Kazakhstan rises one step in global competitiveness rating
September 4. Trend
Kazakhstan rose by one step in the competitiveness rating of world economies for 2013-2014 prepared by the World Economic Forum.
According to the annual report from the World Economic Forum, Kazakhstan took 50th place in the global index of competitiveness among 148 countries.
According to the report, the best performances in the country are fixed in the effectiveness of the labour market (15th) and macroeconomic stability (23rd).
Another Central Asian country Kyrgyzstan has also improved its performance and rose from the 127th place to the 121st place in the global competitiveness rating.
The first three places in the competitiveness rating of world economies is unchanged since last year; Switzerland, Singapore and Finland respectively.
In calculating the index of competitiveness, the World Economic Forum uses 12 main indicators for each country. These are the quality of institutions, infrastructure, macroeconomic stability, health and primary education, higher education and professional training, the effectiveness of commodity market, the effectiveness of labour market, the development of finance market, technological level, the volume of domestic market, the competitiveness of companies and innovation potential.