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Armenia down 6 positions in WEF Global Competitiveness Report 2014-2015

  • by Arthur Yernjakyan

  • Wednesday, September 3, 13:35

Armenia was down 6 positions (from 79 to 85) in the WEF Global Competitiveness Report 2014-2015.

 

The Global Competitiveness Report 2014 - 2015 assesses the competitiveness landscape of 144 economies, providing insight into the drivers of their productivity and prosperity. The Report series remains the most comprehensive assessment of national competitiveness worldwide.

 

According to the report, the country has weak scores in such pillars as postal infrastructures (134 place).  The country has no access to the sea or ports. A very low share of export in GDP (127), the foreign market size (216), talent development (123), and innovation (121).

 

The Global Competitiveness Report 's competitiveness ranking is based on the Global Competitiveness Index (GCI), which was introduced by the World Economic Forum in 2004. Defining competitiveness as the set of institutions, policies and factors that determine the level of productivity of a country , GCI scores are calculated by drawing together country-level data covering 12 categories - the pillars of competitiveness - that collectively make up a comprehensive picture of a country's competitiveness. The 12 pillars are:  institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation.

 

The GCR 2013-2014 assessed the competitiveness landscape of 148 countries.

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