CR improves by 9 notches in WEF global competitiveness ranking


03.09.2014 10:22

Geneva/Prague - The Czech Republic rose by nine notches to the 37th place in the ranking of countries' competitiveness of the World Economic Forum (WEF) this year, and Slovakia improved by three notches to the 75th place.


Papírny, výroba papíru - ilustrační foto. ČTK Šálek Václav

Switzerland leads the chart again among the 144 countries included in the comparison.

WEF uses twelve factors for the comparison, including infrastructure, education, labour market efficiency, technological preparedness and innovations.

The countries on top positions in the chart all reached very good results in the area of investments for support to innovations and to talented people.

"These smart and targeted investments have been possible thanks to a coordinated approach based on strong collaboration between the public and private sectors," WEB says in a statement.

Switzerland topped the ranking for the sixth time in a row. Five other European countries ended in the top ten and the rest of the top ten countries, apart from the USA, were from Asia.

China, which has the second biggest economy in the world, ended in the top 30, improving by one notch to the 28th place. The other emerging market economies like Brazil, India and Turkey, registered a worsening.

Global Competitiveness Index 2013-2014:

Ranking in 2014Ranking in 2013
1. Switzerland1.
2. Singapore2.
3. USA5.
4. Finland3.
5. Germany4.
6. Japan9.
7. Hong Kong7.
8. Netherlands8.
9. Great Britain10.
10. Sweden6.
28. China29.
36. Portugal51.
37. Czech Republic46.
38. Azerbaijan39.
75. Slovakia78.

Source: WEF

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