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World's Balanced Competitiveness Score System

Spectrum Index - The Annual Scorebook 2023 is live

Explore the top 10 countries, and download full report.

Top 10 Countries Reflections

1 Switzerland

1 Switzerland

1 Switzerland

Switzerland achieved Spectrum Score of 75.86, and Spectrum Rank of 1. Switzerland has achieved a score of 62.96 in the Economy Pillar, ranking the country at 2. Switzerland's ESG (Environmental, Social, and Governance) Pillar score yielded 79.75, positioning the nation at the rank of 2. In terms of Freedom Pillar, Switzerland's score is 84.86 and the rank is 15.

2 Denmark

1 Switzerland

1 Switzerland

Denmark achieved Spectrum Score of 75.54, and Spectrum Rank of 2. Denmark has achieved a score of 58.18 in the Economy Pillar, ranking the country at 5. Denmark's ESG (Environmental, Social, and Governance) Pillar score yielded 78.63, positioning the nation at the rank of 4. In terms of Freedom Pillar, Denmark's score is 89.82 and the rank is 4.

3 Ireland

1 Switzerland

4 Netherlands

Ireland achieved Spectrum Score of 75.17, and Spectrum Rank of 3. Ireland has achieved a score of 65.35 in the Economy Pillar, ranking the country at 1. Ireland's ESG (Environmental, Social, and Governance) Pillar score yielded 70.27, positioning the nation at the rank of 16. In terms of Freedom Pillar, Ireland's score is 89.88 and the rank is 2.

4 Netherlands

4 Netherlands

4 Netherlands

Netherlands achieved Spectrum Score of 72.97, and Spectrum Rank of 4. Netherlands has achieved a score of 61.44 in the Economy Pillar, ranking the country at 4. Netherlands's ESG (Environmental, Social, and Governance) Pillar score yielded 71.66, positioning the nation at the rank of 14. In terms of Freedom Pillar, Netherlands's score is 85.82 and the rank is 11.

5 Sweden

4 Netherlands

5 Sweden

Sweden achieved Spectrum Score of 72.86, and Spectrum Rank of 5. Sweden has achieved a score of 55.9 in the Economy Pillar, ranking the country at 7. Sweden's ESG (Environmental, Social, and Governance) Pillar score yielded 76.15, positioning the nation at the rank of 5. In terms of Freedom Pillar, Sweden's score is 86.52 and the rank is 7.

6 Norway

4 Netherlands

5 Sweden

Norway achieved Spectrum Score of 71.71, and Spectrum Rank of 6. Norway has achieved a score of 52.69 in the Economy Pillar, ranking the country at 9. Norway's ESG (Environmental, Social, and Governance) Pillar score yielded 75.75, positioning the nation at the rank of 7. In terms of Freedom Pillar, Norway's score is 86.7 and the rank is 6.

7 Singapore

9 United Kingdom

7 Singapore

Singapore achieved Spectrum Score of 71.64, and Spectrum Rank of 7. Singapore has achieved a score of 62.46 in the Economy Pillar, ranking the country at 3. Singapore's ESG (Environmental, Social, and Governance) Pillar score yielded 75.7, positioning the nation at the rank of 8. In terms of Freedom Pillar, Singapore's score is 76.75 and the rank is 36.

8 Finland

9 United Kingdom

7 Singapore

Finland achieved Spectrum Score of 71.59, and Spectrum Rank of 8. Finland has achieved a score of 53.1 in the Economy Pillar, ranking the country at 8. Finland's ESG (Environmental, Social, and Governance) Pillar score yielded 71.82, positioning the nation at the rank of 13. In terms of Freedom Pillar, Finland's score is 89.86 and the rank is 3.

9 United Kingdom

9 United Kingdom

9 United Kingdom

United Kingdom achieved Spectrum Score of 70.26, and Spectrum Rank of 9. United Kingdom has achieved a score of 49.91 in the Economy Pillar, ranking the country at 14. United Kingdom's ESG (Environmental, Social, and Governance) Pillar score yielded 80.65, positioning the nation at the rank of 1. In terms of Freedom Pillar, United Kingdom's score is 80.23 and the rank is 23.

10 Iceland

Fairness of Assessment

9 United Kingdom

Iceland achieved Spectrum Score of 69.7, and Spectrum Rank of 10. Iceland has achieved a score of 42.83 in the Economy Pillar, ranking the country at 28. Iceland's ESG (Environmental, Social, and Governance) Pillar score yielded 75.59, positioning the nation at the rank of 9. In terms of Freedom Pillar, Iceland's score is 90.69 and the rank is 1.

Reflections

Fairness of Assessment

Fairness of Assessment

It is visible from the top 10 achieving countries that there is no single country who excel in all three domains equally. The scores and ranks differ per country, and this reflects the nature of competitiveness focus areas in each country.

Fairness of Assessment

Fairness of Assessment

Fairness of Assessment

Several countries with very low population or very small geographical area have been removed to build the index with high fairness.

Top 10 Countries Average Scoring Across Indicators

Chart Legends

E: Economy Pillar, E1: Economic Complexity Index, E2: Global Competitiveness Yearbook, E3: Global Innovation Index, E4: Logistic Performance Index, 

E5: Foreign Direct Investment (FDI) net inflows, % GDP, E6: GDP per Capita, and E7: GDP/unit of energy use, 


ESG: Environment, Social, and Governance Pillar, EN1: Environmental Performance Index, EN2: Ecological Threat Report, S1: QS World University Rankings, 

S2: Trends in International Mathematics and Science Study, S3: Human Development Index, S4: Legatum Prosperity Index, S5: Travel & Tourism Development Index, G1: Worldwide Governance Indicator, G2: Corruption Perception Index, G3: Bertelsmann Transformation Index, and G4: ESG Global Rating Tracker.


F: Freedom Pillar, F1: Index of Economic Freedom, F2: Press Freedom, F3: Freedom House, F4: Global Gender Gap Report, F5: Women, Business and law, F6: Global Peace Index, F7: Global Terrorism Index, and F8: Safety Perceptions Index

Spectrum Index Annual Scorebook 2023 (pdf)Download

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