September 27 (SeeNews) - Slovenia is leading the group of countries from Southeast Europe (SEE) in this year's edition of the Global Competitiveness Report of the World Economic Forum (WEF), while Bosnia remained the region's worst performer for a third straight year.
Romania is the only SEE country assessed as less competitive than it was a year earlier, while Slovenia, Bosnia, Bulgaria, Montenegro, Serbia, Moldova and Albania have all improved their rankings, according to the Global Competitiveness Report 2017-2018 published on Tuesday.
Slovenia moves up eight spots to 48th position with a score of 4.48, taking over from Bulgaria, which last year topped the list of SEE entrants ranking 50th. In the current edition of the report Bulgaria moves up one place to 49th position.
Despite remaining the SEE worst performer in the ranking, Bosnia climbs five places to 103th spot with a score of 3.87.
Serbia is the SEE country which has improved the most compared to last year's ranking, climbing 12 places to 78th position.
Details on the ranking and score of nine SEE countries follow:
|
2017-2018 |
Score |
2016-2017 |
Albania |
75th |
4.18 |
80th |
Bulgaria |
49th |
4.46 |
50th |
Bosnia |
103rd |
3.87 |
107th |
Croatia |
74th |
4.19 |
74th |
Moldova |
89th |
3.99 |
100th |
Montenegro |
77th |
4.15 |
82nd |
Romania |
68th |
4.28 |
62nd |
Serbia |
78th |
4.14 |
90th |
Slovenia |
48th |
4.48 |
56th |
Source: WEF
Switzerland came in first in the Global Competitiveness Report 2017-2018 with a score of 5.86, followed by the United States and Singapore.
The report, which covers 137 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 as macroeconomic stability, infrastructure, labour market efficiency, market size, business and financial market sophistication and technological readiness.