No. 51 Russia

Change Since 2009 Ranking: –2
Real GDP Growth, 2009: –7.9 percent
Per Capita GDP, 2009: $14,659

World Competitiveness Rankings:

Economic Performance: 49
Government Efficiency: 40
Business Efficiency: 53
Infrastructure: 38

Russia is richer than it is competitive. Per capita GDP ranks 38th in the world, but its IMD ranking has slipped eight positions since 2007 to 51st—the lowest among the so-called BRIC countries. Among the main reasons: poor productivity and efficiency, weak management practices, unfavorable prices, and low marks for health/environment. Russia does a lot better in scientific infrastructure, fiscal policy, and international investment.