In this article, we will look at the 5 most competitive countries in Europe. If you want to read our detailed analysis, you can go directly to the 15 Most Competitive Countries in Europe.
5. Netherlands
Insider Monkey Competitiveness Score: 74.81
The Global Sustainable Competitiveness Index 2023 Score: 54.1
The Global Talent Competitiveness Index 2023 Score: 74.76
IMD World Competitiveness Score 2023: 95.58
The Netherlands is a northwestern European country that ranks 5th on our list of most competitive countries in Europe. The GDP per capita of the Netherlands is growing at 5.55% as of 2024. The country has an Insider Monkey Competitiveness score of 74.81 and a score of 95.58 on IMD’s World Competitiveness Index.
4. Sweden
Insider Monkey Competitiveness Score: 75.11
The Global Sustainable Competitiveness Index 2023 Score: 59.6
The Global Talent Competitiveness Index 2023 Score: 73.86
IMD World Competitiveness Score 2023: 91.86
Sweden is a Scandinavian nation situated in Europe. The country is experiencing GDP per capita growth at a rate of 3.04% and has an Insider Monkey competitiveness score of 75.11. On April 12, Reuters reported that Swedish inflation slowed in March as was recorded near the central bank’s target of 2%. The decrease in inflation has paved the way for future cuts in inflation rates and a series of cuts are expected after the next policy meeting scheduled in May.
3. Ireland
Insider Monkey Competitiveness Score: 75.12
The Global Sustainable Competitiveness Index 2023 Score: 55.2
The Global Talent Competitiveness Index 2023 Score: 70.45
IMD World Competitiveness Score 2023: 99.71
Ireland makes it to the top 3 most competitive countries in Europe. The country has a GDP per Capita growth rate of 5.11% as of 2024 and an Insider Monkey competitiveness score of 75.12. On April 29, Reuters reported that the annual inflation rates for Ireland had slowed down to 1.6% in April from 1.7% in March. Moreover, the GDP for the first quarter of 2024 also increased by 1.1% depicting an overall strong economic performance.
2. Denmark
Insider Monkey Competitiveness Score: 78.05
The Global Sustainable Competitiveness Index 2023 Score: 57.6
The Global Talent Competitiveness Index 2023 Score: 76.54
IMD World Competitiveness Score 2023: 100
Denmark is a Scandinavian country in Europe. The country has a GDP per capita growth rate of 2.15% and has an Insider Monkey Competitiveness score of 78.05.
1. Switzerland
Insider Monkey Competitiveness Score: 79.06
The Global Sustainable Competitiveness Index 2023 Score: 59.1
The Global Talent Competitiveness Index 2023 Score: 78.96
IMD World Competitiveness Score 2023: 99.13
Switzerland is a Central European Country that ranks as the most competitive country in Europe. The country has a GDP per capita growth rate of 7.18% as of 2024 and ranks well on our competitiveness index with a score of 79.06.
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