Costa Rica Improves Its Competitiveness
Ranking
Costa Rica has moved up four notches in the
Global Competitiveness Report released by
the World Economic Forum on Tuesday.
Rankings are calculated from both publicly
available data and the Executive Opinion
Survey, a comprehensive annual survey
conducted by the World Economic Forum
together with its network of Partner
Institutes (leading research institutes and
business organizations) in the countries
covered by the Report.
This year, over 13,000 business leaders were
polled in 133 economies. The survey is
designed to capture a broad range of factors
affecting an economy’s business climate. The
Report also includes comprehensive listings
of the main strengths and weaknesses of
countries, making it possible to identify
key priorities for policy reform.
Costa Rica is in 55th place of the 133
countries surveyed, outranking ranking
neighbouring Panama (63rd) and Nicaragua
(115th).
In Latin America, Chile is the highest
ranked country, followed by Costa Rica and
Brazil. The People’s Republic of China
continues to lead the way among large
developing economies, improving by one place
this year, solidifying its position among
the top 30.
Switzerland tops the overall while the
United States falls one place to second
position, with weakening in its financial
markets and macroeconomic stability.
Singapore, Sweden and Denmark round out the
top five. European economies continue to
prevail in the top 10 with Finland, Germany
and the Netherlands following suit.
The Global Competitiveness Report’s
competitiveness ranking is based on the
Global Competitiveness Index (GCI),
developed for the World Economic Forum by
Sala-i-Martin and introduced in 2004. 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.
The Report contains a detailed profile for
each of the 133 economies featured in the
study, providing a comprehensive summary of
the overall position in the rankings as well
as the most prominent competitive advantages
and disadvantages of each country/economy
based on the analysis used in computing the
rankings. Also included is an extensive
section of data tables with global rankings
for over 110 indicators.
This year’s Report also includes a number of
discussions of selected countries and
regions including the United States, the
large emerging BRIC economies and the 12
recent accession members of the European
Union, providing an in-depth analysis of the
issues affecting national competitiveness.
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