SAN JOSE, COSTA RICA – September 7th, 2012 -
The Global Competitiveness Report by the World Economic Forum placed Costa Rica in the 57th spot, up a few spots from the last study where the country ranked 61st.
The United States scored 7th, Hong Kong, 9th, and Japan earned the number 10 spot.
According to the report, Costa Rica must resolve the bad shape if its roads, bridges, and general transportation infrastructure, which the report describes as poor.
Other weak areas, according to the report, is the availability of commercial financing and the processes required to start a new business in the country.
In reaching their conclusions, the Economic Forum analyzed the potential for growth and prosperity of each country. In Costa Rica’s case, it was recognized for its improvements in macro economic conditions, as it decreased the internal shortage of money and lowered its level of debt.
The Forum also highlighted Costa Rica’s increased use of Information Technologies and its capacity for innovation.
Switzerland tops the list
According to the competitiveness ranking, Switzerland is the leader, followed by Singapore and Finland. This is the 4th year in which Switzerland ranks first place. Countries in Europe, Germany, and the United Kingdom occupy the top 10 places.
In regards to Latin American countries , Chile occupies the 33rd spot, Brazil 48 and Mexico 53.
In Central America, Panama stands out with a ranking of 40, and the rest have less favorable spots such as Guatemala, 84th place, El Salvador, number 101, Honduras, 90, and Nicaragua, 108.