Brasília – A decline in enterprise efficiency has caused Brazil to lose positions in the global competitiveness ranking for the fourth straight year. As per the Global Competitiveness Report, the country has placed 54th among 60 countries surveyed in 2014. The country is down three positions from last year.
In the last four years, Brazil lost the most positions, at 16. In 2010, Brazil ranked 38th. The United States, Switzerland and Singapore top the ranking. Brazil has outperformed only Slovenia, Bulgaria, Greece, Argentina, Croatia and Venezuela.
The survey was conducted by the International Institute for Management Development (IMD), a Swiss business school. In Brazil, data collection and was entrusted to Fundação Dom Cabral, a private teaching institution focusing on business.
According to the authors of the survey, the results have changed from previous years. Up until 2013, Brazil was losing positions due to the progress of other countries. This year, however, the decline is directly linked to Brazil’s own economy, such as higher costs stemming from inflation, and the country’s low rate of foreign trade, which is causing Brazilian companies to lose international market share.
*Translated by Gabriel Pomerancblum
