Slovenia and Croatia have improved their positions in the World Competitiveness Rankings

Slovenia and Croatia have improved their positions in the World Competitiveness Rankings

Slovenia and Croatia have improved their positions in this year's edition of the World Competitiveness Rankings compiled by Swiss-based business school Institute for Management Development (IMD), while Romania's ranking worsened and Bulgaria's stagnated, the global survey showed.

Denmark ranked the most competitive economy in the world, while Venezuela ranked last, according to the 2022 ranking published last week. The data explores multiple factors that affect the prosperity of 63 economies.

Among the four EU member states from Southeast Europe included in the ranking, Slovenia has climbed two positions compared to 2021 to rank 38th, while Croatia advanced 13 spots from the previous year to reach 46th position.

Romania dropped by three spots to 51st place and Bulgaria stagnated at 53rd position.

The IMD World Competitiveness Center, a research group at IMD business school, has published the rankings every year since 1989. They are based on 333 competitiveness criteria, and ranks countries according to how they manage their competencies to achieve long-term value creation.

Following are the rankings of EU member states in SEE in the 2022 edition of IMD World Competitiveness Rankings:

2022 2021 Slovenia 38 40

Croatia

46 59 Romania 51 48 Bulgaria 53 53

Croatia

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