06/18/2024 – 0:03
Brazil fell two positions in the global competitiveness ranking prepared since 1989 by the International Institute for Management Development (IMD), in partnership, in Brazil, with the Center for Innovation and Digital Technologies of Fundação Dom Cabral. The country appears in position 62 out of 67 countries. It was the worst placement in recent years.
Competitiveness is defined by the FDC as the ability of countries to integrate new technologies to impact their economies and promote growth. Peru, Nigeria, Ghana, Argentina and Venezuela were the countries behind Brazil.
+Brazil grows more than the USA and less than Chile: See the GDP ranking of countries in the 1st quarter
The first placed
Singapore appears in first place after falling outside the top five last year. Denmark, which was first in 2023, is now in 3rd position, behind Switzerland.
The study highlights that all these countries are small, but they enjoy a good institutional structure and make the most of commercial partnerships.
“Singapore has become an international center in Asia due to advanced technological infrastructure, solid institutions and an attractive market, with jobs, innovation and opportunities”, points out the final report. The country had already led the ranking in 2020.
The case of Brazil
“There is a lot to be done”, assesses Hugo Tadeu, director of the Center for Innovation and Digital Technologies and responsible for the research.
According to Tadeu, low productivity is directly linked to a lack of infrastructure in education and highlights how, unlike many places in the world, especially those at the top of the rankings, there is no investment focused on research and development.
“Many executives say that Brazil does not grow because of the government. This is not true”, says Tadeu, highlighting that the country also had a weak performance when it comes to business efficiency, ranking 61st. “Companies also don’t see the productivity gains they deserve.”
Brazil ranked 65th in the ranking of infrastructure quality and 65th in government efficiency.
Those responsible for the survey claim that the ranking seeks to offer an economic perspective for the country that goes beyond productivity. “The study seeks to demonstrate how the advancement of technology, its integration with government policies and the structure of the market as a whole favors growth that is more than just a number in GDP.”
See the full ranking:
Position |
Country |
1st | Singapore |
2nd | Switzerland |
3rd | Denmark |
4th | Ireland |
5th | Hong Kong |
6th | Sweden |
7th | United Arab Emirates |
8th | Taiwan, China |
9th | Netherlands |
10th | Norway |
11th | Qatar |
12th | USA |
13th | Australia |
14th | China |
15th | Finland |
16th | Saudi Arabia |
17th | Iceland |
18th | Belgium |
19th | Canada |
20th | South Korea |
21st | Bahrain |
22nd | Israel |
23rd | Luxembourg |
24th | Germany |
25th | Thailand |
26th | Austria |
27th | Indonesia |
28th | UK |
29th | |
30th | Lithuania |
31st | France |
32nd | New Zealand |
33rd | Estonia |
34th | Malaysia |
35th | Kazakhstan |
36th | Portugal |
37th | Kuwait |
38th | Japan |
39th | India |
40º | Spain |
41st | Poland |
42nd | Italy |
43rd | Cyprus |
44th | Chile |
45th | Latvia |
46th | Slovenia |
47th | Greece |
48th | Jordan |
49th | Puerto Rico |
50th | Romania |
51st | Croatia |
52nd | Philippines |
53rd | Türkiye |
54th | Hungary |
55th | Botswana |
56th | Mexico |
57th | Colombia |
58th | Bulgaria |
59th | Slovenia |
60º | South Africa |
61st | Mongolia |
62nd | Brazil |
63rd | Peru |
64th | Nigeria |
65th | Ghana |
66th | Argentina |
67th | Venezuela |
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