Synopsis: Entrepreneurship: Economics: Economy:

and Member of the Managing Board Jennifer Blanke Chief Economist THE GLOBAL COMPETITIVENESS AND BENCHMARKING NETWORK Margareta Drzeniek Hanouz,

Head of the Global Competitiveness and Benchmarking Network and Lead Economist Beñat Bilbao-Osorio, Associate Director, Senior Economist Ciara Browne, Director Roberto Crotti, Quantitative Economist

Attilio Di Battista, Junior Quantitative Economist Gaëlle Dreyer, Research Associate Caroline Galvan, Senior Manager, Economist Thierry Geiger, Associate Director, Senior Economist Tania Gutknecht, Community Manager Cecilia Serin, Senior

Associate We thank Hope Steele for her superb editing work and Neil Weinberg for his excellent graphic design and layout.

Data Presentation 97 2. 1 Country/Economy Profiles 99 How to Read the Country/Economy Profiles...

101 Index of Countries/Economies...103 Country/Economy Profiles...104 2. 2 Data Tables 393 How to Read the Data Tables...

395 Index of Data Tables...397 Data Tables...399 Technical Notes and Sources 537 About the Authors 547 Contents 2014 World Economic Forum 2014 World Economic Forum The Global Competitiveness Report 2014

Universidad Austral Nicolás Bernabé, Research Analyst Eduardo Fracchia, Director of Academic department of Economics Armenia Economy and Values Research center Manuk Hergnyan, Chairman Sevak Hovhannisyan

, Board member and Senior Associate Tamara Karapetyan, Research Associate Australia Australian Industry Group Gareth Shaw, Research Coordinator Julie Toth, Chief Economist Innes

Sara Wong, Professor Egypt The Egyptian Center for Economic Studies (ECES) Iman Al-Ayouty, Senior Economist Tarek El-Ghamrawy, Economist Omneia Helmy

General manager Tegenge Teka, Senior Expert Finland ETLA The Research Institute of the Finnish Economy Markku Kotilainen, Research director Petri Rouvinen, Research director Vesa Vihriälä, Managing director

, President Seth Twum-Akwaboah, Executive director Greece SEV Hellenic Federation of Enterprises Michael Mitsopoulos, Senior Advisor, Infrastructures and Business Environment Thanasis Printsipas, Economist

Pharel, Chief executive officer and Chairman Hong kong SAR Hong kong General Chamber of commerce David O'Rear, Chief Economist Federation of Hong kong Industries Alexandra Poon, Director Hungary

Principal Associate Eleanor Doyle, Director Catherine Kavanagh, Principal Associate Forfás, Economic Analysis and Competitiveness Department Adrian Devitt, Manager Conor Hand, Economist

Economy and Special Surveys Statistics Division Vilija Lapeniene, Director General Gediminas Samuolis, Head, Knowledge Economy and Special Surveys Statistics Division Luxembourg Luxembourg

Chamber of commerce Annabelle Dullin, Research Analyst Carlo Thelen, Chief Economist, Director General Lynn Zoenen, Research Analyst Macedonia, FYR National Entrepreneurship and Competitiveness

. Pardinas, General Director María Zimbrón Alva, Communication Coordinator Ministry of the Economy Adolfo Cimadevilla Cervera, Technical Secretary for Competitiveness Sergio Merino González, Deputy

and Economic Research Dmytro Boyarchuk, Executive director Vladimir Dubrovskiy, Leading Economist United arab emirates Department of Economic Development Abu dhabi, Competitiveness Office of Abu dhabi (COAD) Mohammed Omar

when the global economy seems to be finally leaving behind the worst and longest-lasting financial and economic crisis of the last 80 years.

and the United kingdom. As the economy improves in these countries, a normalization of monetary policy with tightening financial conditions could have an impact on both advanced and emerging economies.

Moreover, the strained geopolitical scenarios with rising tensions in a number of regions can also have negative consequences for the global economic outlook.

in order to ensure robust economic growth that supports more-inclusive economies. Economic and social agendas must go hand in hand

and focus on reforms that will render economies more productive and open up new and better job opportunities for all segments of the population.

and a high capacity to innovate hold the key for the success of any economy. These elements will continue to be even more essential in the future.

since its inception the Report has aimed to build a shared understanding of the main strengths and weaknesses of each of the economies covered,

In sum, the social and environmental dimensions of an economy need to be considered fully in any growth or development agenda.

This year's Report provides an overview of the competitiveness performance of 144 economies, and thus continues to be the most comprehensive assessment of its kind globally.

It contains a detailed profile for each of the economies included in the study, as well as an extensive section of data tables with global rankings covering over 100 indicators.

namely Jennifer Blanke, Chief Economist; and Margareta Drzeniek Hanouz, Head of The Global Competitiveness and Benchmarking Network,

Overall, growth prospects in advanced economies are better than they have been in recent years, albeit very unevenly distributed.

Japan's economy, while still needing to translate Abenomics into stronger private demand, seems to be waking up after two decades of stagnation.

Emerging economies are forecasted to grow more modestly than they did in the past. After several years of doing very well and leading global growth,

their performance may be affected by a changing environment characterized by greater difficulty accessing capital as well as lower prices for the commodities that fueled past growth a trend that is also likely to affect many developing economies.

and Central banks in countries such as the United kingdom and Japan to substantially expand the amount of money available in the economy.

a normalization of the monetary policy with a tightening of the financial conditions for both advanced and, most notably, emerging economies could jeopardize the rather positive forecast,

or even deflation, in key advanced economies remains a tangible risk that could derail recovery

but on boosting the level of productivity of economies. In order to achieve higher levels of productivity

The level of productivity, in turn, sets the level of prosperity that can be reached by an economy.

The productivity level also determines the rates of return obtained by investments in an economy,

In other words, a more competitive economy is one that is likely to grow faster over time. The concept of competitiveness thus involves static and dynamic components.

which is one of the key factors explaining an economy's growth potential. Many determinants drive productivity and competitiveness.

Understanding the factors behind this process has occupied the minds of economists for hundreds of years,

engendering theories ranging from Adam smith's focus on specialization and the division of labor to neoclassical economists'emphasis on investment in physical capital and infrastructure, 2 and, more recently, to interest in other mechanisms such as education and training, technological

In addition, Appendix A assesses statistically the robustness of the GCI as an appropriate estimate of the level of productivity and competitiveness of an economy.

given the increasing role played by the state at the international level and for the economies of many countries.

The Global Competitiveness Index 2014 2015 by the Global Agenda Council on Competitiveness More than ever, cities are the lifeblood of the global economy.

and to identify ways countries can systematically transform their economies. It monitors key trends, identifies global risks, charts relationships,

Clément Gignac, Chief Economist and Senior vice-president, Industrial Alliance Insurance and Financial services, Canada (Vice Chair; Deborah L. Wince-Smith, President, Council on Competitiveness, USA (Vice Chair;

Mohamed El Dahshan, Regional Economist, African Development Bank; Janamitra Devan, Independent Adviser, Strategy and Leadership, USA;

An economy is served well by businesses that are run honestly, where managers abide by strong ethical practices in their dealings with the government, other firms,

Infrastructure Extensive and efficient infrastructure is critical for ensuring the effective functioning of the economy,

Economies also depend on electricity supplies that are free from interruptions and shortages so that businesses and factories can work unimpeded.

it is recognized also that macroeconomic disarray harms the economy, as we have seen in recent years, conspicuously in the European context.

the economy cannot grow in a sustainable manner unless the macro environment is stable. Macroeconomic stability captured the attention of the public most recently when some advanced economies, notably the United states and some European countries,

needed to take urgent action to prevent macroeconomic instability when their public debt reached unsustainable levels in the wake of the global financial crisis.

The Global Competitiveness Index 2014 2015 economy. Basic education increases the efficiency of each individual worker.

Higher education and training Quality higher education and training is crucial for economies that want to move up the value chain beyond simple production processes and products. 12 In particular,

today's globalizing economy requires countries to nurture pools of well-educated workers who are able to perform complex tasks

which is neglected in many economies for ensuring a constant upgrading of workers'skills. Sixth pillar:

as well as to ensure that these goods can be traded most effectively in the economy. Healthy market competition, both domestic and foreign, is important in driving market efficiency,

The recent economic crisis has highlighted the high degree of interdependence of economies worldwide and the degree to

Labor market efficiency The efficiency and flexibility of the labor market are critical for ensuring that workers are allocated to their most effective use in the economy

as well as those entering the economy from abroad, to their most productive uses. It channels resources to those entrepreneurial or investment projects with the highest expected rates of return rather than to the politically connected.

Therefore economies require sophisticated financial markets that can make capital available for private-sector investment from such sources as loans from a sound banking sector

so clear recently financial markets need appropriate regulation to protect investors and other actors in the economy at large.

which an economy adopts existing technologies to 2014 World Economic Forum 1. 1: The Global Competitiveness Index 2014 2015 8 The Global Competitiveness Report 2014 2015 enhance the productivity of its industries,

we give credit to export-driven economies and geographic areas (such as the European union) that are divided into many countries

and the production of unique and sophisticated products) spill over into the economy and lead to sophisticated and modern business processes across the country's business sectors.

Technological breakthroughs have been at the basis of many of the productivity gains that our economies have experienced historically.

Innovation is particularly important for economies as they approach the frontiers of knowledge, and the possibility of generating more value by merely integrating

In light of the recent sluggish recovery and rising fiscal pressures faced by advanced economies,

STAGES OF DEVELOPMENT AND THE WEIGHTED INDEX While all of the pillars described above will matter to a certain extent for all economies,

it is clear that they will affect different economies in different ways: the best way for Cambodia to improve its competitiveness is not the same as the best way for France to do so.

the economy is driven factor and countries compete based on their factor endowments primarily Pillar 5. Higher education and training Pillar 6. Goods market efficiency Pillar 7. Labor market efficiency Pillar 8. Financial

The Global Competitiveness Index framework Key for factor-driven economies Key for efficiency-driven economies Key for innovation-driven economies Pillar 1. Institutions Pillar

The GCI takes the stages of development into account by attributing higher relative weights to those pillars that are more relevant for an economy given its particular stage of development.

for some resource-based economies that have reached very high levels of income, the capacity to increase the productivity of any other sector beyond mineral production will be based on the country's capacity to boost innovation,

and significantly wealthier than economies at the technological frontier are classified in the innovation-driven stage. 22 Any countries falling between two of the three stages are considered to be in transition.

See individual country/economy profiles for the exact applied weights.**For economies with a high dependency on mineral resources, GDP per capita is not the sole criterion for the determination of the stage of development.

See text for details. 2014 World Economic Forum The Global Competitiveness Report 2014 2015 11 1. 1:

which internationally comparable statistical data are not available for the entire set of economies. The Survey process and the statistical treatment of data are described in detail in Chapter 1. 3 of this Report.

COUNTRY COVERAGE This year the Report covers 144 economies. In this edition because of data availability issues, we could not include Benin, Bosnia and herzegovina, Brunei Darussalam, Ecuador, or Liberia.

Countries/economies at each stage of development Stage 1: Factor-driven (37 economies) Transition from stage 1 to stage 2 (16 economies) Stage 2:

Efficiency-driven (30 economies) Transition from stage 2 to stage 3 (24 economies) Stage 3:

Innovation-driven (37 economies) Bangladesh Algeria Albania Argentina Australia Burkina faso Angola Armenia Bahrain Austria Burundi Azerbaijan Bulgaria Barbados Belgium Cambodia

Bhutan Cape verde Brazil Canada Cameroon Bolivia China Chile Cyprus Chad Botswana Colombia Costa rica Czech republic Côte d'ivoire Gabon Dominican republic Croatia Denmark Ethiopia

the Forum aims to remain at the forefront of the effort to provide policymakers and business and civil society leaders with a relevant tool that can measure and benchmark the drivers of competitiveness and prosperity in an economy,

as well as for a number of selected economies in each of the five following regions: Europe and Eurasia;

and Sub-saharan africa. 23 Top 10 The top of the rankings continues to be advanced dominated by highly Western economies and several Asian tigers.

and again this year Singapore ranks as the second-most competitive economy in the world.

Again this year, Singapore is the only economy to feature in the top 3 in seven out of the 12 pillars;

Its economy can also rely on a sound macroeconomic environment and fiscal management (15th) its budget surplus amounted to 6. 9 percent of GDP in 2013.

The Global Competitiveness Index 2014 2015 GCI 2014 2015 Country/Economy Rank (out of 144) Score (1 7) Rank among 2013 2014 economies

The Global Competitiveness Index 2014 2015 rankings and 2013 2014 comparisons GCI 2014 2015 Country/Economy Rank (out of 144) Score (1 7

) Rank among 2013 2014 economies*GCI 2013 2014 rank (out of 148) Sri lanka 73 4. 197365 Botswana 74 4. 157474 Slovak Republic

144 2. 79143147*This column ranks all those economies for 2014 2015 that have been covered both in the 2013 2014 and 2014 2015 editions

hence a constant sample of 143 economies. Tajikistan was included not in the analysis last year,

and therefore appears as n/a. The 2013 2014 edition of the Global Competitiveness Report covered 148 economies. 2014 World Economic Forum 1. 1:

factors Country/Economy Rank Score Rank Score Rank Score Rank Score Switzerland 1 5. 70 4 6. 17 5 5

The Global Competitiveness Index 2014 2015 (cont'd.)SUBINDEX OVERALL INDEX Basic requirements Efficiency enhancers Innovation and sophistication factors Country/Economy Rank

Ranks out of 144 economies and scores measured on a 1-to-7 scale. 2014 World Economic Forum 1. 1:

Health and primary education Country/Economy Rank Scorerankscorerankscorerankscorerankscore Albania 97 4. 141033.38 90 3. 521223.82 62 5. 85 Algeria 65 4. 641013.411063.12

Health and primary education Country/Economy Rank Scorerankscorerankscorerankscorerankscore Libya 111 3. 861422.621132.88 41 5. 361194.55 Lithuania 37 5. 08 58 4. 01

Ranks out of 144 economies and scores measured on a 1-to-7 scale. 2014 World Economic Forum 1. 1:

Market size Country/Economy Rank Scorerankscorerankscorerankscorerankscorerankscorerankscore Albania 95 3. 72604.53934.15934.021143.39913.301052.94 Algeria 125 3. 34983.691363.481393.151372.721292.59474.39 Angola 140 2. 841441.941432.921283.521402.501402.34653.84 Argentina 93

Market size Country/Economy Rank Scorerankscorerankscorerankscorerankscorerankscorerankscore Libya 137 3. 031023.591393.321333.411441.951302.56853.33 Lithuania 38 4. 54265.30474.57534.33654.09285.37773.60 Luxembourg 22 4. 97434.8855.48164.87145.1016.36963.13 Macedonia, FYR

Ranks out of 144 economies and scores measured on a 1-to-7 scale. 2014 World Economic Forum 1. 1:

Innovation Country/Economy Rank Scorerankscorerankscore Albania 114 3. 171043.611202.73 Algeria 133 2. 911313.221282.60 Angola 144 2. 361442.611422.12 Argentina 96 3

Innovation Country/Economy Rank Scorerankscorerankscore Libya 143 2. 491353.011441.98 Lithuania 44 3. 97494.31443.62 Luxembourg 18 4. 93215.00164.85 Macedonia, FYR 76

Ranks out of 144 economies and scores measured on a 1-to-7 scale. 2014 World Economic Forum The Global Competitiveness Report 2014 2015 21 1. 1:

the United states can build on the many structural features that make its economy extremely productive. US companies are sophisticated highly and innovative,

and the scale opportunities afforded by the sheer size of its domestic economy the largest in the world by far these qualities make the United states very competitive.

which has led some rating agencies to downgrade the outlook of this Nordic economy. More precisely, Finland suffers from higher,

Germany's economy could be more competitive if its labor markets were made even more efficient. In recent years, labor market efficiency has improved markedly, rising from the 53rd position in 2012 to 35th this year.

Japan posts the largest improvement of the top 10 economies, thanks to small improvements across the board.

The economy also continues to dominate the financial market development pillar, owing to the high level of efficiency, trustworthiness,

Hong kong is also one of the most open economies in the world. In order to enhance its competitiveness,

In building a truly innovation-driven economy, Hong kong can rely on its high degree of technological readiness (5th).

Overall, the country continues to depict a set of important competitiveness strengths that allow its economy to remain highly productive.

and seems to deliver the right set of skills for an innovation-based economy; ICT adoption (3rd) is among the highest in the world;

Europe and Eurasia Six European countries are ranked among the top 10 most competitive economies while at the same time, many countries in Southern and Central and 2014 World Economic Forum The Global Competitiveness Report 2014 2015 23 1. 1:

This new divide appears to be between those economies that are adopting and implementing the reforms necessary to become more competitive these include countries such as Greece

and Portugal that are now improving in the overall rankings and some other economies, such as France and Italy,

Going forward, the Czech republic needs to explore ways to transition to a knowledge economy in view of its stage of development:

compared with other economies at the same stage, technological readiness remains low (36th) and Czech businesses although doing comparatively well in a regional context are sophisticated less and innovative than other economies in the European union.

The country's competitiveness would be enhanced further by improvements to its higher education system, where the Czech republic, at rank 35, features among the 10 lowest ranked EU economies.

Poland maintains its positioning overall and comes in at 43rd place. The improvements Poland has made in institutions, infrastructure,

and knowledge-driven economy will be necessary for Poland to sustain its growth going forward. The country can build on a fairly well educated population, well-developed financial markets,

the Russian economy continues to face many deeply rooted challenges that will have to be addressed for the country to strengthen its competitiveness.

Diversification of the economy will need reinforcing the very small SME sector as well as continued progress toward a stronger and more stable financial system (110th.

A strengthening of financial markets would further help stabilize the economy and enable Ukraine to better take advantage of its numerous competitiveness strengths,

Moreover, in order to support a structural change of the Greek economy so that it can move toward more productive, knowledge-based activities,

The region is home to three of the 10 most competitive economies in the world:

A further three economies are featured in the top 20: Taiwan (China), New zealand, and Malaysia (20th),

The five largest Southeast Asian economies (ASEAN-5) all feature in the top half of the rankings,

For the most advanced economies, such as Japan the Republic of korea, and Taiwan (China), one common challenge is the rigidity of their labor markets.

For countries such as Malaysia, the goal is to transform the economy to become more knowledge-driven

In most emerging Asian economies, common challenges include addressing the huge infrastructure deficit and improving regional connectivity;

As the region's poorest economies such as India and Myanmar are transitioning away from agriculture and developing a manufacturing base,

The country remains the highest ranked among the developing Asian economies. Malaysia advances nine positions in the institutions pillar,

All this bodes well for a country that aims to become a high-income, knowledge-based economy by the end of the decade.

The country continues to lead the BRICS economies by a wide margin well ahead of Russia (53rd), South africa (56th), Brazil (57th), and India (71st.

This rate is probably too high in light of the need for China to rebalance its economy away from investment and toward more consumption.

and is losing manufacturing jobs to less-developed countries and even to some more advanced economies.

The Global Competitiveness Index 2014 2015 reviving the economy, which is growing at half the rate of 2010.

In 2013, its economy grew by a modest 4. 4 percent (see Figure1. Improving competitiveness in order to put growth on a more stable footing should

Dropping for the sixth consecutive edition, India ranks 71st (down 11) out of 144 economies in the Global Competitiveness Index (GCI) 2014-2015 (see Figure2.

It is ranked the lowest among the BRICS economies. The rank differential with China (28th) has grown from 14 places in 2007 to 43 today;

This competitiveness divide helps to explain the different trajectories of these two economies. India's slide in the competitiveness rankings began in 2009,

when its economy was still growing at 8. 5 percent (it even grew by 10.3 percent in 2010).

These factors contribute to the high cost of integrating more businesses into the formal economy.

India's rank (out of 144 economies) in the pillar is indicated in parentheses. Figure 3:

(49) 1234567 2007 2008 2014 2015 interest rates low to stimulate the faltering economy and tightening monetary policy to stem inflation.

In particular, it will help rebalance the economy and move the country up the value chain

The services sector accounts for just 28 percent of employment but for 56 percent of the economy.

Building the economic resilience of the region will depend on its capacity to strengthen the fundamentals of its economy by boosting its level of competitiveness.

However, regional productivity continues to be low and trailing other emerging or advanced economies. A lack of sufficient investments in growth-enhancing areas

and the allocation of resources, result in a certain inability of the local economies of the region to move toward more productive sectors and thus, higher levels of competitiveness.

at 33rd, regains the position it lost last year and remains the most competitive economy in Latin america, with a very stable profile.

Notwithstanding these strengths, the current economic context with its potentially strong headwinds that result from the decline in the price of minerals highlights the need for Chile to diversify its economy by moving toward more knowledge-based activities.

which could jeopardize Chile's necessary transition toward a knowledge-based economy. Panama continues to follow Chile in the regional rankings and once again scores as the most competitive economy in Central america;

it is among the top 50 in the world, despite a fall of eight places to 48th position.

and the poor quality of the education system (83rd) with its inability to provide the right set of skills for an economy that increasingly needs a skilled labor force to sustain the sharp economic growth of past years.

and a poor education system (126th) that fails to provide workers with the necessary set of skills for an economy in transition toward more knowledge-based activities.

for Brazil as for other BRICS economies, will require implementing reforms and engaging in productive investments (see Box3).

The country is poised to face strong headwinds related to recent shifts in the global economy, with a drop in the international price of commodities

and potential outflows of capital that had come into the country from some advanced economies during the height of the financial crisis.

the quality of an education system that does not seem to deliver on the skill set that a changing Mexican economy requires;

Competitiveness and the need for structural reform in large emerging economies In recent decades, many emerging economies benefited from rapid economic growth,

which allowed them to gain a more prominent role in the global economy. 1 Emerging economies drove growth throughout the economic crisis.

In 2009 the worst year of the crisis the combined GDP of advanced economies contracted by 3 percent

while emerging economies grew by 3 percent. Overall, between 2007 and 2013, emerging economies grew by 5. 9 percent annually, five percentage points more than advanced economies.

These radically different trajectories accelerated the shift of economic power from advanced economies toward the emerging world

which in 2012 accounted for more than half of global output for the first time in recent history. High commodity prices and better access to financing thanks to the inflow of capital,

often from advanced economies, go a long way toward explaining these positive developments in recent years. However, since 2010, economic growth has been slowing down in emerging economies,

which grew by 4. 7 percent in 2013, the second lowest rate since 2002, and the International monetary fund has revised recently its forecast for 2014 down to 4. 6 percent. 2 The slowdown can be attributed to several factors.

and worsened credit access conditions for emerging economies. In addition, emerging economies for the most part did not use the recent spell of high growth to implement the structural reforms needed to boost productivity and build competitiveness.

The necessary reforms are particularly critical in three areas:(1) boosting competition, especially in strategic sectors of the economy,

by removing bottlenecks and barriers to entry;(2) making the labor markets more flexible and more effective at using all existing talent;

The Global Competitiveness Index (GCI) reveals the poor performance among many of the 20 largest emerging economies

These results highlight how important it will be for emerging economies to promptly and efficiently implement structural reforms.

we use the shorter formulation, Emerging Economies, to refer to the group of Developing and Emerging Market economies as defined by the International monetary fund in its publications,

Rankings of the 20 largest emerging economies on selected components of the GCI Public institutions Market competition Labor market efficiency GCI 2014 2015 rank Country 2014

Ranks are out of 144 economies.**Change in ranking between the 2010 2011 and the 2014 2015 editions of the GCI. 2014 World Economic Forum The Global Competitiveness Report 2014 2015 35 1. 1:

and thus diversify its economy toward more productive activities will require raising the quality of education (134th),

which is now not capable of providing the skills needed for a changing economy; to boost technology adoption (92nd),

Colombia will have to diversify its economy and become less dependent on revenue from mineral resources. In this transformation, the country will need to improve the quality of its education system (90th),

One of Argentina's major concerns is to build its economic resilience in a rapidly changing global economic context characterized by lower commodity prices that can drastically affect The argentine economy.

These assets are not being utilized fully amid the negative framework conditions that hamper the potential of The argentine economy.

Some North African economies, such as Egypt and Tunisia, are slowly stabilizing and are starting to focus on economic reform.

Other economies, such as Libya and Lebanon, remain affected by conflict or unrest within their own borders or in neighboring countries.

some small, energy-rich economies continue to perform well in the rankings, building on their resource-driven wealth to undertake structural reforms

and business innovation will be necessary to diversify the economy and ensure that economic growth is sustainable going into the future.

in order to achieve a more diversified economy. Improving educational outcomes, especially participation in primary and tertiary education;

The country will need to enhance competitiveness to further diversify its economy and create sufficient number of jobs for the growing workforce.

The country also benefits from the largest market size among the Gulf Cooperation Council (GCC) economies (20th.

and better education outcomes will increase in importance as the country attempts to diversify its economy,

especially as this is an area where Saudi arabia continues to trail other GCC economies. Israel retains the 27th position in this year's GCI.

which could potentially affect the country's economy, although this has not been the case in the recent past.

Nevertheless, Jordan has the potential to benefit more from its geographical proximity to GCC economies and Europe,

which would trigger further efficiency gains in its domestic economy and facilitate the transfer of knowledge and technology.

The economy is expected to stabilize after two difficult years, mainly driven by external developments. This steadier economic context provides an important opportunity for the country to enhance its competitiveness potential.

and contribute to energizing the economy by providing access to new entrants. This, in turn, would make the country's private sector more dynamic

Sub-saharan africa Amid the economic turmoil that affected advanced economies in recent years, the sub-Saharan African region provided something of a silver lining in an otherwise broadly felt economic downturn.

As growth is now modestly returning in advanced economies, sub-Saharan economies carry on registering impressive growth rates of close to 5 percent in 2013 with rising projections for the next two years below only emerging and developing Asia.

Yet important downside risks remain: although inflation has been coming down from the high rates of the past two years thanks to prudent monetary policy and moderating food prices, rising fiscal deficits

and Gambia and a slowdown in emerging markets could dampen growth prospects, particularly in resource-rich economies.

This will require focusing on efforts to transition from still largely agriculture-based economies to higher-value-added activities

Only a handful of sub-Saharan economies the island states of Mauritius and Seychelles, in addition to Cape verde have noteworthy health and education systems.

The region's poor performance across all basic requirements for competitiveness stands in contrast to its comparatively stronger performance in market efficiency, where several of the region's middle-income economies fare relatively well.

and falls to 56th place this year, third among the BRICS economies. South africa does well on measures of the quality of its institutions (36th),

But the country's strong ties to advanced economies, notably the euro area, has made it more vulnerable to the economic slowdown of those economies.

The health of the workforce is ranked 132nd out of 144 economies as a result of high rates of communicable diseases and poor health indicators more generally.

particularly for a middle-income country in transition to becoming an efficiency-driven economy. Education enrollment rates at all levels remain low by international standards,

and to set its economy on a more diversified growth path. Namibia moves up by two places to 88th position.

and diversify its economy, efforts to build its human resource base will be critical: school enrollment rates remain low compared with other sub-Saharan upper-middle-income countries,

Its economy is supported by financial markets that are developed well (up by seven places to 24th position), an efficient labor market (25th),

infrastructure particularly telephony and electricity (114th) does not meet the needs of Kenya as the largest East African economy;

Despite efforts to improve its macroeconomic environment including the dollarization of its economy in early 2009,

Nigeria now Africa's largest economy continues its downward trend and falls by seven places to 127th this year, largely on the back of weakened public finances as a result of lower oil exports.

thus, be critical to keep the ongoing reform momentum to diversify the economy and increase the country's long-term competitiveness.

Mozambique ranks 133rd this year, with efforts required across many areas to lift its economy onto a sustainable growth and development path, particularly in view of its natural resource potential.

a tool that assesses the competitiveness of 144 economies across all geographies and stages of development.

In the current economic context of uneven recovery across advanced economies and renewed risks for emerging economies, the current edition of the Report has highlighted the need for more structural reforms

and enhanced smart investments in both advanced and emerging economies in order to accelerate robust economic growth, create productive jobs,

in any given period, gives a particular contribution to an overall economy's growth thanks to its ability to transform the methods of production in a wide array of industries.

In order to capture the resource intensity of the economy, we use as a proxy the exports of mineral products as a share of overall exports according to the sector classification developed by the International Trade Centre in their Trade Performance Index.

for the past five years, been above an average of that of economies at the technology frontier.

while changing the groupings in the country/economy profiles. The groupings in the profiles are based on IMF data,

The Informal Economy. India Market Strategy. July 9. Available at https://www. credit-suisse. com/newsletter/doc/apac/aic2013/20130712 indiamkt. pdf De Soto, H. 2000.

Innovation and Growth in the World Economy. Cambridge, MA: MIT Press. Chapters 3 and 4. IMF (International monetary fund.

Statistically testing the validity of the Global Competitiveness Index as an estimate of the level of productivity of an economy For almost 10 years,

the Global Competitiveness Index (GCI) has been used by the World Economic Forum to assess the level of productivity of an economy,

It must be said from the start that measuring the level of productivity of an economy is a difficult task.

Relationship between the GCI and level of income for 143 economies Source: World Economic Forum;

which, in turn, determines the rate of return of investment in an economy. As a result, most theories would predict the GCI to be positively related to an economy's growth rate.

However, estimating a bivariate relation between the growth rate and the GCI would be a mistake.

The reason for that lies in what economists call the conditional convergence effect which posits that, all other things being equal,

there is a natural tendency for poor economies to grow faster a phenomenon known as conditional convergence. 1 In other words,

these rates would be affected more closely only by the level of productivity across different economies.

which is consistent with the view that the GCI is a good proxy for the level of productivity or competitiveness of an economy.

In other words, the GCI's estimate of the determinants of competitiveness which, in turn, fundamentally shape the (conditional) medium to long-run growth rate of an economy

N=132 economies. 2014 World Economic Forum 1. 1: The Global Competitiveness Index 2014 2015 48 The Global Competitiveness Report 2014 2015 NOTES 1 The reason that poor economies do not grow systematically faster is that other things are not equal.

Among those other things that are not equal, we find the level of productivity or competitiveness,

%5 10%10%10 30%30%*For economies with a high dependency on mineral resources, GDP per capita is not the sole criterion for the determination of the stage of development.

and sample maximum are, respectively, the lowest and highest country scores in the sample of economies covered by the GCI.

/Appl. is used for economies where there is no regular train service or where the network covers only a negligible portion of the territory.

this concept was translated into the universal declaration of human rights. 1 Its economic origin is rooted in the unprecedented economic development of Western economies since the mid-20th century.

During this period, high standards of living were achieved by large swaths of the populations of these economies,

The mounting social and environmental pressures observed in rapidly growing developing and emerging economies suggest that these dimensions are intertwined strongly

mainly driven by skill-biased technological change related to globalization. 4 There is a concern that this trend may result in a high concentration of wealth similar to that experienced by Western economies in the earlier stages of industrialization.

and that emerging economies aim to achieve were realized only in the first decades following WORLD WAR II. 6 The recent interest in social inclusion

because competitive economies tend to be more innovative, more resilient, and better able to respond to external shocks

James cameron, Chairman, Climate Change Capital, United kingdom Dan Esty, Professor, Yale university, USA Clément Gignac, Chief Economist and Senior vice-president, Industrial Alliance Insurance and Financial services

.,USA Mari Elka Pangestu, Minister of Tourism and Creative Economy, Indonesia Lindene Patton, Chief Climate Product Officer

this checklist is from pages 4 and 5 of a summary of that report on the organization's website, http://www. globeinternational. org/studies/legislation/climate. 6 Harder 2014.7 The Economist 2014.8

and affects an economy in different ways. Multiple channels support a positive relationship between environmentally sustainable practices and productivity gains;

and introducing emissions standards are more costly to the economy as a whole than the use of carbon pricing,

15 while others see carbon taxes as having more negative impact on the economy in the short Run for example, according to a study by the Congressional Budget Office of the United states,

and cultural heritage. 23 Competitiveness and social sustainability Interest among economists and social scientists in the relationship between income distribution and economic performance has been growing over the last 20 years.

the diverging patterns in income of different population clusters in developing and developed economies alike are certainly tangible

reducing the ability of the economy to compete globally. At the same time, when young people are marginalized by the labor market

In advanced economies, welfare states promote the economic and social well-being of the society by protecting their members from excessive loss of income during old age and during periods of unemployment or illness.

Although welfare systems represent a source of stability for an economy, they can turn into a hurdle for its competitiveness

The resilience of a social system also depends on the features of its labor market and on the extent of the black economy.

Moreover, a widespread black economy may affect the resilience of a social system, since informal workers are more vulnerable to concerns related to job loss,

requires a functioning economy that, by definition, uses natural resources. For this reason, although the academic literature tends to focus on these two dimensions individually,

The GCI measures the level of competitiveness of an economy as discussed in Chapter 1. 1,

and factors that determine the level of productivity of an economy. The GCI is a comprehensive index that takes into account 12 pillars or drivers:

Vulnerable employment as a percentage of total employment, the Extent of the informal economy, and Social safety net protection.

The extent of the informal economy provides a sense of how well integrated the workforce is into official structures.

thus benefitting the economy. A third category can be thought of as an assessment of social cohesion

Extent of informal economy Social safety net protection Income Gini index Social mobility Youth unemployment Figure 2:

These indicators comprise measures of Baseline water stress in an economy, which models the relation between water supply availability and demand in each country;

we are able to cover 113 economies this year, a subset of the 144 economies covered in the 2014 2015 GCI.

Results of the sustainability-adjusted GCI analysis This section presents the results of the sustainability-adjusted GCI.

Developed economies tend to have more mature institutions that ensure that citizens have access to basic infrastructure, healthcare, and welfare.

Countries toward the lower end of the competitiveness scale tend to fare better than advanced economies in terms of emissions such as CO2,

these economies are currently facing problems that advanced economies have experienced already in their own earlier stages of development,

RESULTS FOR SELECTED ECONOMIES Because many of the aspects relating to sustainability require many years for significant change to occur,

we observe only small movements in the performance of economies from one year to the next.

adjusted GCI Sustainabilityadjusted GCI Country/Economy Rank*Value Value Direction Value Direction Value Direction Switzerland 1 5. 7 6. 75

Environmental sustainability adjusted GCI Sustainabilityadjusted GCI Country/Economy Rank*Value Value Direction Value Direction Value Direction India 71 4. 21

as presented in Chapter 1. 1. Only the 113 economies covered by this exercise are included in the table.

The following description of results (presented in the order of this year's GCI ranking) provides an overall picture of the performance and highlights the main strengths and areas of challenge for selected economies.

US competitiveness improves slightly but less than that of other advanced economies because of its still-high levels of income inequality and youth unemployment (15 percent on a decreasing trend).

Germany is similar in many respects to the Nordic economies. On the social sustainability pillar, it is characterized by relatively low youth unemployment, widespread access to healthcare,

Japan delivers a relatively positive performance on the social sustainability component as a result of its low youth unemployment, its small informal economy,

similar to other economies in the region, Norway is making efforts to reduce its footprint on its natural capital

the country is signatory to fewer international environmental treaties than most other economies. 2014 World Economic Forum The Global Competitiveness Report 2014 2015 71 1. 2:

In addition, CO2 emissions are at the level of more industrialized economies. On a positive note, it seems that the country has made progress in forest stewardship.

its low youth unemployment and widespread access to water and sanitation offset its relatively high level of inequality, its widespread informal economy,

its large informal economy and its lack of a universal social safety net show that India remains largely a poor country that is developing with large disparities within its society.

and large portions of the population work in vulnerable jobs or in the informal economy and do not have access to social security.

The social structure of Senegal remains somewhat less unequal than other African economies, however. Its income Gini index is 40.3 better than that of Ghana or Kenya.

These issues, typical of a developing economy, may jeopardize the future competitiveness of the country as they limit the country's human capital.

CONCLUSIONS AND NEXT STEPS This chapter assesses sustainable competitiveness in 113 economies and fosters the understanding of conceptual links between productivity on the one hand and social and environmental sustainability on the other.

economies that have been investing and planning for the long run, balancing economic progress with social inclusion and good and effective environmental stewardship, will be in a better position to maintain high prosperity for their citizens, even in presence of external shocks.

Five consecutive years of low growth in advanced economies and the more recent slowdown in emerging markets create a climate of lack of opportunities,

Recognizing that multi-stakeholder collaboration is vital for creating the confidence necessary to undertake the investments to build more sustainable economies,

we hope that this assessment will provide the basis for public-private dialogue on how to make economies environmentally and socially more sustainable for the benefit of present and future generations.

the slow growth experienced recently in advanced economies has revived concerns about secular stagnation, with Lawrence Summers envisaging that even before the financial crisis a trend of low aggregate demand had begun in the United states. 7 For examples,

/12 Bughin et al. 2010.13 Luenberger 1995.14 CDP and WWF-US 2013.15 Parry et al. 2014.16 CBO 2013.17 The Economist 2014.18 See, for example,

although measured at country level in advanced economies, are measured not worldwide. Additionally, because poverty thresholds change from country to country, it is difficult to establish a cross-country comparison.

Effects of a Carbon Tax on the Economy and the Environment. May, Pub. No. 4532.

The Economist. 2014. The Cost of Doing Nothing: Scorched Farms, Flooded Homes and Lower Productivity.

The Economist, June 28. Available at http://www. economist. com/news/united-states/21605936-scorched-farms-flooded-homes-and-lower-productivity-cost-doing-nothing.

Elkington, J. 1997. Cannibals with Forks: The Triple Bottom line of 21st Century Business. Oxford, United kingdom:

Report prepared by the United nations Environment Programme as part of its Green Economy Initiative, April. Available at http://www. unep. org/PDF/Pressreleases/201004 unep national strategy. pdf..2011.

Towards a Green Economy: Pathways to Sustainable Development and Poverty Education. Nairobi: United Nation Environment Programme.

Access to healthcare servicesd S06 Social safety net protection S07 Extent of informal economy S08 Social mobility S09 Vulnerable employment*Environmental sustainability

maximum are, respectively, the lowest and highest country scores in the sample of economies covered by the sustainability-adjusted GCI in each pillar. 2014 World Economic Forum 1. 2:

and sample maximum are, respectively, the lowest and highest country scores in the sample of economies covered by the sustainability-adjusted GCI.

which the distribution of income among individuals or households within an economy deviates from a perfectly equal distribution.

S07 Extent of informal economy In your country, how much economic activity would you estimate to be undeclared or unregistered?

THE SURVEY IN NUMBERS The 2014 edition of the Survey captured the opinions of over 14,000 business leaders in 148 economies between February and June 2014;

because of data issues, out of the 148 economies surveyed, 144 are included in the GCI this year (please see the data treatment section below for further details).

In 22 economies the Survey was administered entirely online, while in a further 16 over 90 percent of respondents completed the Survey online (see Table2 for statistics about the administration approach).

however, no new economy is added 2014 World Economic Forum 1. 3: The Executive Opinion Survey 86 The Global Competitiveness Report 2014 2015 Table 1:

148 economies surveyed Minimum 32: Swaziland, Israel Maximum 369: United states 362: China 3 largest samples 340:

. 3%)Administration method Online (39.1%)Other method (60.9%)144 economies with enough valid responses*14,091 surveys collected NUMBER OF ECONOMIES NUMBER OF SURVEYS

Collected 13,264 surveys retained*SAMPLE SIZE (number of valid surveys by economy) Figure 1: Descriptive statistics of the Executive Opinion Survey 2014 Source:

Overall Perceptions of Your Economy III. Infrastructure IV. Innovation and Technology Infrastructure V. Financial Environment VI.

and have a firm commitment to improving the competitiveness conditions of their economies. The full list of Partner Institutes can be found at the beginning of this Report. 1 In administering the Survey,

Country/economy coverage of the Executive Opinion Survey n Previous coverage n 2014 additions 2014 World Economic Forum First component*Second component:

2014 edition*Country/Economy Survey edition No. of respondents Weight(%)No. of respondents Online(%)Weight(%)Albania 2013 81 45.3 79 54.7 Algeria 2013 65

2014 edition*Country/Economy Survey edition No. of respondents Weight(%)No. of respondents Online(%)Weight(%)Lithuania 2013 141 44.6 146 60.3 55.4 Luxembourg 2013

Bold typeface identifies economies where the Survey was conducted entirely online. All statistics were computed following the edition of the data.

Survey edition (s) used for the computation of economy scores: 2012 and 2014; 2013; 2014.

which includes firms representing the main sectors of the economy (agriculture, manufacturing industry, non-manufacturing industry, and services).

The Global Competitiveness Report has grown to cover over 140 economies to assess the key drivers of development.

in most cases, an economy not included in the Survey cannot be covered by an index.

and heightened comparability across economies. DATA TREATMENT AND SCORE COMPUTATION This section details the process whereby individual responses are edited

and aggregated in order to produce the scores of each economy on each individual question of the Survey.

Indeed, small enterprises, defined here as those with fewer than 50 employees, account for 27 percent of the sample in Advanced Economies and Emerging and Developing Asia and for 48 percent in Sub-saharan africa,

Regular exporters (companies for which exports account for more than 50 percent of revenues) account for just 6 percent of the sample in the Commonwealth of independent states and as much as 22 percent in Advanced Economies.

the structure of the sample of responses might end up differing significantly from the actual structure of the economy,

This means that attempting to mirror the structure of the economy would result in assigning a very high individual weight to the respondent from those companies.

Elsewhere, where agriculture still accounts for a large share of an economy, the agriculture sector tends to be represented under in the Survey sample because of the difficulty of identifying respondents in that sector who have an international perspective.

where a sample size was too small or the sectoral representation too different from the actual structure of the economy,

of the sample of 146 economies. 8 Any value d lying outside the range bounded by the 25th percentile minus 1. 5 times IQR

Although this remains a remedial This box presents the method applied to compute the country scores for the vast majority of economies included in The Global Competitiveness Report 2014 2015 (see text for exceptions.

Country/economy score calculation (Cont'd.)2014 World Economic Forum The Global Competitiveness Report 2014 2015 95 1. 3:

Country/economy score calculation (cont'd.)2014 World Economic Forum 1. 3: The Executive Opinion Survey 96 The Global Competitiveness Report 2014 2015 NOTES 1 The World Economic Forum's Global Competitiveness and Benchmarking Network would like to acknowledge e-Rewards Market research

The size value tracks closely with the overall size of the economy. Adjustments were made to the value based on searches in company directories

In order to reach the required number of surveys in each country (80 for most economies and 300 for the BRICS countries and the United states),

a Partner Institute uses the response rate from previous years. 4 The results are obtained the scores by each economy in the various questions of the Survey.

when, for a particular country, the ratio of the weight of one sector in the economy to the percentage of surveys from that sector in the country sample exceeded 5,

The weights of the other sectors were adjusted then proportionally to their weight in the country's GDP. 7 The 2013 scores were computed using a sector-weighted average. 8 The Survey was conducted in 148 economies in 2014.

/Economy Profiles 2014 World Economic Forum 2014 World Economic Forum The Global Competitiveness Report 2014 2015 101 2. 1:

Country/Economy Profiles Global Competitiveness Index This section details the economy's performance on the main components of the Global Competitiveness Index (GCI.

The first column shows the country's rank among the 144 economies included in the Index,

which the economy belongs, using the same classification as in the GDP per capita chart (gray line.

The most problematic factors for doing business This chart summarizes those factors seen by business executives as the most problematic for doing business in their economy.

with the exception of How to Read the Country/Economy Profiles The Country/Economy Profiles section presents a two-page profile for each of the 144 economies covered in The Global Competitiveness Report 2014 2015.

PAGE 1 Key indicators The first section presents a selection of key indicators for the economy under review.

The chart on the upper right-hand side displays the evolution of GDP per capita at purchasing power parity (PPP) from 1990 through 2013 (or the period for which data are available) for the economy under review (blue line.

The gray line plots the GDP-weighted average of GDP per capita of the group of economies to which the economy under review belongs.

Finally, advanced economies form a group of their own. For more information regarding the classification and the data, visit www. imf. org/weo.

Country/Economy Profiles 104 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 5, 000 10,000

Country/Economy Profiles 102 The Global Competitiveness Report 2014 2015 Rwanda, for which responses from the 2013 Survey have been used.

This column reports the country's position among the 144 economies covered by the GCI 2014 2015.

For those economies ranked in the top 10 in the overall GCI, individual indicators ranked from 1 through 10 are considered to be advantages.

For those economies ranked from 11 through 50 in the overall GCI, variables ranked higher than the economy's own rank are considered to be advantages.

In the case of Iceland, ranked 30th overall, its rank of 11 on indicator 7. 10 Female participation in the labor force makes this indicator a competitive advantage.

For those economies ranked lower than 50th in the overall GCI any individual indicators with a rank of 50 or better are considered to be advantages.

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles Index of Country/Economy Profiles Country/Economy Page Albania 104 Algeria 106 Angola 108 Argentina 110 Armenia 112

The 186 Georgia 188 Germany 190 Ghana 192 Greece 194 Guatemala 196 Guinea 198 Country/Economy Page Guyana 200 Haiti 202

/Economy Page Norway 296 Oman 298 Pakistan 300 Panama 302 Paraguay 304 Peru 306 Philippines 308 Poland 310 Portugal 312 Puerto rico 314 Qatar

Country/Economy Profiles 104 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 5, 000 10,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 106 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 3, 000 4, 000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 108 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 1, 000 2, 000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 110 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 5, 000 10,000 15,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 114 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 0 Australia Australia Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Australia Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 116 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 5 Austria Austria Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Austria Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 122 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 124 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 5, 000 10,000 15,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 126 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 1 Belgium Belgium Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Belgium Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 132 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 5, 000 10,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 134 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 3, 000 6, 000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 138 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 140 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 142 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 144 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 146 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 0 Canada Canada Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Canada Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 148 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 1, 000 2, 000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 150 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 156 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 3, 000 6, 000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 158 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 3, 000 6, 000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 160 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 162 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 5, 000 10,000 15,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 164 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 5 Cyprus Cyprus Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Cyprus Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 166 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 0 Czech republic Czech republic Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Czech republic Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 168 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 0 Denmark Denmark Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Denmark Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 174 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 3, 000 6

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

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Country/Economy Profiles 176 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 10,000 20,000 30,000

0. 0 Estonia Estonia Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Estonia Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 178 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 180 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 1 Finland Finland Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Finland Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 182 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 0 France France Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 France Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 184 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 5, 000 10,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 186 The Global Competitiveness Report 2014 2015 Percent of responses Rank Score out of 144)( 1 7) Note:

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 188 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 3, 000 6

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 190 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 1 Germany Germany Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Germany Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 192 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 194 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 0 Greece Greece Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Greece Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 196 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 3, 000 6

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 198 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 200 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 3, 000 6

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 202 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 204 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 3, 000 6

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 206 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 1 Hong kong SAR Hongkong SAR Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2

2 Transition 2 3 3 Hong kong SAR Advanced economies 2014 World Economic Forum The Global Competitiveness Index in detail The Global Competitiveness Report 2014

Country/Economy Profiles Notes: Values are on a 1-to-7 scale unless otherwise annotated with an asterisk(*)

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.1 See the Technical Notes and Sources section.

Country/Economy Profiles 208 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 5, 000 10,000 15,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 210 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 0 Iceland Iceland Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Iceland Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 212 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 214 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 1, 000 2

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 216 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 3, 000 6, 000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 218 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 0 Ireland Ireland Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Ireland Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 220 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 0 Israel Israel Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Israel Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 222 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 2 Italy Italy Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Italy Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 224 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 3, 000 6, 000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 226 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 0 Japan Japan Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Japan Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 228 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 2, 000 3, 000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 230 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 3, 000 6

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 232 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 234 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 10,000 20,000 30,000

0. 0 Korea, Rep. Korea, Rep. Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2

2 Transition 2 3 3 Korea, Rep. Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 236 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 10,000 20,000 30,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 238 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 240 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 242 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 10,000 20,000 30,000

0. 3 Latvia Latvia Advanced economies Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition 2 3

3 Stage of development Latvia Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 244 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 3, 000 6, 000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 246 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 248 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 5, 000 10,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 250 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 5, 000 10,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 252 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 20,000 40,000 60,000

0. 0 Luxembourg Luxembourg Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Luxembourg Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 254 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 5, 000 10,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 256 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 258 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 260 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 5, 000 10,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 262 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 264 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 10,000 20,000 30,000

0. 0 Malta Malta Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Malta Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 266 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 268 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 5, 000 10,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 270 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 5, 000 10,000 15,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 272 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 3, 000 6

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 274 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 1, 000 2

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 276 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 5, 000 10,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 278 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 2, 000 3, 000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 280 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 282 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 284 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 2, 000 4

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 286 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 288 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 0 Netherlands Netherlands Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Netherlands Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 290 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 0 New zealand New zealand Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 New zealand Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 292 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 294 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 296 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 0 Norway Norway Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Norway Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 298 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 5, 000 10,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 300 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 302 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 5, 000 10,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 304 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 3, 000 6, 000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 306 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 3, 000 6, 000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 308 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 1, 000 2

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 310 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 5, 000 10,000 15,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 312 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 0 Portugal Portugal Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Portugal Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 314 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 Institutions Infrastructure Macroeconomic environment

Puerto rico Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 316 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 20,000 40,000 60,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 318 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 5, 000 10,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 320 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 5, 000 10,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 322 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 324 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 5, 000 10,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 326 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 328 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 5, 000 10,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 330 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 5, 000 10,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 332 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 334 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 1 Singapore Singapore Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Singapore Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 336 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 10,000 20,000 30,000

0. 2 Slovak Republic Slovak Republic Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2

2 Transition 2 3 3 Slovak Republic Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 338 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 10,000 20,000 30,000

0. 2 Slovenia Slovenia Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Slovenia Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 340 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 2, 000 4

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 342 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 0 Spain Spain Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Spain Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 344 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 1, 000 2

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 346 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 3, 000 6

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 348 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 1, 000 2, 000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 350 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

1. 0 Sweden Sweden Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Sweden Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 352 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 0 Switzerland Switzerland Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 Switzerland Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 354 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 10,000 20,000 30,000

0. 0 Taiwan, China Taiwan, China Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2

2 Transition 2 3 3 Taiwan, China Advanced economies 2014 World Economic Forum The Global Competitiveness Index in detail The Global Competitiveness Report 2014

Country/Economy Profiles Notes: Values are on a 1-to-7 scale unless otherwise annotated with an asterisk(*)

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.1 See the Technical Notes and Sources section.

Country/Economy Profiles 356 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 358 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 360 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 2, 000 4

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 362 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 5, 000 10,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 364 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 5, 000 10,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 366 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 2, 000 4, 000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 368 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 5, 000 10,000 15,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 370 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 372 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 3, 000 6

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 374 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 0 10,000 20,000 30,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 376 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 2 United kingdom United kingdom Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 United kingdom Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 378 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 10,000 20,000 30,000 40,000

0. 7 United states Unitedstates Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1 2 2 Transition

2 3 3 United states Advanced economies 2014 World Economic Forum Notes: Values are on a 1-to-7 scale

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 380 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 5, 000 10,000 15,000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 382 The Global Competitiveness Report 2014 2015 0 5 10 15 20 25 30 3, 000 6, 000

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 384 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 386 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 388 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

Country/Economy Profiles 390 The Global Competitiveness Report 2014 2015 Percent of responses GDP (PPP) per capita (int'l $), 1990 2013 Rank

*For further details and explanation, please refer to the section How to Read the Country/Economy Profiles on page 101.

Country/Economy Profiles INDICATOR VALUE RANK/144 6th pillar: Goods market efficiency (cont'd.)6. 06 No. procedures to start a business*..

refer to Chapter 1. 3. How to Read the Data Tables The following pages provide detailed data for all 144 economies included in The Global Competitiveness Report 2014 2015.

Innovation RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 1 Finland...6. 4 2 Singapore...

4. 1 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 73 India...4. 1 74 Italy...

When the year differs from the base year for a particular economy, this is indicated in a footnote.

Because of the nature of data, ties between two or more economies are possible. In such cases, shared rankings are indicated accordingly.

For example, four economies Australia, Hong kong SAR, Portugal, and Singapore all require two and half days to start a business.

RANK COUNTRY/ECONOMY VALUE 1 United states...16,799. 7 2 China...9, 181.4 3 Japan...4, 901.5 4 Germany...

56.3 RANK COUNTRY/ECONOMY VALUE 73 Guatemala...54.4 74 Bulgaria...53.0 75 Costa rica...49.6 76 Ethiopia...

536 2014 World Economic Forum Key indicators Data Tables 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 United states...

56.3 RANK COUNTRY/ECONOMY VALUE 73 Guatemala...54.4 74 Bulgaria...53.0 75 Costa rica...49.6 76 Ethiopia...

Data Tables 400 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 China...

10.5 RANK COUNTRY/ECONOMY VALUE 73 Dominican republic...10.4 74 Haiti...10.3 75 Hungary...9. 9 76 Sweden...

Data Tables The Global Competitiveness Report 2014 2015 401 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Luxembourg...

7, 026 RANK COUNTRY/ECONOMY VALUE 73 China...6, 747 74 Peru...6, 674 75 South africa...

Data Tables 402 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 United states...

0. 09 RANK COUNTRY/ECONOMY VALUE 73 Serbia...0. 09 74 Kenya...0. 09 75 Tanzania...

Tables 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 1 Finland...

4. 1 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 73 India...4. 1 74 Italy...

Data Tables 406 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7

3. 7 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 73 Montenegro...3. 7 74 Kazakhstan...

Data Tables The Global Competitiveness Report 2014 2015 407 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 5 7

3. 2 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 5 7 73 Namibia...3. 2 74 Turkey...

Data Tables 408 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 1 7

3. 0 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 1 7 73 Zambia...3. 0 74 Russian Federation...

In each case, the answer ranges from 1 very common to 7 never occurs. 2013 14 weighted average RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7

3. 9 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7 73 Swaziland...3. 8 74 Italy...

Data Tables 410 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 9 7

3. 6 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 9 7 73 El salvador...3. 6 74 Tajikistan...

Data Tables The Global Competitiveness Report 2014 2015 411 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 2 7

3. 0 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 2 7 73 Mauritius...3. 0 74 Vietnam...

Data Tables 412 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 2 7

3. 1 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 2 7 73 United states...3. 1 74 Algeria...

Data Tables The Global Competitiveness Report 2014 2015 413 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 4 7

3. 5 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 4 7 73 Philippines...3. 4 74 Ghana...

Data Tables 414 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7

3. 7 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 73 Morocco...3. 7 74 Panama...

Data Tables The Global Competitiveness Report 2014 2015 415 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 4 7

3. 3 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 4 7 73 Morocco...3. 3 74 Cameroon...

Data Tables 416 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7

3. 9 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 73 Paraguay...3. 9 74 Slovak Republic...

Data Tables The Global Competitiveness Report 2014 2015 417 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 5. 1 7

5. 2 RANK COUNTRY/ECONOMY VALUE 1 MEAN 5. 1 7 73 Panama...5. 2 74 Canada...

Data Tables 418 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 4 7

4. 4 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 4 7 73 Tajikistan...4. 4 74 Romania...

Data Tables The Global Competitiveness Report 2014 2015 419 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 8 7

4. 7 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 8 7 73 United states...4. 7 74 Kazakhstan...

Data Tables 420 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7

4. 1 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 73 Uruguay...4. 1 74 Algeria...

Data Tables The Global Competitiveness Report 2014 2015 421 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7

3. 9 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 73 Kenya...3. 9 74 Jamaica...

Data Tables 422 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 6 7

4. 6 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 6 7 73 Kuwait...4. 6 74 Gabon...

Data Tables The Global Competitiveness Report 2014 2015 423 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 6 7

4. 5 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 6 7 73 El salvador...4. 5 74 Spain...

Data Tables 424 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7

4. 1 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7 73 Kuwait...4. 1 74 Zimbabwe...

Data Tables The Global Competitiveness Report 2014 2015 425 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 New zealand...

5. 3 RANK COUNTRY/ECONOMY VALUE 68 Guyana...5. 3 68 Jamaica...5. 3 68 Kuwait...

Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 1 Switzerland...6. 6 2 Hong kong SAR...

4. 2 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 73 Slovak Republic...4. 2 74 Russian Federation...

Data Tables 428 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7

3. 9 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 73 Côte d'ivoire...3. 9 74 Norway...

Data Tables The Global Competitiveness Report 2014 2015 429 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 3 7

2. 5 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 3 7 73 Chile...2. 5 74 Thailand...

N/Appl. is used for economies where there is no regular train service or where the network covers only a negligible portion of the territory.

Data Tables 430 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7

4. 1 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7 73 Lebanon...4. 1 74 Guatemala...

Data Tables The Global Competitiveness Report 2014 2015 431 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 4 7

4. 3 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 4 7 73 Rwanda...4. 3 74 Montenegro...

Data Tables 432 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 United states...

152.1 RANK COUNTRY/ECONOMY VALUE 73 Jamaica...145.0 74 Angola...130.5 75 Hungary...127.8 76 Costa rica...

Data Tables The Global Competitiveness Report 2014 2015 433 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7

4. 8 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7 73 Russian Federation...4. 8 74 Sri lanka...

Data Tables 434 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Hong kong SAR...

112.0 72 Korea, Rep...111.0 RANK COUNTRY/ECONOMY VALUE 73 Belgium...110.9 74 Namibia...110.2 75 Slovenia...

Data Tables The Global Competitiveness Report 2014 2015 435 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Taiwan, China...

15.8 RANK COUNTRY/ECONOMY VALUE 73 Malaysia...15.3 74 Panama...15.2 75 Kuwait...15.1 76 El salvador...

Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Timor-Leste...36.1 2 Kuwait...28.9 3 Qatar...

3. 0 RANK COUNTRY/ECONOMY VALUE 73 Slovak Republic...3. 0 74 Canada...3. 0 75 Panama...

Data Tables 438 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Timor-Leste1...

19.5 72 Georgia...19.4 RANK COUNTRY/ECONOMY VALUE 73 Lithuania...19.3 74 Madagascar...19.2 75 Spain...

Data Tables The Global Competitiveness Report 2014 2015 439 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Ireland...

4. 2 RANK COUNTRY/ECONOMY VALUE 86 Hong kong SAR...4. 3 87 Seychelles...4. 3 88 Guatemala...

Data Tables 440 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Libya...

43.2 RANK COUNTRY/ECONOMY VALUE 73 Mozambique...43.3 74 Bahrain...43.9 75 Tunisia...44.4 76 Denmark...

Data Tables The Global Competitiveness Report 2014 2015 441 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Norway...

45.3 RANK COUNTRY/ECONOMY VALUE 73 Tunisia...44.4 74 Guatemala...44.4 75 Gabon...43.1 76 Jordan...

Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Egypt...0. 0 1 Georgia...0. 0 1 Kyrgyz Republic...

27,774. 0 RANK COUNTRY/ECONOMY VALUE 73 Nigeria...28,430. 3 74 Gambia, The...29,030. 4 75 Burkina faso...

M. F. indicates that the economy was declared free of malaria by the World health organization (WHO), except in the case of Hong kong SAR and Puerto rico,

S l. means the economy was added to THE WHO's supplementary list of areas where malaria has existed never

Data Tables 444 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 7 7

3. 0 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 7 7 73 Timor-Leste...2. 9 74 Sierra leone...

This indicator does not apply to economies free of malaria and for which N/Appl. is used. 2. 2:

Data Tables The Global Competitiveness Report 2014 2015 445 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Barbados...

49.4 RANK COUNTRY/ECONOMY VALUE 73 Singapore...50.0 74 Armenia...52.0 75 Latvia...53.0 76 Burkina faso...

Data Tables 446 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 5. 4 7

5. 6 RANK COUNTRY/ECONOMY VALUE 1 MEAN 5. 4 7 73 Tunisia...5. 6 74 Iran, Islamic Rep...5. 6 75 Russian Federation...

Data Tables The Global Competitiveness Report 2014 2015 447 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Albania1...

0. 3 RANK COUNTRY/ECONOMY VALUE 59 Tajikistan...0. 3 59 United Kingdom3...0. 3 75 Argentina...

Economies with a prevalence rate equal to or less than 0. 2 percent (using non-rounded rates) are ranked all first,

Data Tables 448 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 5. 3 7

5. 5 RANK COUNTRY/ECONOMY VALUE 1 MEAN 5. 3 7 73 Czech republic...5. 5 74 Cape verde...

Data Tables The Global Competitiveness Report 2014 2015 449 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Hong kong SAR...

14.1 RANK COUNTRY/ECONOMY VALUE 73 Jamaica...14.4 74 Armenia...14.7 75 Albania...15.0 76 Colombia...

Data Tables 450 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Hong kong SAR...

74.1 72 Georgia...73.9 RANK COUNTRY/ECONOMY VALUE 73 Lithuania...73.9 74 Latvia...73.8 75 Colombia...

Data Tables The Global Competitiveness Report 2014 2015 451 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 9 7

3. 9 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 9 7 73 Oman...3. 8 74 Greece...

Data Tables 452 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Singapore...

93.8 RANK COUNTRY/ECONOMY VALUE 73 Peru9...93.7 74 Zambia...93.7 75 Hong kong SAR...93.5 76 El salvador...

Data Tables 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Australia...135.5 2 Spain...

89.0 RANK COUNTRY/ECONOMY VALUE 73 Hong kong SAR...88.7 74 Jamaica11...88.6 75 Moldova...88.2 76 Kyrgyz Republic11...

Data Tables 456 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Greece11...

36.0 RANK COUNTRY/ECONOMY VALUE 73 Tunisia...35.2 74 Paraguay10...34.5 75 Dominican Republic11...34.1 76 Bahrain...

Data Tables The Global Competitiveness Report 2014 2015 457 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 7 7

3. 7 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 7 7 73 Korea, Rep...3. 6 74 Ethiopia...

1. 9 5. 03 Quality of the education system How well does the education system in your country meet the needs of a competitive economy?

Data Tables 458 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7

4. 1 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 73 Saudi arabia...4. 1 74 Czech republic...

Data Tables The Global Competitiveness Report 2014 2015 459 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7

4. 2 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 73 Korea, Rep...4. 2 74 Romania...

Data Tables 460 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 3 7

4. 2 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 3 7 73 Montenegro...4. 2 74 Seychelles...

Data Tables The Global Competitiveness Report 2014 2015 461 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7

4. 1 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 73 Saudi arabia...4. 1 74 Dominican republic...

Data Tables 462 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7

4. 0 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 73 Mongolia...4. 0 74 Mexico...

efficiency Data Tables 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 5. 0 7 1 Japan...

5. 0 RANK COUNTRY/ECONOMY VALUE 1 MEAN 5. 0 7 73 Oman...5. 0 74 Russian Federation...

Data Tables 466 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7

3. 7 72 Iran, Islamic Rep...3. 7 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 73 Tajikistan...

Data Tables The Global Competitiveness Report 2014 2015 467 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7

4. 0 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7 73 Barbados...4. 0 74 Cambodia...

Data Tables 468 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7

3. 7 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 73 Barbados...3. 7 74 Australia...

Data Tables The Global Competitiveness Report 2014 2015 469 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Macedonia, FYR...

38.1 RANK COUNTRY/ECONOMY VALUE 73 Armenia...38.8 74 Honduras...39.2 75 Netherlands...39.3 76 Finland...

Data Tables 470 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Canada...

6 RANK COUNTRY/ECONOMY VALUE 57 Ukraine...6 57 United arab emirates...6 57 United kingdom...6 57 United states...

Data Tables The Global Competitiveness Report 2014 2015 471 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 New zealand...

14.0 69 Honduras...14.0 RANK COUNTRY/ECONOMY VALUE 69 Israel...14.0 74 Germany...14.5 75 Cameroon...

Data Tables 472 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7

3. 8 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 73 Israel...3. 8 74 France...

1=excessively burdensome for the economy; 7=balances well the interests of taxpayers, consumers and producers 2013 14 weighted average SOURCE:

Data Tables The Global Competitiveness Report 2014 2015 473 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 3 7

4. 4 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 3 7 73 Macedonia, FYR...4. 4 74 Guyana...

Data Tables 474 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Hong kong SAR8...

5. 3 72 Yemen...5. 7 RANK COUNTRY/ECONOMY VALUE 73 Tajikistan...5. 7 74 Haiti8...

Data Tables The Global Competitiveness Report 2014 2015 475 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7

4. 5 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7 73 Senegal...4. 5 74 Trinidad and tobago...

Data Tables 476 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 3 7

4. 4 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 3 7 73 Jordan...4. 4 74 Montenegro...

Data Tables The Global Competitiveness Report 2014 2015 477 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7

4. 0 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7 73 Peru...4. 0 74 Thailand...

Data Tables 478 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Hong kong SAR...

47.5 RANK COUNTRY/ECONOMY VALUE 73 Bahrain2...47.1 74 Poland...45.9 75 Kenya2...45.5 76 Tanzania...

Data Tables The Global Competitiveness Report 2014 2015 479 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7

4. 5 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7 73 Ghana...4. 5 74 Madagascar...

Data Tables 480 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 4 7

3. 4 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 4 7 73 Ukraine...3. 4 74 Zambia...

Data Tables 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 4 7 1 Switzerland...

4. 3 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 4 7 73 Guyana...4. 3 74 Cambodia...

Data Tables 484 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 9 7

5. 0 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 9 7 73 Jordan...5. 0 74 Ethiopia...

Data Tables The Global Competitiveness Report 2014 2015 485 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7

3. 9 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 73 Tanzania...3. 9 74 Honduras...3. 9 75 Kuwait...

Data Tables 486 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Denmark...

15.3 RANK COUNTRY/ECONOMY VALUE 73 Brazil...15.4 74 Tajikistan...15.5 75 India...15.8 76 Burundi...

Data Tables The Global Competitiveness Report 2014 2015 487 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 7 7

3. 6 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 7 7 73 Finland...3. 6 74 Uganda...

Data Tables 488 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 9 7

3. 9 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 9 7 73 Finland...3. 9 74 Montenegro...

Data Tables The Global Competitiveness Report 2014 2015 489 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7

4. 2 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 73 Portugal...4. 2 74 Slovak Republic...

Data Tables 490 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 5 7

3. 4 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 5 7 73 Mozambique...3. 4 74 Colombia...

Data Tables The Global Competitiveness Report 2014 2015 491 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 5 7

3. 4 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 5 7 73 Lao PDR...3. 4 74 Vietnam...

Data Tables 492 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Malawi...

0. 80 RANK COUNTRY/ECONOMY VALUE 73 Slovak Republic...0. 80 74 Czech republic...0. 80 75 Peru...

development Data Tables 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7 1 Switzerland...

4. 4 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7 73 Mexico...4. 3 74 Zambia...

Data Tables 496 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7

4. 1 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 73 India...4. 1 74 Nepal...

Data Tables The Global Competitiveness Report 2014 2015 497 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 4 7

3. 4 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 4 7 73 Rwanda...3. 4 74 Macedonia, FYR...

Data Tables 498 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 2. 9 7

2. 8 RANK COUNTRY/ECONOMY VALUE 1 MEAN 2. 9 7 73 Puerto rico...2. 8 74 Iceland...

Data Tables The Global Competitiveness Report 2014 2015 499 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 2. 8 7

2. 7 RANK COUNTRY/ECONOMY VALUE 1 MEAN 2. 8 7 73 Lithuania...2. 7 74 Swaziland...

Data Tables 500 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 8 7

4. 8 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 8 7 73 Hungary...4. 8 74 Malawi...

Data Tables The Global Competitiveness Report 2014 2015 501 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7

4. 0 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7 73 Rwanda...4. 0 74 Malawi...

Data Tables 502 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Australia...

6 RANK COUNTRY/ECONOMY VALUE 63 Gabon...6 63 Guinea...6 63 Lesotho...6 63 Mali...

Data Tables 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 8 7 1 Finland...

4. 8 72 Honduras...4. 8 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 8 7 73 Gambia, The...

Data Tables 506 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 7 7

4. 6 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 7 7 73 Côte d'ivoire...4. 6 74 Greece...

Data Tables The Global Competitiveness Report 2014 2015 507 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7

4. 6 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7 73 Korea, Rep...4. 6 74 Senegal...

Data Tables 508 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Iceland...

46.3 RANK COUNTRY/ECONOMY VALUE 73 Costa rica...46.0 74 Dominican republic...45.9 75 China...45.8 76 Jordan...

Data Tables The Global Competitiveness Report 2014 2015 509 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Switzerland...

7. 4 RANK COUNTRY/ECONOMY VALUE 73 Saudi arabia...7. 3 74 Venezuela...7. 3 75 Suriname...

Data Tables 510 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Luxembourg...

26.3 RANK COUNTRY/ECONOMY VALUE 73 Myanmar...26.2 74 Bahrain...25.9 75 Hungary...24.9 76 Mauritius...24.4 77 Seychelles...

Data Tables The Global Competitiveness Report 2014 2015 511 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Singapore...

25.4 RANK COUNTRY/ECONOMY VALUE 73 Panama...25.2 74 South Africa2...25.2 75 Albania...24.7 76 Montenegro...

Economic Forum RANK COUNTRY/ECONOMY VALUE 1 United states...7. 0 2 China...6. 8 3 India...

3. 5 RANK COUNTRY/ECONOMY VALUE 73 Serbia...3. 4 74 Kuwait...3. 4 75 Azerbaijan...

Data Tables 514 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 China...

4. 4 RANK COUNTRY/ECONOMY VALUE 73 Panama...4. 4 74 Serbia...4. 4 75 Croatia...

Data Tables The Global Competitiveness Report 2014 2015 515 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 United states...

88.5 RANK COUNTRY/ECONOMY VALUE 73 Guatemala...81.8 74 Serbia...81.1 75 Kenya...80.4 76 Tanzania...

Data Tables 516 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Hong kong SAR...

37.3 RANK COUNTRY/ECONOMY VALUE 73 Chad2...37.3 74 Ghana...36.7 75 Cape verde...36.5 76 Georgia...36.3 77 Nigeria...

Data Tables 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7 1 Japan...

4. 6 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7 73 Slovenia...4. 6 74 New zealand...

Data Tables 520 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 4 7

4. 4 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 4 7 73 Jamaica...4. 4 74 Senegal...

Data Tables The Global Competitiveness Report 2014 2015 521 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7

3. 8 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 73 Gambia, The...3. 8 74 Barbados...

Data Tables 522 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 7 7

3. 4 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 7 7 73 Colombia...3. 4 74 Senegal...

Data Tables The Global Competitiveness Report 2014 2015 523 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 9 7

3. 7 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 9 7 73 Greece...3. 7 74 Gambia, The...

Data Tables 524 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7

4. 0 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 73 Russian Federation...4. 0 74 Guyana...

Data Tables The Global Competitiveness Report 2014 2015 525 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7

3. 8 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 73 Macedonia, FYR...3. 8 74 Zambia...

Data Tables 526 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7

4. 2 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 73 Senegal...4. 1 74 Pakistan...

Data Tables The Global Competitiveness Report 2014 2015 527 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7

3. 7 72 Honduras...3. 7 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 73 Chile...

Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 9 7 1 Switzerland...5. 9 2 United states...

3. 7 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 9 7 73 Nigeria...3. 7 74 Dominican republic...

Data Tables 530 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7

3. 7 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 73 Ghana...3. 7 74 Uruguay...

Data Tables The Global Competitiveness Report 2014 2015 531 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 3 7

3. 1 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 3 7 73 Albania...3. 1 74 Latvia...

Data Tables 532 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 7 7

3. 5 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 7 7 73 Poland...3. 5 74 Ukraine...

Data Tables The Global Competitiveness Report 2014 2015 533 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 5 7

3. 4 RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 5 7 73 Australia...3. 4 74 Kazakhstan...

Data Tables 534 The Global Competitiveness Report 2014 2015 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7

4. 0 RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 73 Mongolia...4. 0 74 Rwanda...

Data Tables The Global Competitiveness Report 2014 2015 535 2014 World Economic Forum RANK COUNTRY/ECONOMY VALUE 1 Switzerland...

1. 0 RANK COUNTRY/ECONOMY VALUE 73 Moldova...0. 8 74 Jamaica...0. 6 75 Azerbaijan...

This indicator does not apply to economies where there is no regular train service or where the network covers only a negligible portion of the territory.

either putting financial resources at the disposal of other sectors in the economy and nonresidents (net lending),

This balance may be viewed as an indicator of the financial impact of general government activity on the rest of the economy and nonresidents.

information by senior economists and sovereign-debt analysts at leading global banks and money management and security firms.

Health and primary education 4. 01 Malaria incidence Estimated number of malaria cases per 100,000 population 2012 This indicator refers to the estimated number of new cases of malaria in the economy

7=no impact at all 2013 14 weighted average This indicator does not apply to economies considered free of malaria

national sources 5. 03 Quality of the education system How well does the education system in your country meet the needs of a competitive economy?

1=excessively burdensome for the economy; 7=balances well the interests of taxpayers, consumers and producers 2013 14 weighted average Source:

In the absence of reliable data on PCT applications for Taiwan (China) and Hong kong SAR, two advanced economies that are not signatories of the Treaty

For the computation of the two averages, only economies with a two-year average number of at least 100 USPTO applications

The estimates are used in the computation of the respective Innovation pillar scores of the two economies.

and Senior Economist with The Global Competitiveness and Benchmarking Network at the World Economic Forum.

) Roberto Crotti Roberto Crotti is an Economist with The Global Competitiveness and Benchmarking Network at the World Economic Forum.

Attilio Di Battista Attilio Di Battista is a Junior Quantitative Economist with The Global Competitiveness

Lead Economist, and Head of The Global Competitiveness and Benchmarking Network at the World Economic Forum.

Caroline Galvan Caroline Galvan is an Economist and Senior Manager with The Global Competitiveness and Benchmarking Network at the World Economic Forum.

and Senior Economist with The Global Competitiveness and Benchmarking Network at the World Economic Forum.

when the global economy finally seems to be recovering from the worst financial and economic crisis the world has seen in decades.

Potential risks going forward concern the possible tightening of financial conditions that may follow a normalization of the monetary policy in the United states and other advanced economies

and internal social tensions linked to rising inequality in large economies that could have global consequences.

The Global Competitiveness Report 2014 2015 offers users a unique dataset on a broad array of competitiveness indicators for 144 economies.

The Report contains detailed profiles highlighting competitive strengths and weaknesses for each of the 144 economies featured,

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