Tajikistan has dropped two places to 79th in this year’s edition of the Global Competitive Index (GCI) released by the World Economic Forum (WEF) this week.
The classification includes analysis of 137 countries over a variety of indicators. The GCI tracks the performance of countries using 12 pillars of competitiveness in areas such as macroeconomic environment, goods market efficiency and health and primary education. These pillars are then grouped into 3 sub-indexes (basic requirements, efficiency enhancers and innovation and sophistication) which are given a different weighting in the overall score depending on the individual state of the country’s economy.
According to The Global Competitiveness Report 2017–2018, the ten most problematic factors for doing business in Tajikistan are: foreign currency regulations — 21.4; inflation — 17.9; tax rates — 15.7; access to financing — 14.4; tax regulations — 11.1; poor public health — 5.2; corruption — 3.6; inadequately educated workforce — 2.9; inadequate supply of infrastructure –2.1; and insufficient capacity to innovate — 1.7.
Azerbaijan tops the CIS nations in terms of the global competitive index. It has been ranked 35th among 137 nations.
Russia has been ranked 38th, Kazakhstan – 57th, Armenia – 73rd, Ukraine – 81st, and Kyrgyzstan – 102nd.
Meanwhile, the world's 10 most competitive economies include Switzerland, the United States, Singapore, the Netherlands, Germany, Hong Kong SAR, Sweden, the United Kingdom, Japan, and Finland.
Switzerland tops the overall ranking for the sixth year in a row, scoring highly on nearly every pillar of competitiveness.
Chad, Mozambique and Yemen and Chad are at the bottom of the scoreboard.
The Global Competitiveness Report (GCR) is a yearly report published by the World Economic Forum. Since 2004, the Global Competitiveness Report ranks countries based on the Global Competitiveness 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.
