Ukraine ranks 59 out of 61 states in the global rating of economic competitiveness compiled by International Institute for Management Development. Ukraine is followed by Moldavia and Venesuela.
Hong Kong replaced the USA and this year ranks first, followed by Switzerland, the USA, Singapore, Sweden, Denmark, Ireland, the Netherlands, Norway and Canada. Poland, same as last, ranks 33. Russia is up by one position and ranks 44 this year.
The rating is based on 340 criteria, divided in four groups: economic indicators, government efficiency, business efficiency and development of infrastructure.