“Climbing three positions compared to 2022, Portugal appears in 39th place in the study published by the IMD World Competitiveness Center (WCC) […]. Recovering from a fall of six places last year”, according to IMD and reported by ECO.

This assessment, which covers 64 global economies, is now led by Denmark, Ireland and Switzerland, with Singapore and the Netherlands rounding out the top five.

Portugal registered improvements in two of the four key indicators. In the case of economic performance, it moved from 46th to 42nd, while in business efficiency it is now in 41st position, compared to 42nd last year.

However, in terms of government efficiency, it remains in 43rd place. In the score for the infrastructure factor, the country drops two places (32nd).

According to the same note, Portugal stood out positively in sub-factors such as education (23rd place), membership (24th), international trade (26th) and health and environment (27th).

“Portugal's improvement in the overall ranking is largely due to its significant progress in terms of economic performance, namely in the sub-factors world economy and international trade. Portugal also performs well in some aspects of business efficiency, such as overall productivity, long-term workforce growth, the stock exchange index, and the efficiency of the private sector’s response to market opportunities and threats,” according to a senior economist of the WCC, José Caballero.