economyportugal

Portugal rises 2 positions in the competitiveness ranking

Portugal climbed two positions in the competitiveness ranking, now occupying the 37th position in the world list. Skilled labor, opportunity cost, and infrastructure stability are factors that distinguish the Portuguese economy as being more attractive.

This ranking, called IMD World Competitiveness Center, is led by Singapore, according to data released this Tuesday. Porto Business School collaborates with the realization of this ranking.

The three places that lead the competitiveness ranking, after Singapore, are Denmark and Switzerland, which occupy the second and third positions, respectively.

The ranking assesses factors such as economic performance, the efficiency of companies, infrastructures and the Government, “this is the best result achieved by our country since 2018, which reflects a more solid economy, influenced by consumer price inflation, export of products and tourist revenue.

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