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:
- Switzerland
- Singapore
- US
- Finland
- Germany
- Japan
- Hong Kong
- Netherlands
- UK
- Sweden
More interesting than the overall ranking, are the rankings on each component for New Zealand.
Our ranks for the 12 pillars are:
- Institutions 1st
- Infrastructure 29th
- Macroeconomic environment 25th
- Health and primary education 4th
- Higher education and training 9th
- Goods market efficiency 6th
- Labour market efficiency 6th
- Financial market development 3rd
- Technological readiness 23rd
- Market Size 62nd
- Business sophistication 24th
- 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