Estonia once again ranks 31st in the rankings of the 2015 World Competitiveness Yearbook of the Lausanne-based International Institute for Management Development (IMD), whereas Lithuania ranks 30th and Latvia 37th.
This year’s ranking is led by Hong Kong, Switzerland, the US, Singapore, and Sweden. Lithuania dropped by two places to 30th, while Latvia rose six places to 37th in the ranking that includes 61 countries.
Finland stayed at 20th and Russia rose two places to 44th.
Estonia’s highest position ever is 19th in the pre-crisis 2006 rankings.
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