Top 10 most competitive global economies in 2025 list: The global economy is in a state of flux and is being reshaped by geopolitical tensions and financial volatility, redefining how nations compete on growth, stability, and adaptability. According to the latest IMD World Competitiveness Ranking (WCR), developed economies are grappling with mounting challenges, while several emerging markets have managed to climb the ladder by adopting strategic reforms. Eastern Asia and Western Europe dominate the top tier, accounting for 70 per cent of the world’s 10 most competitive economies this year. Switzerland retains its position as the most competitive economy globally, maintaining an all-round edge across economic, business, and governance factors. Singapore, which topped the list in 2024, follows closely in second place, while Hong Kong SAR surged two spots to third, buoyed by gains across all four competitiveness factors. Other high-ranking economies display resilience through strong governance, adaptability to digital and environmental shifts, and efforts to maintain social cohesion. Among the climbers, Canada made the biggest leap within the top 20, advancing eight places to rank 11th. Namibia, Kenya, and Oman entered the competitiveness index for the first time in its 37-year history. Top 10 Most Competitive Economies Globally in 2025 Rank Country Score 1 Switzerland 100 2 Singapore 99.44 3 Hong Kong SAR 99.22 4 Denmark 97.51 5 UAE 96.09 6 Taiwan (Chinese Taipei) 93.71 7 Ireland 91.31 8 Sweden 90.2 9 Qatar 89.93 10 Netherlands 89.75 Source: IMD World Competitiveness Ranking (WCR) 2025 Where does India rank? India slipped to 41st place in 2025, down from 39th in 2024 and from its recent peak of 37th in 2022. While the country continues to score strongly on economic performance and business efficiency, persistent weaknesses in infrastructure and government effectiveness weigh on its overall position. Category 2025 Rank 2024 Rank Change Overall Global Ranking 41st 39th ↓ 2 Economic Performance 27th 20th ↓ 7 Government Efficiency 45th 45th — Business Efficiency 25th 25th — Infrastructure 51st 53rd ↑ 2 Source: IMD World Competitiveness Ranking (WCR) 2025 Stay updated with the latest – Click here to read more Top 10 exclusive reports!
