Kazakhstan retained 50th position in the global competitiveness ranking

Sept 03. Kazpravda

Kazakhstan retained 50th position in the global competitiveness rankingSeptember 3, the World Economic Forum (WEF) published an annual report on global competitiveness for 2014-2015.

Kazakhstan has retained its position in the global competitiveness ranking, and took 50th place with an overall average score 4.4, Kazpravda.kz informs. Kazakhstan is between Italy (49th position) and Costa Rica (51st).

The Global Competitiveness Index (GCI) consists of 119 indicators, 34 of which are based on the results of statistical data, and the rest – on survey of managers of medium and large enterprises in the country.

Among 12 main categories, Kazakhstan is 27th in macroeconomic environment and 15th in labor market efficiency, 52nd – in the size of the domestic market, 27th in macroeconomic stability,  62nd in Higher Education and Training, 62nd – in infrastructure, health and primary education – 96th, technological level – 61st, innovative potential – 85th, competitiveness of companies – 91st, quality of institutions – 57th, efficiency of commodity and services market – 54th. The weakest results are in the development of financial market – 98th position.

The study is based on processing of publicly available data and the results of a survey of 14 thousand CEOs in 144 countries.

The three most competitive countries in this ranking are Finland the 3rd position, Switzerland – the first and Singapore the second place. Russia took 53rd position (64th in 2013).