Kazakhstan ranked 55th in Global Competitiveness Index
Kazakhstan scored 62.9 points out of 100 on the 2019 Global Competitiveness Report published by the World Economic Forum, climbing up by 4 points at 59th in 2018, Strategy2050.kz informs.
According to the index, Singapore is the world’s most competitive economy in 2019 with a score of 84.8, followed by the United States, which is placed second, Hong Kong SAR (3rd). The top five also includes the Netherlands (4th) and Switzerland (5th).
Covering 141 economies, the Global Competitiveness Index measures national competitiveness - defined as the set of institutions, policies and factors that determine the level of productivity.
Following Kazakhstan’s scores by certain pillars, the country is 104th in financial system, 95th in health and innovation capacity, 35th in business dynamism, and 25th in labour market.