Georgia ranks 74th in Global Competitiveness Index
Baku, Azerbaijan, October 9
By Tamilla Mammadova – Trend:
According to the Global Competitiveness Index, the situation of Georgia has worsened by eight points compared to last year, Trend reports referring to a report published by the World Economic Forum for 2019.
Georgia ranks 74th among 141 countries, the report said. Meanwhile, Georgia was at the 66th position in the report for 2018.
The rating is based on 12 key indicators. The situation in Georgia has improved in six components: infrastructure (73rd place), skills (46th place), financial system (91st place), market size (104th place), business dynamics (58th place), innovative opportunities (91 place).
The deterioration was recorded in terms of the implementation of information and communication technologies (55th place), macroeconomic stability (84th place), healthcare (87th place), food market (48th place) and labor market (37th place).
Singapore ranks first in the ranking. It is followed by the US, Hong Kong, the Netherlands and Switzerland. Chad ranks last in the list.
As for the countries neighboring Georgia, according to the Global Competitiveness Index, Russia takes 43rd place, Azerbaijan - 58th, Turkey - 61st.
The Global Competitiveness Index is a global study and the accompanying ranking of countries around the world in terms of economic. It is calculated according to the methodology of the World Economic Forum, based on a combination of publicly available statistics and the results of a global survey. The study has been conducted since 2004 and currently represents the most comprehensive set of competitiveness indicators for various countries of the world.