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Hong Kong rises to number two in global competitiveness

Hong Kong jumped one place to become the world's second most competitive economy in the 2026 IMD World Competitiveness Ranking, marking its highest position since 2019.
The city's rise sustains a strong upward trajectory from 2024 and 2025, building on three consecutive years of improvement that the HKSAR Government welcomed.
Hong Kong ranks second in "government efficiency" and third in "business efficiency," reflecting the HKSAR Government's efforts to promote stable, business-friendly policies and a robust financial ecosystem.
Among sub-factors, Hong Kong tops rankings in "tax policy" and "business legislation," ranks second in finance, and third in "international trade" and "international investment."
The IMD noted competitive advantage hinges on credible institutions, predictable rules, and public trust, factors that remain critical for Hong Kong amid rising geopolitical tensions.

Insights by Ground AI