The 2025 World Competitiveness Ranking (WCR) from the IMD Business School places Nigeria among Africa’s most competitive economies, securing a global ranking of 67th with a competitiveness score of 40. This position is largely sustained by the nation’s enormous population size and continuous economic reforms designed to enhance the overall business climate.
The WCR evaluated 69 global economies across four fundamental areas: economic performance, government efficiency, business efficiency, and infrastructure. The 2025 report highlights how African nations are navigating a challenging global environment marked by high inflation, rising interest rates, and mounting debt levels. To maintain stability and foster growth in this climate, the IMD emphasizes the critical need for countries and businesses to prioritize innovation, productivity, and rigorous financial discipline.
On the African continent, Kenya led the ranking, securing the 56th global position with a score of 48. Kenya’s top placement reflects steady progress in business efficiency and sound economic management, underscoring its commitment to attracting foreign investment and boosting productivity. Botswana is closely followed as the second most competitive economy in Africa, ranking 59th globally (score 46). Botswana continues to exhibit strength in fiscal stability and governance, factors that support its resilience against global financial volatility.
Ghana, ranking 61st in the world (score 44), was third on the continent, primarily due to ongoing efforts to strengthen its private sector and improve the broader economic environment. South Africa, despite facing persistent structural challenges, remains the continent’s fourth most competitive country (64th globally, score 42), retaining significant economic influence due to its large and industrialized economy.
Rounding out the list of African entries was Namibia, which placed 68th globally with a score of 38. Namibia’s standing highlights its continued participation in international trade and sustained focus on fortifying its economic foundations. Nigeria’s fifth-place finish demonstrates its potential and ongoing drive for change amid widespread global economic strain.
