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Slovenia leads SEE entrants in WEF's global competitiveness ranking

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

LJUBLJANA (Slovenia), October 17 (SeeNews) – Slovenia is leading the countries in Southeast Europe in the 2018 edition of the Global Competitiveness Report of the World Economic Forum, while Bosnia ranks as the region's worst performer.

Albania, Montenegro and Serbia are the only SEE countries with improved rankings compared with 2017, according to the Global Competitiveness Report 2018 published on Tuesday.

Slovenia ranks in the 35th position with a score of 69.6 out of 100, followed by Bulgaria in 51st position and Romania in the 52nd position, all unchanged from last year ranking.

Bosnia is the SEE worst performer in the ranking, down 1 spot to 91st position with a score of 54.2, while Serbia has improved the most compared to 2017, climbing five places to 65th position.

Details on the ranking and score of ten SEE countries in 2018 follow:

  Rank Score Rank (Diff. from 2017)
Albania 76th 58.1  +4
Bulgaria 51st 63.6 unchanged 
Bosnia 91st 54.2 -1
Croatia 68th 60.1 -2
Moldova 88th 55.5 -1
Montenegro 71st 59.6 +2
Macedonia 84th 56.6 n/a
Romania 52nd 63.5 unchanged
Serbia 65th 60.9 +5
Slovenia 35th 69.6 unchanged

Source: WEF

The United States came in first in the Global Competitiveness Report 2018 with a score of 85.6, followed by Singapore and Germany.

The score scale ranges from 0 for the worst performer to 100 for the best performer. The report, which covers 140 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, labor market, financial system, market size, business dynamism and innovation capability.