IMD Ranking: Australia’s GDP Growth per Capita Drops From 20 to 60

Australia has fallen five spots to 18th place in the World Competitiveness Yearbook 2025, slipping from 13th last year among 69 economies.

The yearbook, released by the International Institute for Management Development (IMD) in partnership with the Committee for Economic Development of Australia (CEDA), attributes the decline to sluggish economic growth and deteriorating business efficiency.