Israel remains in the 17th place among the world’s 59 leading economies in terms of competitiveness, according to the 2011 World Competitiveness Yearbook of the International Institute Management Development in Lausanne, Switzerland.
The annual report ranks countries according to difference economic parameters and is based on data collected from different business organizations in the world. IMD is represented in Israel by the Federation of Israeli Chambers of Commerce.
This year’s list is led by Hong Kong, the United States, Singapore, Sweden and Switzerland. Bulgaria, Greece Ukraine and Croatia were placed at the bottom of the ranking, with Venezuela in the last place. Israel received a score of 81.6.
The Israeli economy ranked first in the central bank’s positive impact and is the world’s top investor in research and development, similar to 2010, but ranked only 54th in workforce participation.Read more