Flexibility and Adaptability Key to Digital Success: USA top, Asia grows in strength in IMD World Digital Competitiveness ranking
The IMD World Digital Competitiveness ranking celebrates its third edition, studying 63 economies
Lausanne, Switzerland 26 September 2019 – The United States held on to the number one spot in IMD World Digital Competitiveness ranking (WDCR) in 2019, with all top five economies in the ranking unchanged: USA, Singapore, Sweden, Denmark and Switzerland.
In the Top 10, the Netherlands, Hong Kong SAR and Republic of Korea moved up (to 6th, 8th and 10th, respectively), while Norway dropped to 9th and Canada fell from 8th to 11th.
Now in its third year, the WDCR, produced by the IMD World Competitiveness Center, measures the capacity and readiness of 63 economies to adopt and explore digital technologies as a key driver for economic transformation in business, government and wider society.
Technology not only affects how businesses perform but also how economies function and prepare for the future. Governments around the world are investing heavily in their digital economy to enhance value creation and prosperity.
The Top 5 share a common thread in terms of their focus on knowledge generation, but they each approach digital competitiveness differently. The United States and Sweden follow a balanced approach between knowledge generation, the creation of a supportive environment for technology development and a readiness to adopt innovation. Singapore, Denmark and Switzerland give priority to one or two factors.