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  • Kazakhstan ranked 55th in Global Competitiveness Index
9 October, 2019 09:37

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.

Kazakhstan ranked 55th in Global Competitiveness Index | Strategy2050.kz

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.

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SMEs will make up at least 50% of the GDP

abour productivity will reach up to $126 000 and 3 to 6 y.o. kids will have 100% access to pre-school education in Kazakhstan.

Kazakhstan will fully satisfy its own market of POL in compliance with the new environmental standards

The share of non-primary exports in total exports will double and triple by 2040

Transition to Latin graphics will commence

95% of the population will speak Kazakh

15% of the area under cultivation will make use of water-saving technologies.

The issue of providing water for irrigation will be resolve

GDP per capita will stand at $60 000

The urban population will represent 70% of the total population in Kazakhstan