Mexico moves up a notch on Swiss competitiveness ranking 

Mexico moved up 1 presumption successful the 2025 World Competitiveness Ranking conducted by the Institute for Management Development (IMD) of Switzerland, which evaluates 69 economies globally. But the results bespeak that there’s plentifulness of country for improvement. 

Mexico’s flimsy summation from spot 56 to 55 reflects a marginal betterment successful the country’s economical improvement and show compared to 2024. 

One of the recommendations that the ranking enactment (IMD) has for Mexico to determination up successful the ranking is to instrumentality structural reforms successful acquisition and cleanable energy. (Carolina Jiménez Mariscal/Cuartoscuro)

Among the Latin American nations that IMD evaluated, Mexico ranks beneath Chile (42) and Colombia (54), but supra Brazil (58), Peru (60) and Argentina (62). 

In the wide ranking, Switzerland, Singapore, Hong Kong, Denmark and the United Arab Emirates ranked arsenic the world’s astir competitory economies. Meanwhile, Canada (No. 11), Germany (No. 19) and Luxembourg (No. 20) climbed the astir wrong the apical 20. 

The United States came successful astatine No. 13 and the United Kingdom astatine No. 29.

The IMD is an autarkic world institute with Swiss roots and campuses successful Singapore and China. It emphasizes that its competitiveness ranking is not based solely connected the accustomed economical indicators.

“An economy’s competitiveness cannot beryllium reduced to its GDP, productivity oregon employment levels,” reads a connection connected the IMD website. “It tin beryllium gauged lone by considering a analyzable matrix of political, societal and taste dimensions.” 

Still, currencies and commercialized are important factors successful the ratings.  

“Strong currencies are emerging arsenic an indicator of semipermanent success,” Arturo Bris, manager of the Global Competitiveness Center (GCC), which compiled the ranking for the IMD, said. “At the aforesaid time, the reorganization of planetary commercialized networks is revealing however accessible countries person been acting successful their champion interests, and the statement is proving affirmative for economies, successful stark opposition to the effects of polarization.”

How bash the results for Mexico interruption down?

According to the report, Mexico’s show looks arsenic follows.

Economic performance: Mexico ranked 39th, with notable results successful employment (No. 9) and home system (No. 30), but little rankings successful planetary commercialized (No. 52) and prices (No. 55). However, planetary commercialized moved up 5 positions compared to 2024. 

Government efficiency: Mexico ranked 62nd, with its champion standing successful fiscal argumentation (No. 23). However, it lags down successful organization model (No. 62) and concern authorities (No. 62).

Business efficiency: The state came successful astatine 54th, with ratio and productivity signaling astatine the apical (No. 38), but with weaknesses successful concern (No. 62), and attitudes and values ​​(No. 57).

Infrastructure: Mexico ranked 61st, with lags successful basal infrastructure (No. 66), technological infrastructure (No. 62), and acquisition infrastructure (No. 64).

In identifying Mexico’s “challenges and considerations,” IMD’s study notes that Mexico indispensable leverage U.S. economical argumentation to boost its home marketplace done innovation and nearshoring.

It besides points to the request for structural reforms successful acquisition and cleanable energy, arsenic good arsenic improving logistics infrastructure and strengthening planetary relations to execute higher GDP maturation (2-3%). Mexico is presently forecast to turn between 0 and 0.2% successful 2025.

Last year, Mexico ranked No. 56 overall, the aforesaid arsenic successful 2023. However, the ranking included 3 caller economies this year: 2 that ranked beneath Mexico (Ghana and Nigeria), and 1 that ranked supra Mexico (Puerto Rico).

With reports from El Economista