Singapore

This year’s World Competitiveness Ranking, published by the International Institute for Management Development (IMD) evaluates 67 economies based on more than 250 indicators across four broad categories: economic performance, government efficiency, business efficiency and infrastructure. The indicators are a mix of hard statistical data, which accounts for two thirds of the final ranking, and the perceptions of more than 6,000 executives, which account for the remaining third of the results.

When looking at the dominant forms of government in the past century, countries with autocratic regimes were in the majority for the longest time. A downward trend in autocracies only began after the end of the Second World War, accelerated by the collapse of the Soviet Union in the 1990s. Since then, the two variants of government have been in a neck-and-neck race and were almost equally split in 2022.