SA as competitive as Bahrain, says survey

South Africa has slipped in the Global Competitiveness Index ranks from 36th position last year to 44th this year, according to the World Economic Forum.

South Africa has slipped in the Global Competitiveness Index ranks from 36th position last year to 44th this year, according to the World Economic Forum.

When compared with the same countries included in the index last year, South Africa would be at position 41.

The countries included in the index this year differ to those of the previous year, as two countries that were included last year, Angola and Malawi, are excluded this year due to lack of survey data.

In addition Serbia and Montenegro are now treated as two individual countries after being treated as a single entity last year.

South Africa has the same competitiveness score as Bahrain.

Several countries in the Middle East and North Africa are in the upper half of the rankings, led by Israel at 17, Kuwait at 30, Qatar at 31 and Tunisia at 32.

The United States tops the overall ranking in the Global Competitiveness Report, while Switzerland is in second position followed by Denmark, Sweden, Germany, Finland and Singapore, respectively. China and India continue to lead the way among large developing economies.

"The US confirms its position as the most competitive economy in the world. The efficiency of the country's markets, the sophistication of its business community, the impressive capacity for technological innovation that exists within a first-rate system of universities and research centres, all contribute to making the US a highly competitive economy," said Xavier Sala-i-Martin, Professor of Economics at Columbia University and co-editor of the report. - I-Net Bridge - I-Net Bridge

X