Global Competitiveness Index of World Economic Forum defines the competition environment of 138 countries and the driving sources of their productivity and well-being. Index is prepared on the basis of 3 index (and 12 indicators) analysis. They are:
- Key factors: Institutions, infrastructure, macroeconomic environment, healthcase and primary education
- Efficiency enhancing factors: high education and tranings, commodity market effectiveness, labour market effectiveness, financial market development, technological readiness, market volume
- Inovations and development factors: business development, inovation
According to Global Competitiveness Index of 2016-2017 Georgia is the 59th out of 138 countries with 4.32 points (It was 66th in 2015-2016 and 86th in 2005-2006). Georgia has received the highest rating (4.5 points) in”efficiency in the commodity market”, the lowest (2.8 points) – in “Innovations”.
Switzerland holds the first place (5.81 points), while Yemen is on the 138th place (2.74 points).
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