January 23 (SeeNews) - Croatia is the best ranked emerging economy in Southeast Europe in 2018 according to the Inclusive Development Index (IDI) put together by the World Economic Forum.
Croatia ranked 7th on a list of 74 emerging world economies with an overall score of 4.48, the Inclusive Development Index 2018 published on Monday by the WEF shows.
Romania too featured in this year's IDI top ten with a score of 4.43.
"These economies perform particularly well on Growth and Development, benefiting from EU membership, and Inclusion, with rising median living standards and declining wealth inequality," according to the publication.
Bulgaria ranked 11th with a score of 4.41, while Macedonia was 14th positions behind at the 25th spot with a score of 4.10.
Albania trailed in 28th position with a score of 4.08, followed by Moldova at the 31st position with a score of 4.00.
Serbia was the only other country from SEE included in IDI's list of developing economies. The country occupied the 43rd position with a score of 3.70.
Slovenia, on the other hand, took the 19th place on a list of 29 advanced economies in SEE. It scored 4.93, just a few points behind France. In 2017, Slovenia was placed 20th.
Developing SEE country rankings 2017 and 2018:
|
2018 |
2017 |
Croatia |
7 |
23 |
Romania |
10 |
5 |
Bulgaria |
11 |
18 |
Macedonia |
25 |
24 |
Albania |
28 |
38 |
Moldova |
31 |
34 |
Serbia |
43 |
42 |
The IDI is a project of the World Economic Forum’s System Initiative on the Future of Economic Progress, which aims to inform and enable sustained and inclusive economic progress through deepened public-private cooperation through thought leadership and analysis, strategic dialogue and concrete cooperation, including by accelerating social impact through corporate action.
It is an assessment of 103 countries’ economic performance that measures how countries perform on eleven dimensions of economic progress in addition to GDP.