficient structure, institutions and policies that encourage the competitiveness of enterprises.


Who uses the World Competitiveness Yearbook?


The WCY is an invaluable, dynamic and constantly updated benchmark for decision-makers. The business community uses it to help determine and validate investment plans and to assess locations for new operations. Governments find important indicators to benchmark their policies against those of other countries, to evaluate performance over time and to learn from the “success stories” of nations that have improved their competitiveness. The academic world also uses the exceptional wealth of data in the WCY to better understand and analyze how nations (and not only enterprises) compete in world markets.


IMD's World Competitiveness Yearbooks