Tuesday, December 11, 2018

Africa and the Global Competitiveness Index

The World Economic Forum publishes annually "The Global Competitiveness Report"; the report for 2018 is available. It evaluated 140 economies, including 38 in Africa. The index looks at 12 categories dealing with enabling environment (institutions, infrastructure, ICT adoption, and macroeconomic stability), human capital (health and skills), markets (product market, labor market, financial system, and market size), and innovation ecosystem (business dynamism and innovation capability).

The ten highest ranked countries in Africa are Mauritius (49), South Africa (67), Seychelles (74), Morocco (75), Tunisia (87), Botswana (90), Algeria (92), Kenya (93), Egypt (94), and Namibia (100). Of the 30 lowest ranked countries, 26 of them are in Africa.