The World Competitiveness Yearbook (WCY) is the world’s most renowned and comprehensive annual report on the competitiveness of nations, ranking and analyzing how a nation’s environment sustains the competitiveness of enterprises.
Published annually since 1989, the IMD yearbook examines the relationship between a country’s national environment and the wealth-creation process, ranking “the ability of nations to provide an environment that sustains the competitiveness of enterprises.”
The interactions of four competitive factors are analyzed: economic performance, government efficiency, business efficiency, and infrastructure. Each category is broken down into five subcategories, which are evaluated with multiple measures. In all, data is collated across more than 300 competitiveness criteria. These cover a multitude of measures as varied as GDP per capita, levels of tax evasion, Nobel prizes per capita, and how open the national culture is to foreign ideas.