Synopsis: Entrepreneurship: Economics: Economy: Economy:

Economic growth is increasingly related to the capacity of regional economies to change and innovate. Regions and cities have become the primary spatial units where knowledge is transferred,

and considerable experience of translating this into benefits for society and the economy. Over the last 12 years, the Institute has secured through competitive bidding on a national and European level in excess of â 112 million in external research funding.

Sustainable economic growth is increasingly related to the capacity of regional economies to change and to innovate.

It is estimated that each job in the Health Services sector supports 1. 18 jobs elsewhere in the economy.

The purchasing power of hospital employed staff has been estimated as worth more than â 242.34 million to the south East economy

WIT€ s role in Supporting the Health Related Economy WIT supports regional health related services and companies through two mechanisms †its health focused research activity and the development of human capital in health services and health

The Centre for Enterprise Development & Regional Economy (CEDRE), WIT The Centre for Enterprise Development & Regional Economy (CEDRE) at the School of business in WIT plays a major role in WIT€ s mission to be a major contributor to the economic growth and development of Ireland†s

South East Region. With extensive expertise amongst its academic and research staff WIT is well-resourced to be a key force in supporting,

Europe†s economy and society? It is reasonable to assume that European output and productivity growth would be significantly

innovation divides between European economies as well as between Europe overall and comparator economies such as the United states. The report suggests a forward-looking

agenda designed to contribute to Europe†s competitiveness and growth by encouraging a robust environment of

advanced economies, and in the Eurozone in particular where growth rates remain low and unemployment stubbornly high.

its competitiveness and set its economy on a more solid footing. This is due, in part, to continued uncertainty about

European, many other European economies have much ground to cover. This result is confi rmed by the Forum†s

economies and the greatest divergence between its member states with regard to measures of â€oesmart†growth particularly with reference to the digital agenda and

entrepreneurs from these economies to Central and Eastern European (CEE) countries to take advantage of lower fixed

fuelling the European economy Jan MÃ hlfeit, Chairman, Europe, Microsoft Corporation Benefit for large corporates Benefit for entrepreneurs Risk to one or both partners

The role of innovation-driven entrepreneurship in the economy: Which role does driven innovation entrepreneurship play for your economy?

Could you estimate what proportion of SME employees in your country are working in innovation-driven SMES

In general, policy-makers highlighted the important role of entrepreneurship for the European economy. Key activities on the

Economy of Portugal David Willetts Minister of state for Universities and Science of the United Kingdom Figure 19:

The role of innovation-driven entrepreneurship in your economy: â€oemore than 20 million SMES in Europe have a key

The role of innovation-driven entrepreneurship in your economy: â€oeinnovation-driven entrepreneurship is seen as a key driver of growth for the years to come.

The role of innovation-driven entrepreneurship in your economy: â€oeinnovation-driven entrepreneurship is one of the

The role of innovation-driven entrepreneurship in your economy: â€oeit†s quite simple †it†s about growing the economy

and solving our social challenges. If we just do the same things over and over again, or just open corner shops, then we

The role of innovation-driven entrepreneurship in your economy: â€oeentrepreneurs play a key role in securing

competition and innovation in the economy. In recent years innovation-driven entrepreneurship has become an important

global knowledge economy Open and innovative large companies play a vital role in the emergence and development of entrepreneurial ecosystems

Minister of Economy of Portugal The role of innovation-driven entrepreneurship in your economy: â€oeinnovation-driven entrepreneurship played a

central role during the recent period of strong economic adjustment, where, leveraged by its effects, the Portuguese

economy suffered structural changes: becoming a highly exporting, increasingly innovative and entrepreneurial economy Our exports have grown significantly (at the fastest pace in EU15,

and have increased their technological profile). Our innovation performance posted the highest growth in the EU,

The role of innovation-driven entrepreneurship in your economy: â€oeinnovation-driven entrepreneurs introduce new products, new services and new methods, thereby making a significant contribution to the Dutch economy.

Among the innovation-driven economies in the EU-28, The netherlands is the most entrepreneurial economy in terms of new and

nascent entrepreneurship according to the Global Entrepreneurship Monitor. †A recent success in fostering entrepreneurship: â€oerecent successes by The netherlands in improving the conditions for

The role of innovation-driven entrepreneurship in your economy: â€oeinnovation-driven entrepreneurship is one of the

most important drivers for sustainable development of the economy in the Czech republic. This is reflected in several

The role of innovation-driven entrepreneurship in the economy: â€oeinnovation-driven businesses of all sizes display

time, on an economy-wide scale, innovation has contributed as much as 70%to the UK€ s economic growth.

including the economy, taxation, regulations, competition and cash-flow issues. There were also a number of barriers that innovative SMES experience over and above those that

of the sharing economy (in the form of Airbnb and Uber is challenging government and industry approaches in the

continued growth and productivity in European economies Understanding, anticipating and shaping these shifts will be critical to ensuring that Europe prepares ecosystems ready

Today, with the need to invest in innovative economies and innovative governments higher than ever, a key

best fit in a future global knowledge economy. For example, a key issue to be considered in such a

developing economy multinationals finding advantage in harvesting opportunities in diverse parts and corners of their economies.

At first, new forms of communication and coordination meant that the benefits of acquisition outweighed the challenges of organizational complexity

Realizing scale economies will have to happen through shared infrastructure systems with other corporations and civic and financial institutions that are modular

scale economies across these different parts of the Coral Reef and the different convergence spaces will be highly

†Barclays report, written by The Economist Intelligence Unit (2014), Start me up: Creating Britain†s entrepreneurial

Blair L. Fortner, Global Chief Economist, Monsanto Company, USA Hamish Forsyth, Cofounder and Director, Strategy

Antã nio Pires de Lima, Minister of Economy of Portugal Benoit Potier, Chairman and Chief executive officer, Air

M. Willem van Eeghen, Lead Economist, Office of the Chief Economist for the Europe and Central asia Region, World

Bank, WASHINGTON DC Maria Fanjul, Chief executive officer, entradas. com, Spain Charles Grant, Director, Centre for European Reform (CER

Economy and Geopolitics, Spain Mark Spelman, Global Managing director, Accenture, United Kingdom Pawel Swieboda, President, demoseuropa-Centre for

Caroline Galvan, Economist, Global Competitiveness and Benchmarking Network Peter Gratzke, Senior Project Associate, Investors Industries

Chief Economist THE GLOBAL COMPETITIVENESS AND BENCHMARKING NETWORK Margareta Drzeniek Hanouz, Head of the Global

Economist Beã at Bilbao-Osorio, Associate Director, Senior Economist Ciara Browne, Director Roberto Crotti, Quantitative Economist

Attilio Di Battista, Junior Quantitative Economist Gaã lle 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 We are grateful to Mirza Taqi for his invaluable research

assistance The terms country and nation as used in this report do not in all cases refer to a territorial entity that is a state

as understood by international law and practice. The terms cover well-defined, geographically self-contained economic areas that may not be states but for which

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†2015 v

Economy and Values Research center Manuk Hergnyan, Chairman Sevak Hovhannisyan, Board member and Senior Associate Tamara Karapetyan, Research Associate

Julie Toth, Chief Economist Innes Willox, Chief executive officer Austria Austrian Institute of Economic Research (WIFO Karl Aiginger, Director

Iman Al-Ayouty, Senior Economist Tarek El-Ghamrawy, Economist Omneia Helmy, Director of research Estonia Estonian Institute of Economic Research (ECES

Marje Josing, Director Estonian Development Fund TÃ nis Arro, Chief executive officer Ethiopia African Institute of Management, Development

ETLA€ The Research Institute of the Finnish Economy Markku Kotilainen, Research director Petri Rouvinen, Research director Vesa Vihriã¤lã¤,Managing director

Thanasis Printsipas, Economist, Entrepreneurship Guatemala FUNDESA Felipe Bosch G.,President of the Board of directors Pablo Schneider, Economic Director

David O†Rear, Chief Economist Federation of Hong kong Industries Alexandra Poon, Director Hungary KOPINT-Tà RKI Economic Research Ltd

Conor Hand, Economist Israel Manufacturers Association of Israel (MAI Dan Catarivas, Foreign Trade & International Relations Director

Ona Grigiene, Deputy Head, Knowledge 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

Ministry of the Economy Adolfo Cimadevilla Cervera, Technical Secretary for Competitiveness Sergio Merino Gonzã¡lez, Deputy General Director

Vladimir Dubrovskiy, Leading Economist United arab emirates Department of Economic Development†Abu dhabi Competitiveness Office of Abu dhabi (COAD

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

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. Better assigning available resources

for the success of any economy. These elements will continue to be even more essential in the future

of each of the economies covered, so that stakeholders can work together on shaping economic agendas

and environmental dimensions of an economy need to be considered fully in any growth or development

competitiveness performance of 144 economies and thus continues to be the most comprehensive assessment of its kind globally.

profile for each of the economies included in the study as well as an extensive section of data tables with global

Economist; and Margareta Drzeniek Hanouz, Head of The Global Competitiveness and Benchmarking Network, as well as team members Beã at Bilbao-Osorio

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

Japan†s economy while still needing to translate Abenomics into stronger private demand, seems to be waking up after two

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

also likely to affect many developing economies To a large extent, the improvement of the global

available in the economy. As the economic situation improves, a normalization of the monetary policy with a

and, most notably, emerging economies could jeopardize the rather positive forecast, especially if productivity -enhancing investment levels do not manage to pick up

in key advanced economies remains a tangible risk that could derail recovery because real interest rates may

the level of productivity of economies. In order to achieve higher levels of productivity, new actions in

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

which in turn are the fundamental drivers of its growth rates. In other words, a more competitive economy is

one that is likely to grow faster over time The concept of competitiveness thus involves static

this process has occupied the minds of economists for hundreds of years, engendering theories ranging from Adam Smith†s focus on specialization and the

of an economy The components are grouped into 12 pillars of competitiveness First pillar: Institutions The institutional environment is determined by the legal

level and for the economies of many countries The quality of institutions has a strong bearing on

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

Clã ment Gignac, Chief Economist and Senior vice-president, Industrial Alliance Insurance and Financial services, Canada (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

ensuring the effective functioning of the economy, as it is an important factor in determining the location of

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

that macroeconomic disarray harms the economy, as we have seen in recent years, conspicuously in the

In sum, the economy cannot grow in a sustainable manner unless the macro environment is stable.

economies, notably the United states and some European countries, needed to take urgent action to prevent macroeconomic instability when their public debt

economy. Basic education increases the efficiency of each individual worker. Moreover, often workers who have received little formal education can carry out only

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 and adapt rapidly to

be traded most effectively in the economy. Healthy market competition, both domestic and foreign, is important in driving market efficiency, and thus business

of interdependence of economies worldwide and the degree to which growth depends on open markets Protectionist measures are counterproductive as they

most effective use in the economy and provided with incentives to give their best effort in their jobs.

citizens, as well as those entering the economy from abroad, to their most productive uses. It channels

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

economy at large Ninth pillar: Technological readiness In today†s globalized world, technology is increasingly essential for firms to compete and prosper.

which an economy adopts existing technologies to  2014 World Economic Forum 1. 1: The Global Competitiveness Index 2014†2015

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

sophisticated products) spill over into the economy and lead to sophisticated and modern business processes across the country†s business sectors

gains that our economies have experienced historically These range from the industrial revolution in the 18th century and the invention of the steam engine and

Innovation is particularly important for economies as they approach the frontiers of knowledge, and the possibility

pressures faced by advanced economies, it is important that public and private sectors resist pressures to cut

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.

stage, the economy is driven factor and countries compete based on their factor endowments†primarily Pillar 5. Higher education

economies Key for efficiency-driven economies Key for innovation-driven economies Pillar 1. Institutions Pillar 2. Infrastructure

Pillar 3. Macroeconomic environment Pillar 4. Health and primary education Pillar 11. Business sophistication Pillar 12.

Innovation Pillar 5. Higher education and training Pillar 6. Goods market efficiency Pillar 7. Labor market efficiency

pillars that are more relevant for an economy given its particular stage of development. That is, although all

economies that have reached very high levels of income the capacity to increase the productivity of any other

wealthier than economies at the technological frontier are classified in the innovation-driven stage. 22 Any countries

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

are not available for the entire set of economies. The Survey process and the statistical treatment of data are

This year the Report covers 144 economies. In this edition, because of data availability issues, we could

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 CÃ'te d'Ivoire Gabon Dominican republic Croatia Denmark

Ethiopia Honduras Egypt Hungary Estonia Gambia, The Iran, Islamic Rep. El salvador Kazakhstan Finland Ghana Kuwait Georgia Latvia France

competitiveness and prosperity in an economy, and that can stimulate a constructive dialogue to catalyze the

well as for a number of selected economies in each of the five following regions:

highly advanced Western economies and several Asian tigers. For the sixth consecutive year Switzerland leads

second-most competitive economy in the world. Overall the rankings at the top have remained rather stable

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

Country/Economy Rank out of 144 Score 1†7 Rank among 2013†2014 economies *GCI 2013â€

2014 rank out of 148) †Switzerland 1 5. 70 1 1 Singapore 2 5. 65 2 2

Country/Economy Rank out of 144 Score 1†7 Rank among 2013†2014 economies *GCI 2013â€

2014 rank out of 148) †Sri lanka 73 4. 19 73 65 Botswana 74 4. 15 74 74

*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.

†The 2013†2014 edition of the Global Competitiveness Report covered 148 economies  2014 World Economic Forum

Country/Economy Rank Score Rank Score Rank Score Rank Score Switzerland 1 5. 70 4 6. 17 5 5. 49 1 5. 74

Country/Economy Rank Score Rank Score Rank Score Rank Score Sri lanka 73 4. 19 75 4. 51 75 3. 97 43 4. 00

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

Country/Economy Rank Score Rank Score Rank Score Rank Score Rank Score Albania 97 4. 14 103 3. 38 90 3. 52 122 3. 82 62 5. 85

Country/Economy Rank Score Rank Score Rank Score Rank Score Rank Score Libya 111 3. 86 142 2. 62 113 2. 88 41 5. 36 119 4. 55

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

Country/Economy Rank Score Rank Score Rank Score Rank Score Rank Score Rank Score Rank Score

Country/Economy Rank Score Rank Score Rank Score Rank Score Rank Score Rank Score Rank Score

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

Country/Economy Rank Score Rank Score Rank Score Albania 114 3. 17 104 3. 61 120 2. 73

Country/Economy Rank Score Rank Score Rank Score Libya 143 2. 49 135 3. 01 144 1. 98

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

features that make its economy extremely productive US companies are sophisticated highly and innovative and they are supported by an excellent university system

to downgrade the outlook of this Nordic economy More precisely, Finland suffers from higher, though

economy could be more competitive if its labor markets were made even more efficient. In recent years, labor

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

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

of the most open economies in the world. In order to enhance its competitiveness, Hong kong must improve

building a truly innovation-driven economy, Hong kong can rely on its high degree of technological readiness

economy to remain highly productive. An excellent education and training system (3rd), coupled with a

innovation-based economy; ICT adoption (3rd) is among the highest in the world; and, in terms of innovation

10 most competitive economies, while at the same time, many countries in Southern and Central and

between those economies that are adopting and implementing the reforms necessary to become more competitive†these include countries such as Greece

rankings†and some other economies, such as France and Italy, which are not recording much progress Denmark improves by two positions to reach 13th

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

lowest ranked EU economies Poland maintains its positioning overall and comes in at 43rd place.

-driven economy will be necessary for Poland to sustain its growth going forward. The country can build on a

At the time of writing, the Russian economy continues to face many deeply rooted challenges that

of the economy will need reinforcing the very small SME sector as well as continued progress toward a

economy and enable Ukraine to better take advantage of its numerous competitiveness strengths, such as its well

support a structural change of the Greek economy so that it can move toward more productive, knowledge

is home to three of the 10 most competitive economies in the world: Singapore, Japan, and Hong kong SAR

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

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

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

as Malaysia, the goal is to transform the economy to become more knowledge-driven in order to avoid

economies, common challenges include addressing the huge infrastructure deficit and improving regional connectivity; reducing red tape, which will promote

Asian economies. Malaysia advances nine positions in the institutions pillar, which largely drives this year†s

knowledge-based economy by the end of the decade Amid this largely positive assessment, the government

continues to lead the BRICS economies by a wide margin†well ahead of Russia (53rd), South africa (56th

China to rebalance its economy away from investment and toward more consumption. Despite the persistence

advanced economies. China must now create the high -value jobs that will sustain the increasing standards of

reviving the economy, which is growing at half the rate of 2010. Boxâ 2 details India†s performance

In 2013, its economy grew by a modest 4. 4 percent (see Figureâ 1). Improving competitiveness

ranks 71st (down 11) out of 144 economies in the Global Competitiveness Index (GCI) 2014-2015 (see Figureâ 2). It is

the lowest ranked among the BRICS economies. The rank differential with China (28th) has grown from 14 places in

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.

into the formal economy. Some estimates find that the informal sector accounts for half of India†s economic output

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

interest rates low to stimulate the faltering economy and tightening monetary policy to stem inflation Improving competitiveness will yield India huge benefits

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

percent of the economy. Most services jobs are low-skilled and poorly paid ones, though.

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

year and remains the most competitive economy in Latin america, with a very stable profile. The country

need for Chile to diversify its economy by moving toward more knowledge-based activities. In this context, the

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

the right set of skills for an economy that increasingly needs a skilled labor force to sustain the sharp economic

necessary set of skills for an economy in transition toward more knowledge-based activities. Addressing

economies, will require implementing reforms and engaging in productive investments (see Boxâ 3). This approach is not only important

come into the country from some advanced economies during the height of the financial crisis. Notwithstanding these challenges, Brazil still benefits from important

deliver on the skill set that a changing Mexican economy requires; and its low level of ICT uptake (88th), which

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

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

sectors of the economy, by removing bottlenecks and barriers to entry;(2) making the labor markets more flexible and more

emerging economies to promptly and efficiently implement structural reforms. Those reforms are necessary to increase

â€oeemerging Economies, †to refer to the group of â€oedeveloping and Emerging Market Economies†as defined by the International

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

Ranks are out of 144 economies *Change in ranking between the 2010†2011 and the 2014†2015 editions of the GCI

and use knowledge and thus diversify its economy toward more productive activities will require raising the

providing the skills needed for a changing economy; to boost technology adoption (92nd), including a broader

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

prices that can drastically affect The argentine economy Overall, the country continues to face adverse macroeconomic conditions (102nd) that affect its access

economy Venezuela (131st) continues to be immersed in a deep macroeconomic (139th) and institutional (144th crisis. A very unstable macroeconomic environment with

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

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

small, energy-rich economies continue to perform well in the rankings, building on their resource-driven

diversify the economy and ensure that economic growth is sustainable going into the future Qatar falls three places to 16th position.

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

to further diversify its economy and create sufficient number of jobs for the growing workforce. Overall

among the Gulf Cooperation Council (GCC) economies 20th). ) Yet Saudi arabia also faces important challenges going forward.

country attempts to diversify its economy, which will require a more skilled and educated workforce.

economies Israel retains the 27th position in this year†s GCI The country†s main strengths remain its world-class

country†s economy, although this has not been the case in the recent past Jordan moves back up to 64th place, a rank it

proximity to GCC economies and Europe, and recent fiscal reforms have created space for shifting spending

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

to energizing the economy by providing access to new entrants. This, in turn, would make the country†s private

economies in recent years, the sub-Saharan African region provided something of a silver lining in an

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

resource-rich economies More importantly, more than a decade of consistent high growth has trickled not yet down to all segments

still largely agriculture-based economies to higher -value-added activities in order to move the workforce out of agriculture into more productive sectors. 26 The

economies fare relatively well. Although large regional variations remain in terms of competitiveness†ranging from Mauritius, now a solid 17 places ahead of the

economies. South africa does well on measures of the quality of its institutions (36th), including intellectual

advanced economies, notably the euro area, has made it more vulnerable to the economic slowdown of those

economies. These ties are likely to have contributed to the deterioration of fiscal indicators: its performance

transition to becoming an efficiency-driven economy Education enrollment rates at all levels remain low by

on the mining sector 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

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

economy; weakening fiscal finances are affecting the macroeconomic environment (126th; and health remains an area of serious concern (117th.

dollarization of its economy in early 2009, which brought down inflation and interest rates†Zimbabwe still receives

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

assesses the competitiveness of 144 economies across all geographies and stages of development. The GCI

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, and boost inclusive growth with more and better opportunities for all segments of the population.

21 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

average of that of economies at the technology frontier. Countries at the technology frontier are the 10 countries with the highest per

/economy profiles. The groupings in the profiles are based on IMF data, and use the IMF classifications

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

World Economy. Cambridge, MA: MIT Press. Chapters 3 and 4 IMF (International monetary fund. 2014a. World Economic Outlook

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

assess the level of productivity of an economy, which determines its long-term growth potential. This appendix

level of productivity of an economy is a difficult task. The seminal work of Solow (1957) provided a methodology

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

of investment in an economy. As a result, most theories would predict the GCI to be positively related to an

for that lies in what economists call the â€oeconditional convergence effect, †which posits that, all other things

economies to grow faster†a phenomenon known as conditional convergence. 1 In other words, if all countries had the same investment and population growth rates

by the level of productivity across different economies If these net-of-convergence growth rates are positively

competitiveness of an economy In conclusion, the results of both Figures 1 and 2 indicate that the GCI is a good estimate of the level

long-run growth rate of an economy and its level of prosperity†is validated on a statistical level

N=132 economies  2014 World Economic Forum 1. 1: The Global Competitiveness Index 2014†2015

1 The reason that poor economies do not grow systematically faster is that â€oeother things are not equal. †Among those other things that

%*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.

lowest and highest country scores in the sample of economies covered by the GCI. In some instances, adjustments were made

e â€oen/Appl. †is used for economies where there is no regular train service or where the network covers only a negligible portion

development of Western economies since the mid-20th century. During this period, high standards of living were

economies, with the expectation that these standards would remain high and expand globally over time

growing developing and emerging economies suggest that these dimensions are intertwined strongly and therefore should be addressed as part of the economic

experienced by Western economies in the earlier stages of industrialization. According to Thomas Piketty†s recent

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

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

Clã ment Gignac, Chief Economist and Senior Vice -President, Industrial Alliance Insurance and Financial Services, Canada

Economy, Indonesia Lindene Patton, Chief Climate Product Officer, Zurich Financial services, Switzerland Anthony O†Sullivan, Head Private Sector Development

7 The Economist 2014 8 World Economic Forum 2014 9 World bank and the Development Research center of the State

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

more costly to the economy as a whole than the use of carbon pricing, 15 while others see carbon

economy in the short Run for example, according to a study by the Congressional Budget Office of

Interest among economists and social scientists in the relationship between income distribution and economic performance has been growing over the last

clusters in developing and developed economies alike are certainly tangible and explain the broad interest

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

In advanced economies, welfare states promote the economic and social well-being of the society by protecting their members from excessive

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

extent of the black economy. When workers have access only to short-term contracts or vulnerable

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

a functioning economy that, by definition, uses natural resources. For this reason, although the academic

of an economy, as discussed in Chapter 1. 1, which is defined as the set of institutions, policies, and factors

that determine the level of productivity of an economy The GCI is a comprehensive index that takes into

employment, the Extent of the informal economy, and Social safety net protection. The vulnerable employment

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

ideas, thus benefitting the economy A third category can be thought of as an assessment of social cohesion and includes the following

•Extent of informal economy •Social safety net protection •Income Gini index •Social mobility

Baseline water stress in an economy, which models the relation between water supply availability and demand

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

economies tend to have more mature institutions that ensure that citizens have access to basic infrastructure

economies in terms of emissions such as CO2, as well as in manufacturing-related pollution such as waste and by-products of industrial processes. 41 However, these

economies are currently facing problems that advanced economies have experienced already in their own earlier stages of development, such as biodiversity loss caused

by deforestation, urbanization, and the expansion of agricultural land as well as air pollution (proxied here by particulate matter,

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

economies from one year to the next. Nonetheless constant monitoring and benchmarking of selected indicators helps to identify possible areas of risk and the

/Economy Rank*Value Value Direction Value Direction Value Direction Switzerland 1 5. 7 6. 75 â‘6. 84 â‘6. 8 â

/Economy Rank*Value Value Direction Value Direction Value Direction India 71 4. 21 3. 98 â 3. 72 â 3. 85 â

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

economies Switzerland confirms its strong sustainability performance. Its 1st place in the GCI rankings is

less than that of other advanced economies because of its still-high levels of income inequality and youth

economies. On the social sustainability pillar, it is characterized by relatively low youth unemployment widespread access to healthcare,

low youth unemployment, its small informal economy and its resilient social safety net. The country attains

the environment side, similar to other economies in the region, Norway is making efforts to reduce its footprint

other economies  2014 World Economic Forum The Global Competitiveness Report 2014†2015 71 1. 2:

economies. On a positive note, it seems that the country has made progress in forest stewardship

economy, and the limited coverage of its social safety net Colombia†s competitiveness is reduced again this

informal economy and its lack of a universal social safety net show that India remains largely a poor country that is

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

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.

in 113 economies and fosters the understanding of conceptual links between productivity on the one hand and social and environmental sustainability on the other

more palpable, economies that have been investing and planning for the long run, balancing economic progress with social inclusion and good and effective

growth in advanced economies and the more recent slowdown in emerging markets create a climate of lack

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 NOTES

economies has revived concerns about â€oesecular stagnation, †with Lawrence Summers envisaging that even before the financial crisis

17 The Economist 2014 18 See, for example, UNEP 1997 for an analysis of the link between

although measured at country level in advanced economies, are not measured worldwide. Additionally, because poverty thresholds

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

The Economist. 2014. â€oethe 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

Environment Programme as part of its Green Economy Initiative, April. Available at http://www. unep. org/PDF

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

S07 Extent of informal economy S08 Social mobility S09 Vulnerable employment *Environmental sustainability pillar S10 Stringency of environmental regulations e

lowest and highest country scores in the sample of economies covered by the sustainability-adjusted GCI in each pillar

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

income among individuals or households within an economy deviates from a perfectly equal distribution. A Lorenz curve plots

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

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

however, no new economy is added  2014 World Economic Forum 1. 3: The Executive Opinion Survey

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

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: International monetary fund, World Economic Outlook database, April 2014 edition Note: Not all charts are drawn to scale

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

the competitiveness conditions of their economies. The full list of Partner Institutes can be found at the beginning

Country/economy coverage of the Executive Opinion Survey n Previous coverage n 2014 additions  2014 World Economic Forum

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

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

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; ‡

the main sectors of the economy (agriculture manufacturing industry, non-manufacturing industry, and services 2. Separate the frame into two lists:

140 economies to assess the key drivers of development. The methodology underpinning the analysis has been improved

an economy not included in the Survey cannot be covered by an index Note 1 European Management Forum 1979

heightened comparability across economies DATA TREATMENT AND SCORE COMPUTATION This section details the process whereby individual

produce the scores of each economy on each individual question of the Survey. These results, together with other

in Advanced Economies and Emerging and Developing Asia and for 48 percent in Sub-saharan africa, also reflecting the

percent in Advanced Economies Finally, in alignment with the Forum†s sampling guidelines approximately a third of the 2014 Survey respondents are

Advanced economies 0 20 40 60 80 100 0 20 40 60 80 100 Sub-saharan africa

Advanced economies 0 20 40 60 80 100 0 20 40 60 80 100 Sub-saharan africa

Advanced economies 0 20 40 60 80 100 0 20 40 60 80 100 Sub-saharan africa

Advanced economies 0 20 40 60 80 100 Figure 1: Executive Opinion Survey: Respondent profile

economy, despite the efforts of our Partner Institutes especially in challenging environments where the administration of the Survey is difficult.

that attempting to mirror the structure of the economy would result in assigning a very high individual weight

economy, the agriculture sector tends to be under -represented in the Survey sample because of the

of the economy, this mechanism was not sufficient to prevent an individual response from receiving a

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

This box presents the method applied to compute the country scores for the vast majority of economies included in The Global

Country/economy score calculation Cont†d  2014 World Economic Forum The Global Competitiveness Report 2014†2015 95

Country/economy score calculation (cont†d  2014 World Economic Forum 1. 3: The Executive Opinion Survey

overall size of the economy. Adjustments were made to the value based on searches in company directories and data gathered

80 for most economies and 300 for the BRICS countries and the United states), a Partner Institute uses the response rate from

4 The results are obtained the scores by each economy in the various questions of the Survey.

country, the ratio of the weight of one sector in the economy to the percentage of surveys from that sector in the country sample

8 The Survey was conducted in 148 economies in 2014. However, in Brunei Darussalam and Liberia there were not enough responses

Country/Economy Profiles  2014 World Economic Forum  2014 World Economic Forum The Global Competitiveness Report 2014†2015 101

Country/Economy Profiles Global Competitiveness Index This section details the economy†s performance on the main components of the Global Competitiveness

among the 144 economies included in the Index, while the second column presents its score.

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

in their economy. The information is drawn from the 2014 edition of the World Economic Forum†s Executive

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.

Unless noted otherwise all data in the Key indicators†section are sourced from the April 2014 edition of the International monetary fund

period for which data are available) for the economy under review (blue line. The gray line plots the

group of economies to which the economy under review belongs. We draw on the IMF€ s classification

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

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

position among the 144 economies covered by the GCI 2014†2015. The ranks of those indicators

For those economies ranked in the top 10 in the overall GCI, individual indicators ranked from 1

For those economies ranked from 11 through 50 in the overall GCI, variables ranked higher

For those economies ranked lower than 50th in the overall GCI, any individual indicators with

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 105

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 Australia 114 Austria 116 Azerbaijan 118 Bahrain 120 Bangladesh 122

Barbados 124 Belgium 126 Bhutan 128 Bolivia 130 Botswana 132 Brazil 134 Bulgaria 136 Burkina faso 138

Country/Economy Page Guyana 200 Haiti 202 Honduras 204 Hong kong SAR 206 Hungary 208 Iceland 210

Country/Economy Page Norway 296 Oman 298 Pakistan 300 Panama 302 Paraguay 304 Peru 306

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 105

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 107

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 109

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 111

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 113

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 115

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Austria Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1†2 2

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 117

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 119

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 125

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 127

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 147

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Cyprus Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1†2 2

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 165

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 167

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 169

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 177

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 181

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 183

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 191

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 193

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 195

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 199

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 203

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 205

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Hongâ Kong SAR Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1†2 2

Hong kong SAR Advanced economies  2014 World Economic Forum The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 207

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

the Country/Economy Profiles†on page 101 1 See the â€oetechnical Notes and Sources†section

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 211

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 213

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 219

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 221

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

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 223

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 227

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 229

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 235

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 239

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 241

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Latvia Advanced economies Factor driven Efficiency driven Innovation driven 1 Transition 1†2 2 Transition

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 243

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 247

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 253

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 255

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 257

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 259

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 261

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 263

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 265

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 267

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 269

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 271

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 279

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 281

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 283

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 285

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 287

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 289

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 291

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 293

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 295

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 297

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the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 301

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 313

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 315

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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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 333

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

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 335

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

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 337

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

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 339

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 341

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

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 343

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 345

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 347

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 349

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

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 351

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

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

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 353

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

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

Taiwan, China Advanced economies  2014 World Economic Forum The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 355

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

the Country/Economy Profiles†on page 101 1 See the â€oetechnical 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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 357

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 359

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 361

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 363

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 365

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 367

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 369

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 371

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 373

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 375

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

United kingdom Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1†2 2

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 377

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

Unitedâ States Advanced economies Stage of development Factor driven Efficiency driven Innovation driven 1 Transition 1†2 2

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 379

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 381

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 383

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 385

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 387

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 389

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

the Country/Economy Profiles†on page 101 The Global Competitiveness Index in detail The Global Competitiveness Report 2014†2015 391

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

economies included in The Global Competitiveness Report 2014†2015. The data tables are organized into 13 sections

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 1 Finland...6. 4 2 Singapore...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 73 India...4. 1 74 Italy...

from the base year for a particular economy, this is indicated in a footnote. Special cases and exceptions are

more economies are possible. In such cases, shared rankings are indicated accordingly. For example, four economies†Australia, Hong kong SAR, Portugal, and

RANK COUNTRY/ECONOMY VALUE 1 United states...16,799. 7 2 China...9, 181.4 3 Japan...4, 901.5

RANK COUNTRY/ECONOMY VALUE 73 Guatemala...54.4 74 Bulgaria...53.0 75 Costa rica...49.6 76 Ethiopia...

RANK COUNTRY/ECONOMY VALUE 1 United states...16,799. 7 2 China...9, 181.4 3 Japan...4, 901.5

RANK COUNTRY/ECONOMY VALUE 73 Guatemala...54.4 74 Bulgaria...53.0 75 Costa rica...49.6 76 Ethiopia...

RANK COUNTRY/ECONOMY VALUE 1 China...1, 360.8 2 India...1, 243.3 3 United states...316.4

RANK COUNTRY/ECONOMY VALUE 73 Dominican republic...10.4 74 Haiti...10.3 75 Hungary...9. 9 76 Sweden...

RANK COUNTRY/ECONOMY VALUE 1 Luxembourg...110,424 2 Norway...100,318 3 Qatar...100,260 4 Switzerland...

RANK COUNTRY/ECONOMY VALUE 73 China...6, 747 74 Peru...6, 674 75 South africa...6, 621

RANK COUNTRY/ECONOMY VALUE 1 United states...19.31 2 China...15.40 3 India...5. 83 4 Japan...

RANK COUNTRY/ECONOMY VALUE 73 Serbia...0. 09 74 Kenya...0. 09 75 Tanzania...0. 09

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 1 Finland...6. 4 2 Singapore...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 73 India...4. 1 74 Italy...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 1 Finland...6. 2 2 Singapore...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 73 Montenegro...3. 7 74 Kazakhstan...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 5 7 1 New zealand...6. 6 2 Denmark...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 5 7 73 Namibia...3. 2 74 Turkey...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 1 7 1 Singapore...6. 2 2 Qatar...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 1 7 73 Zambia...3. 0 74 Russian Federation...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7 1 New zealand...6. 7 2 Finland...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7 73 Swaziland...3. 8 74 Italy...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 9 7 1 New zealand...6. 7 2 Finland...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 9 7 73 El salvador...3. 6 74 Tajikistan...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 2 7 1 Qatar...5. 6 2 New zealand...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 2 7 73 Mauritius...3. 0 74 Vietnam...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 2 7 1 Qatar...6. 0 2 United arab emirates...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 2 7 73 United states...3. 1 74 Algeria...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 4 7 1 Qatar...5. 2 2 Singapore...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 4 7 73 Philippines...3. 4 74 Ghana...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 1 Singapore...6. 2 2 Finland...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 73 Morocco...3. 7 74 Panama...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 4 7 1 Finland...5. 6 2 New zealand...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 4 7 73 Morocco...3. 3 74 Cameroon...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 1 Singapore...6. 1 2 New zealand...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 73 Paraguay...3. 9 74 Slovak Republic...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 5. 1 7 1 Finland...6. 7 2 Slovenia...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 5. 1 7 73 Panama...5. 2 74 Canada...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 4 7 1 Qatar...6. 5 2 United arab emirates...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 4 7 73 Tajikistan...4. 4 74 Romania...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 8 7 1 United arab emirates...6. 8 2 Qatar...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 8 7 73 United states...4. 7 74 Kazakhstan...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 1 Finland...6. 7 2 New zealand...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 73 Uruguay...4. 1 74 Algeria...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 1 New zealand...6. 5 2 Finland...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 73 Kenya...3. 9 74 Jamaica...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 6 7 1 South africa...6. 7 2 Finland...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 6 7 73 Kuwait...4. 6 74 Gabon...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 6 7 1 New zealand...6. 1 2 Norway...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 6 7 73 El salvador...4. 5 74 Spain...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7 1 Finland...6. 2 2 South africa...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7 73 Kuwait...4. 1 74 Zimbabwe...

RANK COUNTRY/ECONOMY VALUE 1 New zealand...9. 7 2 Singapore...9. 3 3 Hong kong SAR...

RANK COUNTRY/ECONOMY VALUE 68 Guyana...5. 3 68 Jamaica...5. 3 68 Kuwait...5. 3

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 1 Switzerland...6. 6 2 Hong kong SAR...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 73 Slovak Republic...4. 2 74 Russian Federation...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 1 United arab emirates...6. 6 2 Portugal...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 73 CÃ'te d†Ivoire...3. 9

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 3 7 1 Japan...6. 7 2 Switzerland...

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.

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7 1 Netherlands...6. 8 2 Singapore...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7 73 Lebanon...4. 1 74 Guatemala...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 4 7 1 Singapore...6. 8 2 United arab emirates...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 4 7 73 Rwanda...4. 3 74 Montenegro...

RANK COUNTRY/ECONOMY VALUE 1 United states...34,115. 8 2 China...14,163. 0 3 United kingdom...6, 725.3

RANK COUNTRY/ECONOMY VALUE 73 Jamaica...145.0 74 Angola...130.5 75 Hungary...127.8 76 Costa rica...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7 1 Switzerland...6. 8 2 Hong kong SAR...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7 73 Russian Federation...4. 8 74 Sri lanka...

RANK COUNTRY/ECONOMY VALUE 1 Hong kong SAR...238.7 2 Gabon...214.8 3 Kuwait...190.3 4 Kazakhstan...

RANK COUNTRY/ECONOMY VALUE 73 Belgium...110.9 74 Namibia...110.2 75 Slovenia...110.2 76 Ghana...

RANK COUNTRY/ECONOMY VALUE 1 Taiwan, China...71.2 2 Hong kong SAR...63.0 3 Korea, Rep...61.6

RANK COUNTRY/ECONOMY VALUE 73 Malaysia...15.3 74 Panama...15.2 75 Kuwait...15.1 76 El salvador...

RANK COUNTRY/ECONOMY VALUE 1 Timor-Leste...36.1 2 Kuwait...28.9 3 Qatar...11.1 4 Norway...

RANK COUNTRY/ECONOMY VALUE 73 Slovak Republic...†3. 0 74 Canada...†3. 0

RANK COUNTRY/ECONOMY VALUE 1 Timor-Leste1...63.1 2 Qatar...58.4 3 Kuwait...55.2 4 Algeria...

RANK COUNTRY/ECONOMY VALUE 73 Lithuania...19.3 74 Madagascar...19.2 75 Spain...18.9 76 Myanmar...

RANK COUNTRY/ECONOMY VALUE 1 Ireland...0. 5 1 El salvador...0. 8 1 Denmark...0. 8

RANK COUNTRY/ECONOMY VALUE 86 Hong kong SAR...4. 3 87 Seychelles...4. 3 88 Guatemala...

RANK COUNTRY/ECONOMY VALUE 1 Libya...0. 0 2 Saudi arabia...2. 7 3 Kuwait...5. 3

RANK COUNTRY/ECONOMY VALUE 73 Mozambique...43.3 74 Bahrain...43.9 75 Tunisia...44.4 76 Denmark...

RANK COUNTRY/ECONOMY VALUE 1 Norway...94.8 2 Switzerland...94.2 3 Canada...93.1 4 Germany...

RANK COUNTRY/ECONOMY VALUE 73 Tunisia...44.4 74 Guatemala...44.4 75 Gabon...43.1 76 Jordan...

RANK COUNTRY/ECONOMY VALUE 1 Egypt...0. 0 1 Georgia...0. 0 1 Kyrgyz Republic...

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, for which

S l. means the economy was added to the WHO€ s supplementary list of areas where malaria has existed never or has

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 7 7 1 Egypt...6. 8 2 Argentina...

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

RANK COUNTRY/ECONOMY VALUE 1 Barbados...1. 6 2 United arab emirates...1. 7 3 Puerto rico...2. 2

RANK COUNTRY/ECONOMY VALUE 73 Singapore...50.0 74 Armenia...52.0 75 Latvia...53.0 76 Burkina faso...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 5. 4 7 1 Finland...7. 0 2 Norway...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 5. 4 7 73 Tunisia...5. 6 74 Iran, Islamic Rep...5. 6

RANK COUNTRY/ECONOMY VALUE 1 Albania1...0. 2 1 Algeria3...0. 1 1 Armenia...0. 2

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,

RANK COUNTRY/ECONOMY VALUE 1 MEAN 5. 3 7 1 Egypt...6. 9 2 Finland...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 5. 3 7 73 Czech republic...5. 5 74 Cape verde...

RANK COUNTRY/ECONOMY VALUE 1 Hong kong SAR...1. 6 2 Luxembourg...1. 7 3 Iceland...

RANK COUNTRY/ECONOMY VALUE 73 Jamaica...14.4 74 Armenia...14.7 75 Albania...15.0 76 Colombia...

RANK COUNTRY/ECONOMY VALUE 1 Hong kong SAR...83.5 2 Japan...83.1 3 Italy...82.9 4 Iceland...

RANK COUNTRY/ECONOMY VALUE 73 Lithuania...73.9 74 Latvia...73.8 75 Colombia...73.8 76 Iran, Islamic Rep...73.8

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 9 7 1 Finland...6. 7 2 Belgium...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 9 7 73 Oman...3. 8 74 Greece...

RANK COUNTRY/ECONOMY VALUE 1 Singapore...100.0 2 Canada2...99.9 3 Japan...99.9 4 China...

RANK COUNTRY/ECONOMY VALUE 73 Peru9...93.7 74 Zambia...93.7 75 Hong kong SAR...93.5 76 El salvador...

RANK COUNTRY/ECONOMY VALUE 1 Australia...135.5 2 Spain...130.8 3 Netherlands...129.9 4 Denmark...

RANK COUNTRY/ECONOMY VALUE 73 Hong kong SAR...88.7 74 Jamaica11...88.6 75 Moldova...88.2 76 Kyrgyz Republic11...

RANK COUNTRY/ECONOMY VALUE 1 Greece11...114.0 2 Korea, Rep...98.4 3 United states...94.3 4 Finland...

RANK COUNTRY/ECONOMY VALUE 73 Tunisia...35.2 74 Paraguay10...34.5 75 Dominican Republic11...34.1 76 Bahrain...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 7 7 1 Switzerland...6. 0 2 Finland...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 7 7 73 Korea, Rep...3. 6 74 Ethiopia...

How well does the education system in your country meet the needs of a competitive economy?

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 1 Singapore...6. 3 2 Finland...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 73 Saudi arabia...4. 1 74 Czech republic...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 1 Switzerland...6. 2 2 Belgium...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 73 Korea, Rep...4. 2 74 Romania...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 3 7 1 Iceland...6. 7 2 Estonia...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 3 7 73 Montenegro...4. 2 74 Seychelles...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 1 Switzerland...6. 5 2 Netherlands...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 73 Saudi arabia...4. 1 74 Dominican republic...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 1 Switzerland...5. 7 2 Japan...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 73 Mongolia...4. 0 74 Mexico...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 5. 0 7 1 Japan...6. 4 2 Taiwan, China...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 5. 0 7 73 Oman...5. 0 74 Russian Federation...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 1 Switzerland...6. 0 2 Japan...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 73 Tajikistan...3. 7 74 Slovenia...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7 1 Finland...5. 6 2 Netherlands...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7 73 Barbados...4. 0 74 Cambodia...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 1 Bahrain...6. 5 2 United arab emirates...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 73 Barbados...3. 7 74 Australia...

RANK COUNTRY/ECONOMY VALUE 1 Macedonia, FYR...8. 2 2 Timor-Leste...11.0 3 Qatar...

RANK COUNTRY/ECONOMY VALUE 73 Armenia...38.8 74 Honduras...39.2 75 Netherlands...39.3 76 Finland...

RANK COUNTRY/ECONOMY VALUE 1 Canada...1 1 New zealand...1 3 Armenia...2 3 Georgia...2

RANK COUNTRY/ECONOMY VALUE 57 Ukraine...6 57 United arab emirates...6 57 United kingdom...6 57 United states...

RANK COUNTRY/ECONOMY VALUE 1 New zealand...0. 5 2 Georgia...2. 0 2 Macedonia, FYR...

RANK COUNTRY/ECONOMY VALUE 69 Israel...14.0 74 Germany...14.5 75 Cameroon...15.0 75 Colombia...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 1 New zealand...6. 1 2 Malaysia...

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

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 3 7 1 Hong kong SAR...5. 5 2 United arab emirates...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 3 7 73 Macedonia, FYR...4. 4 74 Guyana...

RANK COUNTRY/ECONOMY VALUE 1 Hong kong SAR8...0. 0 1 Libya1...0. 0 3 Singapore8...

RANK COUNTRY/ECONOMY VALUE 73 Tajikistan...5. 7 74 Haiti8...5. 8 75 Botswana8...5. 9

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7 1 Luxembourg...6. 3 2 Singapore...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7 73 Senegal...4. 5 74 Trinidad and tobago...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 3 7 1 Ireland...6. 6 2 Singapore...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 3 7 73 Jordan...4. 4 74 Montenegro...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7 1 Singapore...6. 1 2 Hong kong SAR...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7 73 Peru...4. 0 74 Thailand...

RANK COUNTRY/ECONOMY VALUE 1 Hong kong SAR...249.1 2 Singapore...167.5 3 Lesotho2...127.4 4 Luxembourg...

RANK COUNTRY/ECONOMY VALUE 73 Bahrain2...47.1 74 Poland...45.9 75 Kenya2...45.5 76 Tanzania...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7 1 Japan...6. 3 2 Switzerland...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7 73 Ghana...4. 5 74 Madagascar...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 4 7 1 Japan...5. 3 2 Qatar...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 4 7 73 Ukraine...3. 4 74 Zambia...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 4 7 1 Switzerland...6. 2 2 Singapore...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 4 7 73 Guyana...4. 3 74 Cambodia...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 9 7 1 Estonia...6. 2 2 Uganda...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 9 7 73 Jordan...5. 0 74 Ethiopia...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 1 Hong kong SAR...5. 7 2 Switzerland...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 73 Tanzania...3. 9 74 Honduras...3. 9

RANK COUNTRY/ECONOMY VALUE 1 Denmark...0. 0 1 New zealand...0. 0 1 Puerto rico...0. 0

RANK COUNTRY/ECONOMY VALUE 73 Brazil...15.4 74 Tajikistan...15.5 75 India...15.8 76 Burundi...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 7 7 1 Bahrain...6. 3 2 Qatar...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 7 7 73 Finland...3. 6 74 Uganda...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 9 7 1 Hong kong SAR...5. 5 2 Malaysia...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 9 7 73 Finland...3. 9 74 Montenegro...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 1 New zealand...6. 5 2 Norway...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 73 Portugal...4. 2 74 Slovak Republic...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 5 7 1 Switzerland...5. 8 2 Qatar...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 5 7 73 Mozambique...3. 4 74 Colombia...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 5 7 1 Switzerland...6. 1 2 Singapore...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 5 7 73 Lao PDR...3. 4 74 Vietnam...

RANK COUNTRY/ECONOMY VALUE 1 Malawi...1. 05 2 Mozambique...1. 04 3 Rwanda...1. 02

RANK COUNTRY/ECONOMY VALUE 73 Slovak Republic...0. 80 74 Czech republic...0. 80 75 Peru...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7 1 Switzerland...6. 5 2 Luxembourg...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7 73 Mexico...4. 3 74 Zambia...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 1 Switzerland...6. 1 2 Luxembourg...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 73 India...4. 1 74 Nepal...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 4 7 1 Hong kong SAR...5. 7 2 Taiwan, China...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 4 7 73 Rwanda...3. 4 74 Macedonia, FYR...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 2. 9 7 1 Qatar...5. 1 2 Malaysia...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 2. 9 7 73 Puerto rico...2. 8 74 Iceland...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 2. 8 7 1 Qatar...4. 8 2 Malaysia...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 2. 8 7 73 Lithuania...2. 7 74 Swaziland...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 8 7 1 Canada...6. 7 2 New zealand...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 8 7 73 Hungary...4. 8 74 Malawi...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7 1 South africa...6. 4 2 Finland...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 1 7 73 Rwanda...4. 0 74 Malawi...

RANK COUNTRY/ECONOMY VALUE 1 Australia...10 1 Hong kong SAR...10 1 Kenya...10 1 Kyrgyz Republic...

RANK COUNTRY/ECONOMY VALUE 63 Gabon...6 63 Guinea...6 63 Lesotho...6 63 Mali...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 8 7 1 Finland...6. 6 2 United states...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 8 7 73 Gambia, The...4. 8 74 Thailand...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 7 7 1 Iceland...6. 2 2 Japan...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 7 7 73 CÃ'te d†Ivoire...4. 6

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7 1 Ireland...6. 4 2 Singapore...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7 73 Korea, Rep...4. 6 74 Senegal...

RANK COUNTRY/ECONOMY VALUE 1 Iceland...96.5 2 Norway...95.1 3 Sweden...94.8 4 Denmark...

RANK COUNTRY/ECONOMY VALUE 73 Costa rica...46.0 74 Dominican republic...45.9 75 China...45.8 76 Jordan...

RANK COUNTRY/ECONOMY VALUE 1 Switzerland...43.0 2 Denmark...40.2 3 Netherlands...40.1 4 France...

RANK COUNTRY/ECONOMY VALUE 73 Saudi arabia...7. 3 74 Venezuela...7. 3 75 Suriname...6. 9

RANK COUNTRY/ECONOMY VALUE 1 Luxembourg...6, 445.8 2 Hong kong SAR...1, 762.8 3 Malta...

RANK COUNTRY/ECONOMY VALUE 73 Myanmar...26.2 74 Bahrain...25.9 75 Hungary...24.9 76 Mauritius...24.4

RANK COUNTRY/ECONOMY VALUE 1 Singapore...135.1 2 Finland...123.5 3 Japan...120.5 4 Australia...

RANK COUNTRY/ECONOMY VALUE 73 Panama...25.2 74 South Africa2...25.2 75 Albania...24.7 76 Montenegro...

RANK COUNTRY/ECONOMY VALUE 1 United states...7. 0 2 China...6. 8 3 India...6. 2

RANK COUNTRY/ECONOMY VALUE 73 Serbia...3. 4 74 Kuwait...3. 4 75 Azerbaijan...3. 4

RANK COUNTRY/ECONOMY VALUE 1 China...7. 0 2 United states...6. 7 3 Germany...6. 5

RANK COUNTRY/ECONOMY VALUE 73 Panama...4. 4 74 Serbia...4. 4 75 Croatia...4. 3

RANK COUNTRY/ECONOMY VALUE 1 United states...16,799. 7 2 China...13,395. 4 3 India...5, 069.2

RANK COUNTRY/ECONOMY VALUE 73 Guatemala...81.8 74 Serbia...81.1 75 Kenya...80.4 76 Tanzania...

RANK COUNTRY/ECONOMY VALUE 1 Hong kong SAR...245.0 2 Singapore...178.1 3 Luxembourg...164.3 4 Belgium...

RANK COUNTRY/ECONOMY VALUE 73 Chad2...37.3 74 Ghana...36.7 75 Cape verde...36.5 76 Georgia...36.3

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7 1 Japan...6. 3 2 Germany...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 5 7 73 Slovenia...4. 6 74 New zealand...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 4 7 1 Japan...6. 2 2 Switzerland...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 4 7 73 Jamaica...4. 4 74 Senegal...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 1 Italy...5. 6 2 Taiwan, China...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 73 Gambia, The...3. 8 74 Barbados...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 7 7 1 Japan...6. 4 2 Switzerland...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 7 7 73 Colombia...3. 4 74 Senegal...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 9 7 1 Japan...6. 1 2 Germany...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 9 7 73 Greece...3. 7 74 Gambia, The...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 1 Japan...5. 6 2 Qatar...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 73 Russian Federation...4. 0 74 Guyana...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 1 Switzerland...6. 4 2 Japan...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 73 Macedonia, FYR...3. 8 74 Zambia...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 1 United states...6. 2 2 United kingdom...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 2 7 73 Senegal...4. 1 74 Pakistan...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 1 Denmark...6. 1 2 Norway...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 73 Chile...3. 7 74 Panama...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 9 7 1 Switzerland...5. 9 2 United states...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 9 7 73 Nigeria...3. 7 74 Dominican republic...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 1 Switzerland...6. 4 2 United kingdom...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 8 7 73 Ghana...3. 7 74 Uruguay...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 3 7 1 Switzerland...5. 9 2 Japan...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 3 7 73 Albania...3. 1 74 Latvia...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 7 7 1 Finland...6. 0 2 United states...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 7 7 73 Poland...3. 5 74 Ukraine...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 5 7 1 Qatar...5. 7 2 United arab emirates...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 3. 5 7 73 Australia...3. 4 74 Kazakhstan...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 1 Finland...6. 2 2 Qatar...

RANK COUNTRY/ECONOMY VALUE 1 MEAN 4. 0 7 73 Mongolia...4. 0 74 Rwanda...

RANK COUNTRY/ECONOMY VALUE 1 Switzerland...315.0 2 Japan...308.2 3 Sweden...300.8 4 Finland...

RANK COUNTRY/ECONOMY VALUE 73 Moldova...0. 8 74 Jamaica...0. 6 75 Azerbaijan...0. 6

This indicator does not apply to economies where there is no regular train service or where the network covers only a negligible

resources at the disposal of other sectors in the economy and nonresidents (net lending), or utilizing the financial resources

impact of general government activity on the rest of the economy and nonresidents. Revenue consists of taxes, social contributions

economists and sovereign-debt analysts at leading global banks and money management and security firms.

malaria in the economy per 100,000 population. M. F. and S l indicate respectively that the World health organization (WHO

This indicator does not apply to economies considered free of malaria or included in the World Health Organization†s

the needs of a competitive economy? 1=not well at all 7=extremely well 2013†14 weighted average

1=excessively burdensome for the economy; 7=balances well the interests of taxpayers, consumers and producers

and Hong kong SAR, two advanced economies that are not signatories of the Treaty, the number of applications is estimated

computation of the two averages, only economies with a two-year average number of at least 100 USPTO applications and 50 PCT

respective Innovation pillar scores of the two economies Sources: Organisation for Economic Co-operation and

Senior Economist with The Global Competitiveness and Benchmarking Network at the World Economic Forum. In this capacity, he carries out research on

Economy from the London School of economics (UK Roberto Crotti Roberto Crotti is an Economist with The Global

Competitiveness and Benchmarking Network at the World Economic Forum. His responsibilities include the computation and management of a range of indexes as

Attilio Di Battista is a Junior Quantitative Economist with The Global Competitiveness and Benchmarking Network at the World Economic Forum.

Economist, and Head of The Global Competitiveness and Benchmarking Network at the World Economic Forum.

Caroline Galvan is an Economist and Senior Manager with The Global Competitiveness and Benchmarking Network

Economist with The Global Competitiveness and Benchmarking Network at the World Economic Forum He leads the competitiveness practice on Asia.

and other advanced economies, a strained geopolitical scenario, and internal social tensions linked to rising inequality in large economies that could have global consequences

In the current context, if recovery is to strengthen and generate the high-quality jobs that

of competitiveness indicators for 144 economies. The data used in the Report are obtained from leading international sources as well as from the World Economic Forum†s annual

weaknesses for each of the 144 economies featured, as well as an extensive section of data tables displaying relative rankings for more than 100 variables

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