Azerbaijan ranking 69th in Global Competitiveness Report 2008-2009

Day.Az reports with reference to the website of the World Economic Forum that the leaders on the list are the United States, Switzerland, Denmark, Sweden, Singapore, Finland, Germany, Netherlands, Japan and Canada.

Azerbaijan took the 69th place in the 2008-2009 Global Competitiveness Report. Russia took the 51st place, Ukraine 72, Kazakhstan 66, Georgia 90 and Armenia 97. The list is concluded by Chad (134th place).

The rankings are calculated from both publicly available data and the Executive Opinion Survey, a comprehensive annual survey conducted by the World Economic Forum together with its network of Partner Institutes (leading research institutes and business organizations) in the countries covered by the report. This year, over 12,000 business leaders were polled in a record 134 global economies. The survey is designed to capture a broad range of factors affecting an economy’s business climate. The report also includes comprehensive listings of the main strengths and weaknesses of countries, making it possible to identify key priorities for policy reform.

The Global Competitiveness Report’s main competitiveness ranking is the Global Competitiveness Index (GCI), developed for the World Economic Forum by Xavier Sala-i-Martin and originally introduced in 2004. The GCI is based on 12 pillars of competitiveness, providing a comprehensive picture of the competitiveness landscape in countries around the world at all stages of development. The pillars include: Institutions, Infrastructure, Macroeconomic Stability, Health and Primary Education, Higher Education and Training, Goods Market Efficiency, Labour Market Efficiency, Financial Market Sophistication, Technological Readiness, Market Size, Business Sophistication and Innovation.

/Day.Az/