Hong Kong ranked 5th among the world's most competitive economies on Tuesday by IMD World Competitiveness Ranking. File photo/ AfriHKanews.com
Hong Kong has got back to the fifth position in a yearly global ranking of the world’s most competitive countries and regions as its rival country, Singapore climbed up three spots to stay at the top.
According to the latest Swiss-based IMD World Competitiveness Ranking reported on Tuesday, Hong Kong climbed up two spots. This development signifies a remarkable improvement in the city’s economic performance which jumped from 36th place in 2023 to 11th this year.
The report stated that Hong Kong’s business efficiency and infrastructure went up to the seventh and ninth places respectively, with its government efficiency dropping one spot to the third.
On the other hand, Singapore came second position in government efficiency, getting back to its top-level last secured in 2020.
Singapore is also reported to have outperformed Hong Kong in the other three areas, ranking third in economic performance, second in business efficiency and fourth in infrastructure.
The IMD World Competitiveness Center said Singapore had marked “a return to form”, saying the city, which ranked fourth last year, had shown “a particularly robust performance” in government and business efficiency.
In this year's Swiss-based IMD World Competitiveness Ranking, Switzerland was the first runner-up in the overall ranking while Denmark gained third place.
Last year, Denmark came in first in the IMD World Competitiveness Ranking, followed by Ireland and Switzerland.
香港在全球最具競爭力經濟體中排名第五，新加坡躍居榜首
在全球最具競爭力國家和地區年度全球排名中，香港重新回到第五位，而其競爭對手新加坡則上升三位，繼續保持榜首。
根據瑞士國際管理發展學院週二發布的最新世界競爭力排名，香港上升兩位。 這一發展標誌著該市經濟表現的顯著改善，從2023年的第36位躍升至今年的第11位。
報告稱，香港的商業效率和基礎設施分別上升至第七位和第九位，政府效率下降一位至第三位。
另一方面，新加坡在政府效率方面排名第二，回到了 2020 年上次獲得的最高水準。
據報道，新加坡在其他三個領域的表現也優於香港，在經濟表現方面排名第三，在商業效率方面排名第二，在基礎設施方面排名第四。
IMD 世界競爭力中心表示，新加坡已“回歸常態”，並稱這座去年排名第四的城市在政府和企業效率方面表現出了“特別強勁的表現”。
在今年瑞士IMD世界競爭力排名中，瑞士獲得總排名亞軍，丹麥則獲得第三名。
去年，丹麥在 IMD 世界競爭力排名中名列第一，其次是愛爾蘭和瑞士。
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