Monday, October 1, 2012

Global Competitiveness Ranking of Ethiopia

The World Economic Forum has just released its Global Competitiveness Report 2012-2013. It ranked 144 countries (38 in Africa). The rankings are based on the following 12 pillars of competitiveness: institutions, infrastructure, macro economic environment, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation.

Ethiopia was the only country ranked in the Horn of Africa. Its global position was 121 out of 144. The following African countries in descending order ranked higher than Ethiopia: South Africa, Mauritius, Rwanda, Morocco, Seychelles, Botswana, Namibia, Gambia, Gabon, Zambia, Ghana, Kenya, Egypt, Algeria, Liberia, Cameroon, Libya, Nigeria, Senegal, Benin and Tanzania. The following African countries ranked lower than Ethiopia in descending order: Cape Verde, Uganda, Mali, Malawi, Madagascar, Cote d'Ivoire, Zimbabwe, Burkina Faso, Mauritania, Swaziland, Lesotho, Mozambique, Chad, Guinea, Sierra Leone and Burundi.

In 2011-2012, Ethiopia ranked 106 out of 142 countries and in 2010-2011 it ranked 119 out of 139 countries. Ethiopia's most problematic factors for doing business were access to financing, corruption, inefficient government bureaucracy and inflation.

Click here to access the Global Competitiveness Report 2012-2013.

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