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Economy Statistics > Business efficiency (most recent) by country

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Showing latest available data.
Rank   Countries  Amount 
# 1   United States: 100 
# 2   Hong Kong: 93.073 
# 3   Singapore: 89.679 
# 4   Iceland: 85.349 
# 5   Canada: 82.648 
# 6   Finland: 82.627 
# 7   Denmark: 82.545 
# 8   Switzerland: 82.534 
# 9   Australia: 81.975 
# 10   Luxembourg: 80.311 
# 11   Taiwan: 78.319 
# 12   Ireland: 77.846 
# 13   Netherlands: 77.4 
# 14   Sweden: 76.261 
# 15   Norway: 76.157 
# 16   New Zealand: 75.459 
# 17   Austria: 74.328 
# 18   Chile: 72.184 
# 19   Japan: 68.652 
# 20   United Kingdom: 68.518 
# 21   Germany: 67.842 
# 22   Belgium: 67.456 
# 23   Israel: 67.304 
# 24   Estonia: 66.71 
# 25   Thailand: 66.012 
# 26   Malaysia: 65.844 
# 27   Korea, South: 64.239 
# 28   France: 64.203 
# 29   China: 63.219 
# 30   Czech Republic: 60.131 
# 31   Hungary: 59.867 
# 32   Spain: 59.43 
# 33   India: 59.053 
# 34   Slovakia: 58.621 
# 35   Jordan: 52.684 
# 36   Portugal: 52.426 
# 37   South Africa: 51.95 
# 38   Colombia: 51.407 
# 39   Turkey: 51.293 
# 40   Philippines: 51.103 
# 41   Greece: 50.332 
# 42   Brazil: 49.856 
# 43   Slovenia: 49.304 
# 44   Italy: 45.819 
# 45   Russia: 43.591 
# 46   Romania: 41.784 
# 47   Mexico: 41.483 
# 48   Poland: 39.016 
# 49   Argentina: 37.826 
# 50   Indonesia: 33.811 
# 51   Venezuela: 30.282 
Weighted average: 64.1  



DEFINITION: Based upon a business efficiency index where '100' represents the highest level of business efficiency.

SOURCE: IMD International, 2005

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COMMENTARY     

Nick Court (Melksham, Wiltshire, U.K)
17th July 2006
Somehow, I find it hard to believe that Chile is significantly more efficient in its' business than Italy, France, Spain or Greece.
Ian Graham
Staff Editor

29th April 2005
The International Institute for Management Development measures business efficiency based on five factors: productivity, labor market, finance, management practices, and attitudes and values.

Productivity criteria include: GDP per employed person; the percentage of change in real GDP per employed person; GDP per person employed per hour; related GDP per person employed in agriculture; related GDP per person employed in industry; and related GDP per person employed in services.

Some of the labor market criteria include: total hourly compensation for manufacturing workers; gross annual income in services professions; salary, bonuses and long-term incentives for management; average number of working hours per year; annual number of working days lost to industrial disputes per 1000 population; and the labor force as a percentage of the population.

Finance criteria include: banking sector assets as a percentage of GDP; number of credit cards issued and credit card transactions per capita; and value traded on stock markets.

Under management practices, examples of the criteria examined are: the adaptability of companies; the implementation of ethical practices; the emphasis placed on customer satisfaction; and the extent of entrepreneurship in the economy.

Attitudes and values criteria include: attitudes towards globalization; whether a country’s image abroad encourages business development; and if the national culture is open to foreign ideas.

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