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Hong Kong ranks No 2 in global competitiveness with best showing in 7 years

Hong Kong is now the world's second-most competitive economy. This is the city's highest rank since 2019 and marks three straight years of improvement. The 2026 World Competitiveness Yearbook assigned the city a score of 95.6 out of 100.

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What changed

New data confirms Hong Kong rose one place to reach the second position.

Live updates

  1. Hong Kong Ranks Second in 2026 IMD Global Competitiveness Ranking

    Hong Kong is now the world's second-most competitive economy. This is the city's highest rank since 2019 and marks three straight years of improvement. The 2026 World Competitiveness Yearbook assigned the city a score of 95.6 out of 100.

    What's confirmed:

    • Hong Kong is the second-most competitive economy in the 2026 IMD World Competitiveness Ranking.
    • This is the highest position for Hong Kong since 2019.
    • The city has shown improvement for three consecutive years.
    • Hong Kong earned a score of 95.6 out of 100.
    confidence 100%

  2. Hong Kong Ranks Second in 2026 World Competitiveness Yearbook

    Hong Kong is the world's second-most competitive economy according to the 2026 World Competitiveness Yearbook. The city earned a score of 95.6 out of 100. This position is the highest for Hong Kong since 2019.

    What's confirmed:

    • Hong Kong rose one place to second globally in the 2026 IMD World Competitiveness Ranking.
    • The International Institute for Management Development published the report on June 18, 2026.
    • Hong Kong recorded an overall score of 95.6 out of 100.
    • Singapore took the top spot with a score of 100.
    • Switzerland finished in third place with 95.3 points.
    • Hong Kong's competitiveness has risen for three consecutive years.
    confidence 100%

  3. Hong Kong Ranks Second Globally in 2026 World Competitiveness Yearbook

    Hong Kong rose one place to second in the 2026 World Competitiveness Yearbook. This is the city's highest ranking since 2019 and marks three consecutive years of growth. The report was published on June 18, 2026, by the International Institute for Management Development.

    What's confirmed:

    • Hong Kong is the second most competitive economy globally in the 2026 World Competitiveness Yearbook.
    • The International Institute for Management Development published the rankings on June 18, 2026.
    • This position is Hong Kong's highest since 2019.
    • Hong Kong's global competitiveness has risen for three consecutive years.
    • Hong Kong ranks second globally in government efficiency.
    • Hong Kong ranks third globally in business efficiency.
    • Hong Kong ranks eighth globally in infrastructure.
    • Hong Kong ranks 11th globally in economic performance.
    confidence 100%

  4. Hong Kong Ranks No 2 in Global Competitiveness

    Hong Kong has risen to the second most competitive economy globally, trailing only Singapore. This represents the city's strongest performance in seven years. The rankings are based on a survey of 70 economies by the International Institute for Management Development.

    What's confirmed:

    • Singapore regained the top spot in the competitiveness ranking, overtaking Switzerland.
    • Taiwan reached a record fourth place in the IMD World Competitiveness Ranking.
    • Thailand rose to 26th in the IMD competitiveness ranking.
    • The International Institute for Management Development finds that strong institutions are an economy's greatest buffer against economic shocks.

    Still unconfirmed:

    • Hong Kong ranks second globally in government efficiency and business efficiency.
    • Hong Kong tops the rankings in tax policy and business legislation.
    • Hong Kong's competitiveness score is 99.2 out of 100.
    confidence 80%