the essential factors behind digital competitiveness

KnowledgeThe know-how necessary to discover, understand and build new technology. Sub-factors include talent, training and education, and scientific concentration.

TechnologyThe overall context that enables the development of digital technologies. Sub-factors include regulatory framework, capital, and technology framework.

Future ReadinessThe level of country preparedness to exploit digital transformation. Sub-factors include adaptive attitudes, business agility, and IT integration.

The essential factors behind digital competitiveness

Analyzing the main factors and trends behind either an improvement or a decline in the IMD World Digital Competitiveness Ranking on a year-to-year basis, helps

explain how some countries managed to propel themselves to the top echelons of digital transformation and why others need to improve before they can really

shine.

The rankings are the product of a mixture of hard data and survey responses. The hard data reflects 2020’s performance whilst the survey was carried out from

February to May 2021. The ranking does not specifically measure issues related to the pandemic. Nevertheless, technology, has been one of the most important tools

for addressing the twin challenges of the health crisis and economic turbulence.

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Understanding the Data Visualization

The second largest economy in the world keeps climbing the rankings ladder, leaping from 30th to 15th place in the span of four years. The country is highly productive in the field of scientific research. It has also leading the way in many sectors such as artificial intelligence applications.

ChinaThanks to investment in education and research, Switzerland was able to rise to the top in the education ranks, a testament to the quality of its human capital. Knowledge is a major reason why Sweden and Denmark are at the top, despite ranking outside the top 20 in GDP. The thinly populated Scandinavian countries benefit from their talent and boast a strong performance in training and education.

Switzerland & Nordic CountriesThe USA remains at the top, thanks to a strong performance in future readiness and knowledge. The world’s largest economy by nominal GDP excels in scientific infrastructure and in both the adaptive attitudes and business agility sub-factors.

USADespite a persistently strong performance in future readiness, Singapore is the only East Asian country to lose some ground in comparison to 2020, mainly due to drops in technology and knowledge. Though it still scores high in the talent sub-factor, the city-state suffered a sharp decline in training and education.

Singapore

Population Size

Higher than 500Higher than 300Higher than 50

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Knowledge - Ranking 2021

Technology - Ranking 2021

Future Readiness - Ranking 2021

Ranking

Digital Competitiveness Ranking 2021 x

IMD World Competitiveness Ranking 2021 x

Digital Competitiveness Ranking 2021 Factorsx

Performance

Improved compared to last year

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Declined compared to last year

Performance is displayed right below the respective ranking.

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