Romania ranks 47th in IMD’s World Digital Competitiveness Ranking

Romania has climbed seven positions in the recent IMD World Digital Competitiveness Ranking report, reaching place 47 out of 63 countries, according to a statement released by INACO (The Competitiveness Initiative).

Romania’s strengths are internet speed (12^th place), the number of science graduates (14^th place) and digital skills (15^th place). On the other hand, the country is lagging behind when it comes to city management (59^th place), financing for technological development (57^th place) and public-private partnerships (62^nd place).

The study is conducted annually by the IMD Center for Global Competitiveness, a pioneer of the last 30 years in researching the ways countries and companies compete to establish sustainable values to increase quality of life. The report published this week presents the general 2018 ranking for the 63 economies covered by the study, calculated based on 50 criteria related to 3 major directions: technology, knowledge and future readiness. This year, most countries in the study (29) had an improvement in their digital skill level, 26 had a decrease and eight economies have stagnated for this indicator.

The goal of the ranking is to evaluate the extent to which a country uses digital technologies that lead to the transformation of governmental practices, business models and society in general.

For all the main indicators, Romania appears in the second half of the ranking – 44^th for technology, 45^th for knowledge and 57^th for future readiness.

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The United States lead the IMD ranking for digital competitiveness in 2018, followed by Singapore, Sweden, Denmark and Switzerland.