The Netherlands is Top EU Country 2017

IMD World Competitiveness Yearbook 2017 includes the Netherlands in the top

For first time since 2003 the Netherlands is ranked fifth  in the world. The Netherlands is the most competitive country in the EU and the fifth most competitive country worldwide in the 2017 IMD World Competitiveness Yearbook.

Published annually since 1989, the report analyses 261 indicators including ‘hard’ data such as national employment and trade statistics. Other indicators include business perceptions, environmental concerns and quality of life. This year the Netherlands is in the top five for the first time since 2003. The ranking includes 63 countries.

Among the global elite

According to IMD economist José Caballero, the Netherlands’ high ranking is the result of strong economic performance and increased government efficiency. Holland also showed impressive domestic commercial activities, increased productivity and investment. Caballero also noted the Netherlands as the most well-prepared country for assimilating international ideas. The country’s preparedness is due to social flexibility and an educated, skilled workforce.

In addition to the Netherlands, IMD business school’s ‘global elite’ includes Hong Kong SAR, Switzerland, Singapore and the United States. “These countries have maintained a business-friendly environment that encourages openness and productivity,” said Arturo Bris, Director of the IMD World Competitiveness Center.

The IMD World Competitiveness Center is often acknowledged as “the leading annual assessment of the competitiveness of countries.”

Source: IMD and Dutch News