The World Economic Forum (WEF) has released its Global Competitiveness Report (GCR) for 2014 - 2015 on September 3 in Geneva.
The report identifies that Azerbaijan continues to move up in the list and placed in 38th position out of 144 economies by improving one rank as compared to 2013. Azerbaijan ranks first among the CIS countries.
The report assesses overall competitiveness landscape of 144 economies, providing insight into the drivers of their productivity, innovation and prosperity.
According to the report, Azerbaijan’s competitiveness index in the ranking amounted to 4.53.
According to the previous Global Competitiveness Report for 2013-2014, Azerbaijan was placed at the 39th place among 148 economies of the world.
The report stipulates the strengths of Azerbaijan’s competitiveness in the area of macroeconomic environment, which is placed in the best position ranked at the 9th position out of 144 countries and followed by labor market efficiency ranked at the 33rd.
Switzerland tops the overall rankings in the Global Competitiveness Report for the fifth consecutive year. Singapore remains in second position, the United States in third position, and Finland ranked the 4th, while Germany, Japan, Hong Kong, The Netherlands, the United Kingdom and Sweden are in TOP 10.