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Russia breaks into world competitiveness top-40

0 23 May 2014

Russia has climbed 4 places to 38th in the World Competitiveness Rankings, published by Swiss business school IMD, its highest ranking this decade. 

The rankings are based on more than 300 criteria, two thirds of which are based on statistical indicators and one-third on a survey of 4,300 executives from around the world. 

Russia is second among the BRIC countries, ahead of India and Brazil (44th and 54th) but behind China (23rd). However, it is the only BRIC country to improve its position. China dropped two places, India four (taking it below Russia) and Brazil three. 

Among CIS countries Russia is below the Baltic states and Kazakhstan, but ahead of Ukraine. 

In addition to the overall rankings, IMD also released a second list based on how local executives perceive their country’s image abroad. Russia’s ranking of 48th suggests that executives are rather gloomy about how the country is viewed. 

Source: IMD

Homepage image via Shutterstock

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