The World Economic Forum (WEF) has ranked Tajikistan 77th among 144 economies in terms of competitiveness.
The Global Competitiveness Report 2016-2017 assesses the competitiveness landscape of 144 economies, providing insight into the drivers of their productivity and prosperity.
This year, Tajikistan has risen three places from 80th to 77th among 144 nations in the Global Competitiveness rankings.
As far as other CIS nations are concerned, Azerbaijan is placed 37th, Russia 43rd, Kazakhstan 53rd, Armenia 79th, Moldova 100th, and Kyrgyzstan 111st.
Ukraine dropped 6 places — from 79th to 85th.
Turkmenistan and Uzbekistan are not covered by the Global Competitiveness Report.
The top of the rankings continues to be dominated by highly advanced Western economies and several Asian tigers. For the eighth consecutive year Switzerland leads the top 10, Singapore, the United States, Honk Kong and Finland are among the top 10.
Chad, Mauritania and Yemen are placed in the bottom-thee.
The Global Competitiveness Report 2016–2017 this year is the latest edition of the Forum’s longstanding cross-country benchmarking analysis of the factors and institutions that determine long-term growth and prosperity. Incentivizing innovation is especially important for finding new growth engines, but laying the foundations for long-term, sustainable growth requires working on all factors and institutions identified in the Global Competitiveness Index.
The Global Competitiveness Index has been used as an important tool by policymakers of many countries over the years. Since its first publication in 2005, the Index has become widely recognized as one of the key assessments of global competitiveness as defined by the World Economic Forum. The Index integrates the macroeconomic and the micro/business aspects of competitiveness into a single index.
The report assesses the ability of countries to provide high levels of prosperity to their citizens. This in turn depends on how productively a country uses available resources. Therefore, the Global Competitiveness Index measures the set of institutions, policies, and factors that set the sustainable current and medium-term levels of economic prosperity
