Montenegro most competitive in the region
09.09.2009
The World Economic Forum (WEF) released its Global Competitiveness Report 2009-2010 on Tuesday in which Montenegro ranked 62nd. This is three positions up comparing to last year’s report when Montenegro ranked 65th.
Montenegro’s ranking is also highest amongst the countries in the region – Croatia ranked 72nd, Macedonia 84th, Serbia 93rd, Albania 96th, and Bosnia and Herzegovina 109th.
With the competitiveness rating of 4.16, Montenegro also performed better than some EU countries – Romania, Latvia, Greece and Bulgaria.
The Global Competitiveness Report’s competitiveness ranking is based on the Global Competitiveness Index (GCI).
The GCI is based on 12 pillars of competitiveness, providing a comprehensive picture of the competitiveness landscape in countries around the world at all stages of development.
The pillars include Institutions, Infrastructure, Macroeconomic Stability, Health and Primary Education, Higher Education and Training, Goods Market Efficiency, Labour Market Efficiency, Financial Market Sophistication, Technological Readiness, Market Size, Business Sophistication, and Innovation.
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