Mozambique falls four places in global competitiveness index

Login

Register

http://www.clubofmozambique.com/

Mozambique falls four places in global competitiveness index

3:15 CAT | 18 Oct 2019

Mozambique is ranked the fifth lest competitive country as it was ranked 137th out of 141 countries by the by the GCI, .

Mozambique has ranked 137th in this year’s global competitiveness ranking (GCI), down from 133rd in 2018. Singapore is the best ranked, relegating the United States of America to second position. [To read and /or download the Global Competitiveness Report 2019 (PDF) click HERE]

Singapore is the most competitive economy in the world. Chad is the worst and Mozambique is only 137 out of 141 countries analysed by the World Economic Forum (WEF) in the 2019 edition.

Singapore scored 84.8 points out of a possible 100, relegating the United States of America to second position with 83.7 points. Hong Kong closes the podium of the world’s most competitive economies with 83.1 points.

With 38.1 points, Mozambique lost four positions from the previous ranking, one position below “sister” Angola which, with the same number of points, rose to position 136.

At sub-Saharan African level, Mauritius leads with 64.3 points (52nd position in the world ranking), followed by South Africa with 62.4 points (60th position) and Seychelles with 59.6 points (76th place).

Among the Lusophone countries, Portugal is the best-ranked with 70.4 points (34th position), followed by Brazil (71st) with 60.9 points. Mozambique is the least competitive of the Portuguese-speaking African Countries.

The WEF points out in this year’s analysis that a decade after a major global financial crisis, the world economy remains in a cycle of low productivity despite central banks pumping more than $ 10 billion into the world economy.

What’s more, the 2019 results point to an average score of 60.7 points across the 141 economies analysed, meaning that the average shortfall from optimal productivity is almost 40 points.

The GCI is an internationally respected index which assesses the competitiveness of economies and market performance in a very detailed manner. It is part of the Global Competitiveness Report (GCR), published annually by the World Economic Forum since 1979.

At present, the Global Competitiveness Report has 12 pillars divided into four blocks and a total of 98 indicators derived from a combination of concrete parameters and results of an executive survey by the World Economic Forum.

By Edson Arante

Source: O País