NZ 17th for global competitiveness

NZ is ranked 17th with a score of 5.2 out of 7. We’ve improved every year since 2011/12.

The top 10 are:

  1. Switzerland
  2. Singapore
  3. US
  4. Finland
  5. Germany
  6. Japan
  7. Hong Kong
  8. Netherlands
  9. UK
  10. Sweden

More interesting than the overall ranking, are the rankings on each component for New Zealand.

Our ranks for the 12 pillars are:

  1. Institutions 1st
  2. Infrastructure 29th
  3. Macroeconomic environment 25th
  4. Health and primary education 4th
  5. Higher education and training 9th
  6. Goods market efficiency 6th
  7. Labour market efficiency 6th
  8. Financial market development 3rd
  9. Technological readiness 23rd
  10. Market Size 62nd
  11. Business sophistication 24th
  12. Innovation 23rd

And some of the individual areas where we were ranked first (or 1st equal) in the world:

  • (non) diversion of public funds
  • Irregular payments and bribes
  • Judicial Independence
  • Ethical behaviour of firms
  • Efficacy of corporate boards
  • Strength of investor protection
  • Inflation
  • HIV prevalence
  • No procedures to start a business
  • No days to start a business
  • Agricultural policy costs
  • Redundancy costs
  • Reliance on professional management
  • Legal Rights Index

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