Lithuania slipped three places to 33rd among 63 nations in the 2017 world competitiveness ranking released by the Swiss-based International Institute for Management Development (IMD).
Worker at a warehouse
© DELFI / Domantas Pipas

Lithuania's best performance this year is in prices (12th), management practices (21st) and education (22nd), and its worst performance is in international investment (56th), domestic economy and institutional structure (47th).

From a list of 15 indicators, respondents in a survey of business executives selected skilled workforce (81 pct), high educational level (77.6 pct), reliable infrastructure and competitiveness of costs (63.8 pct) as the country's "key attractiveness indicators".

Latvia dropped three places to 40th in this year's ranking and Estonia climbed one point to number 30. Hong Kong and Switzerland remained at the top of the ranking.

Lithuania was first included in the ranking in 2007.

The IMD World Competitiveness Yearbook measures the performance of countries based on over 300 criteria, using statistical data (2/3) and a business executives' opinion survey (1/3).

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Lithuanian ESO EUR 200 mln. tender is on it’s way

Preparation for the tender of smart electricity meters by Lithuanian energy distribution system...

Lithuania's budget gets EUR 4 mln of "nobody's money" after FNTT probes

4 million euros, officially recognized as having no owner, have been transferred to the state budget...

Lithuanian govt hopes papal visit will encourage religious tourism

Lithuania's government hopes the upcoming papal visit will encourage religious tourism in the country...

Lithuania ahead of Latvia, Poland, but behind Estonia on social progress index

The social environment in Lithuania is better than in Latvia and Poland, but worse than in Estonia,...

PM to invite European retailers to invest in Lithuania

Lithuanian Prime Minister Saulius Skvernelis says he plans to invite 12 European major retail chains...