Taiwan is ranked fourth place in the International Institute for Management Development’s (IMD) 2026 World Competitiveness Ranking. Released this Thursday, June 18, the ranking lists Singapore in first place, followed by Hong Kong, Switzerland, then Taiwan.

The IMD compares 70 economies worldwide and uses economic performance, government efficiency, business efficiency, and infrastructure criteria to determine scores.

The IMD website ranks Taiwan 5th in economic performance, 6th in government efficiency, 4th in business efficiency, and 10th in infrastructure. Taiwan’s highest rankings include 2nd place in domestic economy under the economic performance category and 2nd in management practices under the business efficiency category.

The report’s analysis attributes Singapore’s rise from second place in 2025 to first place to its business efficiency. 

Following Taiwan in the ranking are the United Arab Emirates in fifth place, then Denmark, Ireland, the Netherlands, Sweden, and the United States.