Serbia jumps five places in global competitiveness report

Serbia has jumped five places in the World Economic Forum (WEF) Global Competitive Index Report 2018 and is now ranked 65th among 140 countries.

Compared to the previous year’s report, Serbia has achieved progress in all fields except institutions. The country’s received the best grades in health care (81.5 of possible 100 points), macroeconomic stability (75) and infrastructure (73). Its lowest grades are in innovation capability (39.7 points), market size (50.7) and institutions (51.6).

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Slovenia is leading the countries in Southeast Europe in the 2018 edition of the Global Competitiveness Report of the World Economic Forum, while Bosnia is ranked as the worst performer in the region. Albania, Montenegro and Serbia are the only SEE countries with improved rankings compared to 2017.

Slovenia ranked in the 35th position with a score of 69.6 out of 100, followed by Bulgaria at 51st and Romania at 52nd position, all unchanged from last year’s ranking.

Bosnia is the SEE worst performer in the ranking, down 1 spot to the 91st position with a score of 54.2, while Serbia has improved the most compared to 2017, climbing five places.

The United States came first in the Global Competitiveness Report 2018 with a score of 85.6, followed by Singapore and Germany. The score scale ranges from 0 for the worst performer to 100 for the best performer.

The report, which covers 140 countries, assesses their ability to provide high levels of prosperity to their citizens, depending on how productively a country uses available resources.

It uses a global competitiveness index that measures such factors as macroeconomic stability, health care, education and skills, product market, labour market, financial system, market size, business dynamism, environment for doing business, human capital, markets and innovation ecosystem.

(Nova Ekonomija, 17.10.2018)

http://novaekonomija.rs/vesti/vesti-iz-zemlje/srbija-napredovala-za-pet-mesta-na-listi-indeksa-globalne-konkurentnosti

 

This post is also available in: Italiano

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