The annual IMD World Competitiveness Yearbook analyses the capacity of countries to stimulate and sustain business competitiveness, using a composite competitiveness index based on four pillars: economic performance, government efficiency, business efficiency, and infrastructure. In 2018, France rose three places and is now ranked 28th in the world.
The 2018 rankings highlight a clear improvement in France's position in the business environment, thanks in particular to a number of key strengths. They have enabled France to strengthen its competitiveness in a highly competitive environment, and include:
- - Infrastructure that are among the best in the world (ranked 12th for scientific infrastructure, and 11th for health and environmental infrastructure);
- Excellent innovation and scientific performances (ranked third for qualified engineers available in the job market, sixth for business R&D expenditure, and fourth for Nobel Prizes since 1950);
- A highly productive workforce (ranked sixth for qualifications, 12th for hourly productivity, 13th for productivity per person);
- An internationally focused economy (ranked world’s fourth exporter of services, eighth exporter of goods, seventh in terms of outward FDI stock, and 11th in terms of inward FDI stock).