International Trade Helps Hong Kong Climb to No. 2 in Global Competitiveness
Hong Kong has climbed to second place in the World Competitiveness Yearbook 2026, marking its third straight year of improvement and its highest ranking since 2019.
Government Efficiency and Infrastructure Lead Performance
The city’s strong performance was driven by high scores in government efficiency, business efficiency, and infrastructure. It also ranked among the world’s top performers for international trade, international investment, finance, and education.
Business-Friendly Policies Reinforce Global Leadership
Hong Kong secured the top spot for tax policy and business legislation, while placing third globally for international trade. These results highlight the city’s role as a leading business and financial hub.
The government said the rankings reflect its commitment to maintaining open markets, business-friendly policies, and a stable legal system. These strengths continue to attract companies and investors from around the world.
Innovation and Long-Term Planning Drive Future Growth
Despite ongoing global economic challenges, Hong Kong is using its unique position to strengthen links between mainland China and international markets. Continued investment in innovation and long-term planning is expected to further support international trade and future economic growth.
The government is also preparing its first Five-Year Plan, which aims to strengthen Hong Kong’s position as a global connector for business, investment, and international trade.
