Latvia is considered the 51st most competitive country in the world this year, as opposed to 35th a year earlier. This is the worst result among the Baltic States, according to results of annual study by the Centre for Global Competitiveness of the Swiss-based International Institute for Management Development (IMD).
This study covered 64 countries of the world.
This year Lithuania is on the 32nd place in this competitiveness index. The country dropped by three positions when compared with the year prior.
Estonia has dropped by four positions. This country is considered the 26th most competitive country in the world. (BNN/Business World Magazine)
