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IMD RANKS ISRAEL 17TH MOST COMPETITIVE ECONOMY IN 2011

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Monday, June 6th, 2011

The International Institute of Management Development (IMD) in Lausanne, Switzerland, in its 2011 World Competitiveness Yearbook ranked Israel in the 17th place among the world’s 59 leading economies in terms of competitiveness. Israel was also ranked 17th in 2010.

The Israeli economy remained first in the world in total expenditures of R&D as a percentage of GDP and was also ranked first in entrepreneurship, central bank policy and scientific research. In terms of access to venture capital, Israel was rated 2nd in the world.