Hong Kong ranks fifth in list of world’s most competitive economies, climbing two spots over improved performance amid Covid pandemic

Hong Kong has climbed two places this year to reclaim the fifth spot in an annual global ranking of the world’s most competitive countries and regions, on the back of improved economic performance amid the coronavirus pandemic.

Denmark came in at the top for the first time since 1989 in the IMD World Competitiveness Ranking based on its policies and a focus on sustainability, followed by Switzerland.