RANKINGS available in the IORMA Knowledge Hub
Hereunder follows a (non-exhaustive) list of rankings related to (mainly) economic data in order to show past present and future position positions of countries according to various indicators available. These rankings might be helpful to understand the relative position, trends and development of world economies.
Economic Freedom Index (EIF – 178 countries)
The Index of Economic Freedom is an annual index and ranking created by The Heritage Foundation and The Wall Street Journal in 1995 to measure the degree of economic freedom in the world’s nations. The creators of the index took an approach similar to Adam Smith’s in The Wealth of Nations, that “basic institutions that protect the liberty of individuals to pursue their own economic interests result in greater prosperity for the larger society”. To access the Index follow this link.
Ease of Doing Business Index (EDBI – 185 countries)
The ease of doing business index is an index created by the World Bank Group.[1] Higher rankings (a low numerical value) indicate better, usually simpler, regulations for businesses and stronger protections of property rights. Empirical research funded by the World Bank to justify their work show that the effect of improving these regulations on economic growth is strong.[2]The index is based on the study of laws and regulations, with the input and verification by more than 9,600 government officials, lawyers, business consultants, accountants and other professionals in 185 economies who routinely advise on or administer legal and regulatory requirements. Follow the link
Logistics Performance Index (LPI)
Logistics Performance Index (LPI) [1] is the weighted average of the country scores on the following six key dimensions: efficiency of the clearance process (i.e. speed, simplicity and predictability of formalities) by border control agencies, including Customs; Quality of trade and transport related infrastructure (e.g. ports, railroads, roads, information technology); Ease of arranging competitively priced shipments; Competence and quality of logistics services (e.g., transport operators, customs brokers); Ability to track and trace consignments; Timeliness of shipments in reaching destination within the scheduled or expected delivery time. This measure indicates the relative ease and efficiency with which products can be moved into and inside a country. Germany and Singapore are the most efficient and highest ranked LPI countries. Follow the link here
Networked Readiness Index (NRI – 140 countries)
The World Economic Forum’s Networked Readiness Index (NRI), also referred to as Technology Readiness, measures the propensity for countries to exploit the opportunities offered by information and communications technology (ICT). It is published in collaboration with INSEAD, as part of their annual Global Information Technology Report (GITR). The report is regarded as the most authoritative and comprehensive assessment of how ICT impacts the competitiveness and well-being of nations.The index was originally developed by the Information Technology Group, which worked at Harvard University’s Center for International Development until 2002. It seeks to better understand the impact of ICT on the competitiveness of nations and is a composite of three components:
1) the environment for ICT offered by a given country or community (market, political, regulatory, and infrastructure environment)
2) the readiness of the country’s key stakeholders (individuals, businesses, governments) to use ICT
3) the usage of ICT among these stakeholders. – To access the NRI follow this link
Corruption Perception Index (CPI – 167 countries)
Transparency International (TI) has published the Corruption Perceptions Index (CPI) since 1995, annually ranking countries “by their perceived levels of corruption, as determined by expert assessments and opinion surveys.” The CPI generally defines corruption as “the misuse of public power for private benefit.”
Global Retail Development Index (GRDI – 30 countries)
The annual A.T. Kearney Global Retail Development Index ranks 30 developing countries on a 0-to-100-point scale—the higher the ranking, the more urgency there is to enter a country. Countries are selected from 200 nations based on three criteria:
- Country risk: greater than 35 in the Euromoney country-risk score
- Population size: five million or more
- Wealth: GDP per capita of more than $3,000
For the 2016 edition, four out of the top five countries are in Asia. China takes the top spot despite its continued economic challenges and transformation. India’s huge market potential, fast growth, and improved ease of doing business move it into second place. On the other end of the spectrum are regions where a year of struggles have hurt retail. Latin America is grappling with political unrest and economic deceleration. Russia is still burdened by international sanctions and a deepening financial crisis. The Middle East is adjusting to cheap oil and ongoing regional conflicts. Follow the link here.