Portugal has climbed three positions to 36th place, achieving its best performance since 2021 and overtaking Spain, now in 40th position, in the IMD 2024 World Competitiveness Ranking.

The IMD World Competitiveness Ranking, published annually by the International Institute for Management Development (IMD) in Switzerland, evaluates countries based on economic performance and competitiveness. It considers factors such as:

Economic Performance: macroeconomic performance of the country.

Government Efficiency: the extent to which government policies support competitiveness.

Business Efficiency: the quality of the business environment and infrastructure.

Infrastructure: Quality and availability of infrastructure, including technological and scientific infrastructure.

This ranking is a key resource for policymakers, businesses, and academics to understand and enhance the competitiveness of economies.

🔍 Portugal has shown significant improvement across all key indicators:

Infrastructure: improved from 32nd to 26th.
Economic Performance: rose from 42nd to 39th.
Business Efficiency: climbed from 41st to 39th.
Government Efficiency: up from 43rd to 41st.

Key highlights include:

Education: 21st place
Technological Infrastructures: 24th place
Health and the Environment, Scientific Framework, Business Legislation, International Trade: 25th place

This progress was noted in the IMD's survey of 6,612 executives and analysis of 164 statistical indicators from March to May 2024, covering 67 economies.

Congratulations, Portugal! 🎉 To get the full perspective on all of Portugal's advantages for business, relocation, or investments — follow us.

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