Nigeria among Africa’s most competitive countries in 2025, according to IMD ranking

The latest World Competitiveness Ranking (WCR) by IMD Business School has revealed the most competitive countries in Africa for 2025. The new ranking highlights how African economies are navigating a period of global economic pressure marked by high inflation, tighter monetary policy, and rising debt levels.

The WCR evaluates 69 economies using data and executive surveys. It measures performance across four main areas which are economic performance, government efficiency, business efficiency, and infrastructure, offering a broad view of how countries are managing stability, innovation, and growth.

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In recent years, inflation and interest rates have reached their highest levels in decades. These developments have increased the cost of borrowing, added pressure on governments with large debts, and created uncertainty across financial systems. The IMD report notes that countries and businesses must prioritise productivity, financial discipline, and innovation to remain competitive in this environment.

Here are the most competitive African countries in 2025, according to IMD ranking

Kenya

Kenya tops the 2025 WCR, ranking 56th globally with a competitiveness score of 48. The country leads the continent, reflecting steady progress in business efficiency and economic management. Its performance shows an ongoing focus on improving productivity and attracting investment.

Botswana

Botswana ranks 59th globally with a competitiveness score of 46. It is the second most competitive economy in Africa and continues to perform strongly in governance and fiscal stability, which support its resilience in a challenging global climate.

Read also: Top 10 fastest-growing African economies in 2025

Ghana

Ghana is ranked 61st in the world, with a competitiveness score of 44. The country’s efforts to enhance its economic environment and strengthen the private sector have contributed to its standing in this year’s ranking.

South Africa

South Africa holds the fourth position among African nations, ranking 64th globally with a score of 42. Although it faces structural challenges, it remains one of the continent’s largest and most industrialised economies, maintaining a significant influence across the region.

Read also: Top 10 African economies forecasted with the highest GDP growth in 2025

Nigeria

Nigeria ranks 67th globally with a competitiveness score of 40. The country’s large population and ongoing economic reforms aimed at improving the business climate play a central role in sustaining its position among Africa’s leading economies.

Namibia

Namibia rounds off the list, ranking 68th globally with a competitiveness score of 38. Its performance highlights continued participation in international trade and ongoing efforts to strengthen the foundations of its economy.