Austria

Data cited at: The World Economic Forum https://www.weforum.org/ Topic: The Global Competitiveness Report Publication URL: https://www.weforum.org/reports/the-global-competitiveness-report-2020 License: https://creativecommons.org/licenses/by-nc-nd/4.0/legalcode

Highlights of the  Global Sustainable Competitiveness Report 2024:The GSCI is now based on a new calculation methodology incorporating 216 quantitative indicators that uses (but is not based upon) AI tools to clean data, and analyse trends and correlations • Scandinavia continues to make its mark on the Sustainable Competitiveness Index: of the top 5 spots, 4 are Scandinavian. Sweden keeps topping the Index, followed by Finland and Denmark; • Northern European countries dominate the top 20 rankings; • Only two countries in the Top 20 are not European: Japan on 10, and South on 16; • China is ranked 28, exceling in Intellectual Capital but lags in Natural Capital and Resource Efficiency, albeit with encouraging signs of efficiency improvements; • The USA is ranked 35, performing comparatively poor in resource efficiency and social capital, reflecting a decline that could potentially undermine the global status of the US in the future; • Germany ranks 9, France 8, and the UK 14; • Brazil ranks 52, India 90, and Nigeria – Africa’s most populous nation – 145; • Some of the least developed nations have a considerable higher GSCI ranking than their GDP would suggest (e.g. Vietnam, Colombia, Peu, Nepal, Bhutan, Bolivia, …) • Asian nations (South Korea, Japan, Singapore, and China) lead the Intellectual Capital Index – the basis of innovation. • The Social Capital Index ranking is headed by Northern European (Scandinavian) countries, the result of economic growth combined with a commonly accepted social consensus • Countries savaged by violent conflicts (Sudan, Yemen, Eritrea, Libya, Somalia, Afghanistan) are at the bottom of the GSCI