The 10 countries with
the best infrastructure in the world
There are many factors that make up a successful and thriving economy and a
major aspect of that is infrastructure, such as transport and utilities.
Although central banks have injected nearly $10 trillion (£7.5 trillion)
into the global economy, many countries’ investments into
“productivity-enhancing investments such as new infrastructure, R&D and
skills development in the current and future workforce have been suboptimal,”
according to the World Economic Forum (WEF) benchmark Global
Competitiveness Report.
Therefore, WEF says, “the global economy is ill-prepared for a downturn
after a lost decade for productivity-enhancing measures.”
Topping the list of countries with the best infrastructure were primarily
Asian and European countries — led by Singapore, which was scored 95.4.
Singapore may be a small island city-state but it is considered the most competitive economy
in the world.
It is considered one of the financial capitals of the Asia-Pacific with 60%
of project finance in Southeast Asia lead-managed by Singapore-based banks.
That’s down to it being known as one of the world leaders in infrastructure —
everything from management and investment, to structuring.
It perhaps comes as no surprise that the UK and US both missed out on a
place in the top 10. The UK came in 11th with a score of 88.9 while the US came
in 13th with 87.9.
The annual Global
Competitiveness Report looks at 98 indicators
across 140 countries to determine the overall ranking. Each indicator uses a
scale from 0 to 100, to signify how close an economy is to the ideal state or
“frontier” of competitiveness. Those indicators are then organised into 12 pillars,
such as health, skills, financial system, infrastructure, and institutions. It
uses surveys as well as official government and statistical data.
The 10 countries with the best infrastructure in the world. Table:
wEF/Yahoo Finance
The report is then used as a tool by over 100 of the world’s leading
companies and 100 international, civil society and academic organisations to
see how they can make the economy, workforces, and businesses more productive
and integrate equality and inclusion into the new economy, aiming to reach 1
billion people with improved economic opportunities.
When analysing the infrastructure pillar, WEF assessed the quality and
extension of transport infrastructure (road, rail, water and air) and utility
infrastructure (electricity and water) through looking at everything from road
connectivity to railroad density. It then calculated a score out of 100.
Rank country/economy value
(0-100)
1 Singapore 95.4
2
Netherlands 94.3
3
Hong Kong 94.0
4
Switzerland 93.2
5 Japan 93.2
6
Korea Rep
92.1
7
Spain 90.3
8 Germany 90. 2
9
France
89.7
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