Written by News 1st
04 Sep, 2014 | 11:39 am
Sri Lanka has dropped down eight spots to the 73rd position in the Global Competitiveness Report of 2014 to 2015.
The annual list was released on Wednesday by Geneva-based World Economic Forum (WEF).
Sri Lanka’s earlier position in the list of 2013-2014 was 65th.
Global Competitiveness Report of 2013-2014
Global Competitiveness Report of 2014 -2015
As per the Global Competitiveness Report 2014-15, Switzerland is the most competitive economy, followed by Singapore.
Other countries in the top ten are Finland (4), Germany (5), Japan (6), Hong Kong SAR (7), Netherlands (8), United Kingdom (9) and Sweden (10).
China, which has improved its position by one place to 28th spot, leads the BRICS grouping, among which India has the least ranking. Russia is ranked at 53rd position, followed by South Africa (56) and Brazil (57).
The rankings are based on WEF’s GCI which is based on scores covering 12 categories.
They are institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market development, technological readiness, market size, business sophistication and innovation.
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