The IMD ranking is put together by the Swiss business university IMD (International Institute for Management Development). It is published annually and encompasses 63 countries in the meantime. The study analyses business development, government efficiency, the economic efficiency of companies and the quality of a nation's infrastructure. On balance, the assessment takes account of a total of 235 indicators.
According to the IMD data, Austria achieved the biggest improvements compared to the previous year with respect to its budget deficit, the effective tax burden and the national budget. Austria was rated among the top ten in the world in the two categories "Health and Environment" and "Management Practices". This year's IMD ranking is led by Singapore, which climbed two notches from third to first place. Hong Kong is rated second, whereas the USA dropped from the number one ranking to third overall.