Northern Europe is leading the GSCI; US competitiveness set to decline if proposed new policies are all implemented; conventional sovereign bond ratings do not reflect full risks and potential of countries competitiveness
Contrarily to common measurements (GDP) and ratings which are mainly based on financial (economic output, the GSI measures the root causes that define national wealth and competitiveness.
The GSCI is based on the sustainable competitiveness model calculated through 111 measurable, quantitative indicators to exclude all objectivity. Performance data is also analysed against the trends over time to reflect not only the present, but also the outlook into the future. A comprehensive measurement for competitiveness. Sustainable competitiveness.
Key takeaways from the 6th edition of the Sustainable Competiveness Ranking 2017:
- Of the top twenty nations only three are not European – New Zealand on 13, South Korea on 16, and Japan on 20.
- Scandinavia covers the top 5 ranks. Sweden is leading the Sustainable Competitiveness for a second consecutive year – followed by the other 4 the Scandinavian nations.
- The top 20 are dominated by Northern European countries, including the Baltic states and Slovenia
- Germany ranks 14, the UK 22, and the World’s largest economy, the US, is ranked 29. The US ranks particularly low in resource efficiency, but also social capital - undermining the global status of the US in the future
- Of the large emerging economies (BRICs), China is ranked 32, Brazil 42, Russia 43, and India 121.
- Some of the least developed nations have a considerable higher GSCI ranking than their GDP would suggest (e.g. Laos, Timor, Burma, Bhutan, Suriname…)
- Asian nations (South Korea, Japan, Singapore, and China) lead the Intellectual Capital ranking. However, achieving sustained prosperity in these countries might be compromised by Natural Capital constraints and current high resource intensity/low resource efficiency
- The Social Cohesion ranking is headed by Northern European (Scandinavian) countries, indicating that Social Cohesion is the result of economic growth combined with social consensus
- The US is set for decline, in particular vs. China, if policies proposed under the new administration are to be fully implemented
- Conventional sovereign bond ratings do not reflect the full risk and potential associated with nation economies. They need to integrate sustainability, now.
Dark areas indicate high, light areas low Sustainable Competitveness
Download the Report: The Global Competitiveness Report 2017
Read the press release: Press Release - GSCI 2017