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Slovenia leads SEE entrants in WEF's 2019 global competitiveness report

Slovenia leads SEE entrants in WEF's 2019 global competitiveness report Author: Ken Teegardin. Licence: Creative Commons, Attribution-ShareAlike 2.0 Generic.

LJUBLJANA (Slovenia), October 9 (SeeNews) – Slovenia scored best among the countries of Southeast Europe in the new edition of the Global Competitiveness Report of the World Economic Forum, while Bosnia ranks as the region's worst performer.

Bulgaria, Croatia, Moldova, North Macedonia and Romania are the only SEE countries with improved rankings compared with 2018, according to the Global Competitiveness Report 2019 published on Tuesday.

Slovenia ranks in 35th position with a score of 70.2 out of 100, unchanged from last year ranking, followed by Bulgaria in 49st position and Romania in 51st position.

Bosnia is the SEE worst performer in the ranking, down 1 spot to 92nd position with a score of 54.7, while Croatia has improved the most compared to 2018, climbing five places to 86th position.

Details on the ranking and score of ten SEE countries in Global Competitiveness Report 2019 follow:

  Rank Score Rank (diff. from 2018) Best ranking indicator Worst ranking indicator 
Albania 81 57.6 -5 Labour market Market size
Bulgaria 49 64.9 +2 ICT adoption Health
Bosnia 92 54.7 -1 Macroeconomic stability Business dynamism and Innovation capability
Croatia 63 61.9 +5 Infrastructure Business dynamism
Moldova 86 56.7 +2 ICT adoption Market size
Montenegro 73 60.8 -2 Labour market Market size
North Macedonia 82 57.3 +2 Health Product market
Romania 51 64.4 +1 ICT adoption Financial system
Serbia 72 60.9 -7 Infrastructure Financial system
Slovenia 35 70.2 unchanged Macroeconomic stability Market size

Source: WEF

The Netherlands leads the European countries in the report, ranking in 4th position, followed by Switzerland in 5th spot and Germany in 7th place.

Singapore came in first in the Global Competitiveness Report 2019 with a score of 84.8, followed by the United States and Hong Kong.

The score scale ranges from 0 for the worst performer to 100 for the best performer. The report, which covers 141 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 which measures factors such institutions, infrastructure, information and communication technology adoption, macroeconomic stability, health, education and skills, product market, labour market, financial system, market size, business dynamism and innovation capability.

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