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Lithuania roars ahead in national competitiveness rankings 

June 28, 2012, Invest lithuania
The Swiss-based International Institute for Management Development (IMD) has recently published the World Competitiveness Yearbook (WCY) for 2012 that ranks and analyzes how a nation’s business environment creates and sustains the competitiveness of enterprises. According this comprehensive and world-renowned report, Lithuania is basking in the highest competitiveness upgrade among EU countries and the second highest among 59 developed economies globally.

Milda Dargužaitė, Managing director of Invest Lithuania, sums it up as follows: “The competitive ranking of a country is directly related to the quality of the local business environment. Global players looking for great investment opportunities will take note of  the significant advances made by Lithuania.”

Lithuania was raised to 36th place in this year’s ranking – an impressive improvement of nine places over last year. Only the United Arab Emirates advanced further, rising 12 places. Lithuania is ranked 27th for its positive attitude to economic and social reforms, and 38th for its attitude towards globalisation. (Ireland is in first and France in last place for both categories). Lithuania earned the highest scores for its qualified workforce (cited by 84.8 percent of respondents), high level of education (84.8 percent), reliable infrastructure (65.2 percent), competitive prices (58.7 percent) and business efficiency (34.8 percent).

The IMD World Competitiveness Yearbook 2012 includes data for 59 countries measuring economic performance, government efficiency, business efficiency, and infrastructure.

The IMD ranking is based on a survey of 4,200 global business executives from around the world.

For more information, please read the full report http://www.imd.org/research/publications/wcy/index.cfm