Three central Asian countries rated by Global Competitiveness Index 2017–2018
Kazakhstan ranked 57th, Tajikistan 79th and Kyrgyzstan 103rd in the Global Competitiveness Index 2017–2018. Turkmenistan and Uzbekistan have not been listed.
Switzerland was ranked first, the US second and Singapore – third.
The Netherlands, Germany, Hong Kong, Sweden, United Kingdom, Japan and Finland seal off the top ten.
The Global Competitiveness Index ranks 137 countries and is defined as the set of institutions, policies and factors that determine the level of productivity.
“The Global Competitiveness Index has been measuring the factors that drive long-term growth and prosperity for over four decades, helping policymakers identify challenges to be addressed and strengths to build on when designing the economic growth strategies for their countries. And while the notion of competitiveness and the economic environment in which economic policy and investment decisions are made have continuously evolved, the past decade has seen a buildup of significant shifts that are fundamentally transforming the context in which policy decisions to foster economic growth are made,” the official date said.
The Index assesses the factors and institutions identified by empirical and theoretical research as determining improvements in productivity, which in turn is the main determinant of long-term growth and an essential factor in economic growth and prosperity.