Methodologies and factors

Methodology, factors and criteria

Using hard data, gathered from international, national and regional organizations and 57 partner institutes worldwide, and survey data, from over 6250 senior executives, the IMD World Competitiveness Center ranks and analyzes the ability of nations to create and maintain an environment in which enterprises can compete. See the methodologies for the three main rankings below.

World Competitiveness Yearbook

According to our methodology, the national environment is divided into four main competitiveness factors: Economic Performance, Government Efficiency, Business Efficiency and Infrastructure. Each is broken down into five sub-factors highlighting different facets of competitiveness. There are 20 sub-factors in all, some of which are further divided into categories that define competitiveness issues more explicitly. All criteria are grouped into these sub-factors and categories.

There are 346 criteria in the IMD World Competitiveness Yearbook. The essential building block for the rankings is the standardized value for all the criteria, or STD value. The first step is to compute the STD value for each criterion using the data available for all the economies. We then rank the economies based on 261 criteria that are used to calculate the overall competitiveness rankings. (The other 85 criteria are for background information only.)

Learn more

Talent Report

The IMD World Talent Ranking assesses the ability of 61 countries to develop, attract and retain talent for enterprises operating in those economies. The ranking is structured according to three factors:
- Investment and development: with respect to home-grown talent
- Appeal: the ability of the country to tap into the overseas pool
- Readiness: the availability of skills and competencies in the talent pool

Learn more

Business competitiveness assessment

One of the aims of the business competitiveness assessment is to develop an effective methodology to gauge the competitiveness of firms. It involves the identification and, in some cases, the construction of factors that will enable us to conduct the competitiveness assessment.

Learn more