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The Global Competitiveness Report 2014–2015 | 13 
1.1: The Global Competitiveness Index 2014–2015 
GCI 2014–2015 
Country/Economy 
Rank 
(out of 144) 
Score 
(1–7) 
Rank among 
2013–2014 
economies* 
GCI 2013– 
2014 rank 
(out of 148)† 
Switzerland 1 5.70 1 1 
Singapore 2 5.65 2 2 
United States 3 5.54 3 5 
Finland 4 5.50 4 3 
Germany 5 5.49 5 4 
Japan 6 5.47 6 9 
Hong Kong SAR 7 5.46 7 7 
Netherlands 8 5.45 8 8 
United Kingdom 9 5.41 9 10 
Sweden 10 5.4110 6 
Norway 11 5.351111 
United Arab Emirates 12 5.331219 
Denmark 13 5.291315 
Taiwan, China 14 5.251412 
Canada 15 5.241514 
Qatar 16 5.241613 
New Zealand 17 5.201718 
Belgium 18 5.181817 
Luxembourg 19 5.171922 
Malaysia 20 5.162024 
Austria 21 5.162116 
Australia 22 5.082221 
France 23 5.082323 
Saudi Arabia 24 5.062420 
Ireland 25 4.982528 
Korea, Rep. 26 4.962625 
Israel 27 4.952727 
China 28 4.892829 
Estonia 29 4.712932 
Iceland 30 4.713031 
Thailand 31 4.663137 
Puerto Rico 32 4.643230 
Chile 33 4.603334 
Indonesia 34 4.573438 
Spain 35 4.553535 
Portugal 36 4.543651 
Czech Republic 37 4.533746 
Azerbaijan 38 4.533839 
Mauritius 39 4.523945 
Kuwait 40 4.514036 
Lithuania 41 4.514148 
Latvia 42 4.504252 
Poland 43 4.484342 
Bahrain 44 4.484443 
Turkey 45 4.464544 
Oman 46 4.464633 
Malta 47 4.454741 
Panama 48 4.434840 
Italy 49 4.424949 
Kazakhstan 50 4.425050 
Costa Rica 51 4.425154 
Philippines 52 4.405259 
Russian Federation 53 4.375364 
Bulgaria 54 4.375457 
Barbados 55 4.365547 
South Africa 56 4.355653 
Brazil 57 4.345756 
Cyprus 58 4.315858 
Romania 59 4.305976 
Hungary 60 4.286063 
Mexico 61 4.276155 
Rwanda 62 4.276266 
Macedonia, FYR 63 4.266373 
Jordan 64 4.256468 
Peru 65 4.246561 
Colombia 66 4.236669 
Montenegro 67 4.236767 
Vietnam 68 4.236870 
Georgia 69 4.226972 
Slovenia 70 4.227062 
India 71 4.217160 
Morocco 72 4.217277 
Table 3: The Global Competitiveness Index 2014–2015 rankings and 2013–2014 comparisons 
GCI 2014–2015 
Country/Economy 
Rank 
(out of 144) 
Score 
(1–7) 
Rank among 
2013–2014 
economies* 
GCI 2013– 
2014 rank 
(out of 148)† 
Sri Lanka 73 4.197365 
Botswana 74 4.157474 
Slovak Republic 75 4.157578 
Ukraine 76 4.147684 
Croatia 77 4.137775 
Guatemala 78 4.107886 
Algeria 79 4.0879100 
Uruguay 80 4.048085 
Greece 81 4.048191 
Moldova 82 4.038289 
Iran, Islamic Rep. 83 4.038382 
El Salvador 84 4.018497 
Armenia 85 4.018579 
Jamaica 86 3.988694 
Tunisia 87 3.968783 
Namibia 88 3.968890 
Trinidad and Tobago 89 3.958992 
Kenya 90 3.939096 
Tajikistan 91 3.93n/an/a 
Seychelles 92 3.919180 
Lao PDR 93 3.919281 
Serbia 94 3.9093101 
Cambodia 95 3.899488 
Zambia 96 3.869593 
Albania 97 3.849695 
Mongolia 98 3.8397107 
Nicaragua 99 3.829899 
Honduras 100 3.8299111 
Dominican Republic 101 3.82100105 
Nepal 102 3.81101117 
Bhutan 103 3.80102109 
Argentina 104 3.79103104 
Bolivia 105 3.7710498 
Gabon 106 3.74105112 
Lesotho 107 3.73106123 
Kyrgyz Republic 108 3.73107121 
Bangladesh 109 3.72108110 
Suriname 110 3.71109106 
Ghana 111 3.71110114 
Senegal 112 3.70111113 
Lebanon 113 3.68112103 
Cape Verde 114 3.68113122 
Côte d'Ivoire 115 3.67114126 
Cameroon 116 3.66115115 
Guyana 117 3.65116102 
Ethiopia 118 3.60117127 
Egypt 119 3.60118118 
Paraguay 120 3.59119119 
Tanzania 121 3.57120125 
Uganda 122 3.56121129 
Swaziland 123 3.55122124 
Zimbabwe 124 3.54123131 
Gambia, The 125 3.53124116 
Libya 126 3.48125108 
Nigeria 127 3.44126120 
Mali 128 3.43127135 
Pakistan 129 3.42128133 
Madagascar 130 3.41129132 
Venezuela 131 3.32130134 
Malawi 132 3.25131136 
Mozambique 133 3.24132137 
Myanmar 134 3.24133139 
Burkina Faso 135 3.21134140 
Timor-Leste 136 3.17135138 
Haiti 137 3.14136143 
Sierra Leone 138 3.10137144 
Burundi 139 3.09138146 
Angola 140 3.04139142 
Mauritania 141 3.00140141 
Yemen 142 2.96141145 
Chad 143 2.85142148 
Guinea 144 2.79143147 
* This column ranks all those economies for 2014–2015 that have been covered both in the 2013–2014 and 2014–2015 editions, hence a constant sample of 143 economies. Tajikistan was not 
included in the analysis last year, and therefore appears as n/a. 
† The 2013–2014 edition of the Global Competitiveness Report covered 148 economies. 
© 2014 World Economic Forum
1.1: The Global Competitiveness Index 2014–2015 
14 | The Global Competitiveness Report 2014–2015 
SUBINDEX 
OVERALL INDEX Basic requirements Efficiency enhancers Innovation and sophistication factors 
Country/Economy Rank Score Rank Score Rank Score Rank Score 
Switzerland 1 5.70 4 6.17 5 5.49 1 5.74 
Singapore 2 5.65 1 6.34 2 5.68 11 5.13 
United States 3 5.54 33 5.15 1 5.71 5 5.54 
Finland 4 5.50 8 5.97 10 5.27 3 5.57 
Germany 5 5.49 11 5.91 9 5.28 4 5.56 
Japan 6 5.47 25 5.47 7 5.35 2 5.68 
Hong Kong SAR 7 5.46 3 6.19 3 5.58 23 4.75 
Netherlands 8 5.45 10 5.95 8 5.28 6 5.41 
United Kingdom 9 5.41 24 5.49 4 5.51 8 5.21 
Sweden 10 5.41 12 5.86 12 5.25 7 5.38 
Norway 11 5.35 6 6.05 13 5.24 16 5.08 
United Arab Emirates 12 5.33 2 6.20 14 5.24 21 4.83 
Denmark 13 5.29 13 5.85 17 5.11 9 5.19 
Taiwan, China 14 5.25 14 5.75 16 5.14 13 5.11 
Canada 15 5.24 18 5.70 6 5.37 24 4.72 
Qatar 16 5.24 5 6.12 20 4.98 15 5.09 
New Zealand 17 5.20 9 5.96 11 5.26 25 4.61 
Belgium 18 5.18 22 5.53 18 5.07 12 5.11 
Luxembourg 19 5.17 7 6.02 22 4.97 18 4.93 
Malaysia 20 5.16 23 5.53 24 4.95 17 4.95 
Austria 21 5.16 16 5.71 23 4.96 14 5.11 
Australia 22 5.08 17 5.71 15 5.16 26 4.55 
France 23 5.08 26 5.42 19 5.07 19 4.86 
Saudi Arabia 24 5.06 15 5.72 33 4.64 32 4.19 
Ireland 25 4.98 31 5.19 21 4.97 20 4.85 
Korea, Rep. 26 4.96 20 5.55 25 4.83 22 4.78 
Israel 27 4.95 36 5.12 26 4.75 10 5.16 
China 28 4.89 28 5.34 30 4.68 33 4.14 
Estonia 29 4.71 21 5.54 27 4.73 34 4.14 
Iceland 30 4.71 27 5.39 35 4.60 28 4.43 
Thailand 31 4.66 40 5.01 39 4.53 54 3.84 
Puerto Rico 32 4.64 68 4.62 28 4.72 27 4.52 
Chile 33 4.60 30 5.25 29 4.68 49 3.88 
Indonesia 34 4.57 46 4.91 46 4.38 30 4.20 
Spain 35 4.55 42 4.98 31 4.67 39 4.06 
Portugal 36 4.54 41 5.00 37 4.57 31 4.19 
Czech Republic 37 4.53 39 5.02 34 4.62 36 4.07 
Azerbaijan 38 4.53 45 4.93 71 4.08 72 3.59 
Mauritius 39 4.52 38 5.04 59 4.24 53 3.85 
Kuwait 40 4.51 32 5.16 83 3.89 95 3.38 
Lithuania 41 4.51 37 5.08 38 4.54 44 3.97 
Latvia 42 4.50 34 5.14 36 4.60 61 3.68 
Poland 43 4.48 55 4.80 32 4.64 63 3.66 
Bahrain 44 4.48 29 5.31 40 4.51 55 3.83 
Turkey 45 4.46 56 4.76 45 4.43 51 3.86 
Oman 46 4.46 19 5.66 49 4.32 58 3.76 
Malta 47 4.45 35 5.13 44 4.43 41 4.03 
Panama 48 4.43 53 4.82 55 4.29 46 3.95 
Italy 49 4.42 54 4.82 47 4.35 29 4.26 
Kazakhstan 50 4.42 51 4.85 48 4.33 89 3.45 
Costa Rica 51 4.42 62 4.70 56 4.28 35 4.13 
Philippines 52 4.40 66 4.63 58 4.27 48 3.90 
Russian Federation 53 4.37 44 4.94 41 4.49 75 3.54 
Bulgaria 54 4.37 59 4.71 52 4.31 106 3.27 
Barbados 55 4.36 43 4.96 54 4.30 47 3.92 
South Africa 56 4.35 89 4.30 43 4.45 37 4.07 
Brazil 57 4.34 83 4.40 42 4.46 56 3.82 
Cyprus 58 4.31 58 4.73 57 4.28 38 4.06 
Romania 59 4.30 77 4.48 50 4.32 78 3.53 
Hungary 60 4.28 60 4.71 53 4.30 67 3.62 
Mexico 61 4.27 69 4.59 60 4.20 59 3.73 
Rwanda 62 4.27 67 4.62 91 3.77 66 3.64 
Macedonia, FYR 63 4.26 64 4.64 69 4.09 76 3.53 
Jordan 64 4.25 73 4.53 70 4.08 42 4.02 
Peru 65 4.24 74 4.52 62 4.19 99 3.34 
Colombia 66 4.23 78 4.45 63 4.17 64 3.65 
Montenegro 67 4.23 61 4.71 73 3.99 77 3.53 
Vietnam 68 4.23 79 4.44 74 3.99 98 3.35 
Georgia 69 4.22 48 4.88 79 3.92 118 3.10 
Slovenia 70 4.22 49 4.86 64 4.17 50 3.88 
India 71 4.21 92 4.25 61 4.19 52 3.86 
Morocco 72 4.21 57 4.74 78 3.92 82 3.50 
Table 4: The Global Competitiveness Index 2014–2015 
(Cont’d.) 
© 2014 World Economic Forum
The Global Competitiveness Report 2014–2015 | 15 
1.1: The Global Competitiveness Index 2014–2015 
Table 4: The Global Competitiveness Index 2014–2015 (cont’d.) 
SUBINDEX 
OVERALL INDEX Basic requirements Efficiency enhancers Innovation and sophistication factors 
Country/Economy Rank Score Rank Score Rank Score Rank Score 
Sri Lanka 73 4.19 75 4.51 75 3.97 43 4.00 
Botswana 74 4.15 72 4.53 84 3.87 110 3.22 
Slovak Republic 75 4.15 70 4.58 51 4.31 73 3.59 
Ukraine 76 4.14 87 4.36 67 4.11 92 3.41 
Croatia 77 4.13 63 4.66 68 4.11 87 3.47 
Guatemala 78 4.10 84 4.39 76 3.95 62 3.68 
Algeria 79 4.08 65 4.64 125 3.34 133 2.91 
Uruguay 80 4.04 47 4.90 72 4.01 85 3.47 
Greece 81 4.04 76 4.50 65 4.15 74 3.55 
Moldova 82 4.03 90 4.30 88 3.82 129 2.94 
Iran, Islamic Rep. 83 4.03 71 4.57 98 3.70 102 3.33 
El Salvador 84 4.01 80 4.41 96 3.71 45 3.96 
Armenia 85 4.01 82 4.40 87 3.82 100 3.34 
Jamaica 86 3.98 99 4.11 77 3.95 71 3.60 
Tunisia 87 3.96 85 4.38 94 3.74 93 3.40 
Namibia 88 3.96 81 4.40 97 3.71 91 3.41 
Trinidad and Tobago 89 3.95 52 4.83 81 3.90 88 3.47 
Kenya 90 3.93 115 3.82 66 4.12 40 4.03 
Tajikistan 91 3.93 94 4.20 111 3.53 81 3.50 
Seychelles 92 3.91 50 4.85 105 3.58 69 3.62 
Lao PDR 93 3.91 98 4.13 107 3.58 80 3.51 
Serbia 94 3.90 101 4.10 80 3.90 121 3.05 
Cambodia 95 3.89 103 4.09 100 3.65 116 3.15 
Zambia 96 3.86 109 3.88 86 3.85 57 3.76 
Albania 97 3.84 97 4.14 95 3.72 114 3.17 
Mongolia 98 3.83 105 3.99 92 3.76 112 3.20 
Nicaragua 99 3.82 96 4.15 118 3.38 125 2.98 
Honduras 100 3.82 107 3.97 99 3.65 70 3.61 
Dominican Republic 101 3.82 106 3.98 90 3.77 90 3.44 
Nepal 102 3.81 100 4.11 115 3.43 124 2.98 
Bhutan 103 3.80 88 4.33 123 3.35 111 3.22 
Argentina 104 3.79 104 4.08 93 3.75 96 3.37 
Bolivia 105 3.77 93 4.21 116 3.40 94 3.38 
Gabon 106 3.74 95 4.15 119 3.37 131 2.93 
Lesotho 107 3.73 102 4.09 130 3.21 117 3.12 
Kyrgyz Republic 108 3.73 110 3.87 104 3.59 126 2.96 
Bangladesh 109 3.72 113 3.84 103 3.60 122 3.02 
Suriname 110 3.71 86 4.36 121 3.35 123 3.00 
Ghana 111 3.71 123 3.68 89 3.78 68 3.62 
Senegal 112 3.70 120 3.75 102 3.62 65 3.65 
Lebanon 113 3.68 127 3.55 85 3.86 101 3.33 
Cape Verde 114 3.68 91 4.27 127 3.29 109 3.23 
Côte d'Ivoire 115 3.67 119 3.75 108 3.58 86 3.47 
Cameroon 116 3.66 116 3.79 113 3.48 84 3.47 
Guyana 117 3.65 118 3.76 109 3.55 60 3.69 
Ethiopia 118 3.60 117 3.78 120 3.37 119 3.09 
Egypt 119 3.60 121 3.73 106 3.58 113 3.18 
Paraguay 120 3.59 112 3.85 112 3.53 132 2.92 
Tanzania 121 3.57 124 3.67 114 3.43 107 3.26 
Uganda 122 3.56 126 3.59 110 3.53 104 3.30 
Swaziland 123 3.55 108 3.92 126 3.32 108 3.25 
Zimbabwe 124 3.54 114 3.83 133 3.12 127 2.95 
Gambia, The 125 3.53 125 3.60 117 3.40 79 3.52 
Libya 126 3.48 111 3.86 137 3.03 143 2.49 
Nigeria 127 3.44 140 3.18 82 3.89 103 3.30 
Mali 128 3.43 128 3.54 129 3.25 97 3.36 
Pakistan 129 3.42 134 3.28 101 3.64 83 3.48 
Madagascar 130 3.41 129 3.52 128 3.25 105 3.27 
Venezuela 131 3.32 131 3.36 124 3.35 135 2.71 
Malawi 132 3.25 139 3.20 122 3.35 115 3.17 
Mozambique 133 3.24 133 3.29 131 3.19 120 3.05 
Myanmar 134 3.24 132 3.36 134 3.11 139 2.62 
Burkina Faso 135 3.21 135 3.25 132 3.16 128 2.95 
Timor-Leste 136 3.17 122 3.71 141 2.84 136 2.69 
Haiti 137 3.14 136 3.23 135 3.08 140 2.61 
Sierra Leone 138 3.10 141 3.14 136 3.06 130 2.93 
Burundi 139 3.09 130 3.40 144 2.62 137 2.68 
Angola 140 3.04 137 3.21 140 2.84 144 2.36 
Mauritania 141 3.00 138 3.21 143 2.69 138 2.63 
Yemen 142 2.96 142 3.03 139 2.86 134 2.77 
Chad 143 2.85 143 2.93 142 2.74 141 2.55 
Guinea 144 2.79 144 2.76 138 2.88 142 2.55 
Note: Ranks out of 144 economies and scores measured on a 1-to-7 scale. 
© 2014 World Economic Forum
1.1: The Global Competitiveness Index 2014–2015 
16 | The Global Competitiveness Report 2014–2015 
Table 5: The Global Competitiveness Index 2014–2015: Basic requirements 
PILLAR 
BASIC REQUIREMENTS 1. Institutions 2. Infrastructure3. Macroeconomic environment4. Health and primary education 
Country/Economy Rank ScoreRankScoreRankScoreRankScoreRankScore 
Albania 97 4.141033.38 90 3.521223.82 62 5.85 
Algeria 65 4.641013.411063.12 11 6.41 81 5.61 
Angola 137 3.211432.611392.01 71 4.701363.54 
Argentina 104 4.081372.79 89 3.541024.22 67 5.78 
Armenia 82 4.40 72 3.82 78 3.83 77 4.62 99 5.33 
Australia 17 5.71 19 5.14 20 5.60 30 5.61 17 6.46 
Austria 16 5.71 22 5.09 13 5.80 33 5.51 19 6.44 
Azerbaijan 45 4.93 60 3.96 70 4.12 9 6.411045.24 
Bahrain 29 5.31 29 4.70 31 5.19 47 5.19 40 6.16 
Bangladesh 113 3.841312.961272.45 72 4.691025.29 
Barbados 43 4.96 33 4.64 28 5.321323.42 16 6.47 
Belgium 22 5.53 23 5.08 18 5.61 70 4.70 2 6.75 
Bhutan 88 4.33 38 4.47 92 3.491193.90 89 5.47 
Bolivia 93 4.21 90 3.531093.00 35 5.471094.85 
Botswana 72 4.53 39 4.471013.19 13 6.301274.14 
Brazil 83 4.40 94 3.47 76 3.98 85 4.49 77 5.65 
Bulgaria 59 4.711123.32 74 4.06 36 5.45 51 6.03 
Burkina Faso 135 3.251173.281412.01 83 4.551413.18 
Burundi 130 3.401322.921402.011124.021144.64 
Cambodia 103 4.091193.251073.05 80 4.60 91 5.44 
Cameroon 116 3.79 91 3.531262.47 90 4.451124.70 
Canada 18 5.70 14 5.43 15 5.74 51 5.06 7 6.58 
Cape Verde 91 4.27 66 3.891043.141064.11 57 5.96 
Chad 143 2.931402.661441.67 73 4.681442.72 
Chile 30 5.25 28 4.82 49 4.56 22 5.88 70 5.75 
China 28 5.34 47 4.22 46 4.66 10 6.41 46 6.08 
Colombia 78 4.451113.32 84 3.66 29 5.651055.19 
Costa Rica 62 4.70 46 4.26 73 4.08 93 4.40 48 6.06 
Côte d'Ivoire 119 3.75 86 3.64 93 3.41 68 4.701403.25 
Croatia 63 4.66 87 3.59 44 4.72 91 4.44 60 5.91 
Cyprus 58 4.73 42 4.39 45 4.701343.32 9 6.53 
Czech Republic 39 5.02 76 3.77 41 4.75 40 5.37 37 6.20 
Denmark 13 5.85 16 5.35 21 5.59 16 6.11 25 6.37 
Dominican Republic 106 3.981163.29 98 3.26 94 4.391074.98 
Egypt 121 3.731003.411003.201412.96 97 5.37 
El Salvador 80 4.41 99 3.44 57 4.341004.23 80 5.61 
Estonia 21 5.54 26 4.96 38 4.85 20 6.00 26 6.33 
Ethiopia 117 3.78 96 3.461252.49 95 4.361104.82 
Finland 8 5.97 2 6.08 19 5.60 43 5.32 1 6.89 
France 26 5.42 32 4.68 8 6.03 82 4.55 18 6.44 
Gabon 95 4.15 79 3.72 1142.86 18 6.031304.01 
Gambia, The 125 3.60 44 4.29 95 3.271422.961333.88 
Georgia 48 4.88 48 4.21 59 4.31 48 5.14 63 5.84 
Germany 11 5.91 17 5.23 7 6.09 24 5.83 14 6.48 
Ghana 123 3.68 69 3.851083.031333.381214.46 
Greece 76 4.50 85 3.64 36 4.881353.31 41 6.15 
Guatemala 84 4.391093.34 67 4.17 64 4.741005.30 
Guinea 144 2.761342.811431.781383.201393.25 
Guyana 118 3.76 89 3.541102.941183.911134.66 
Haiti 136 3.231352.811382.031203.871264.20 
Honduras 107 3.971053.371023.181233.82 85 5.52 
Hong Kong SAR 3 6.19 8 5.63 1 6.69 14 6.17 32 6.28 
Hungary 60 4.71 83 3.67 50 4.56 61 4.78 64 5.84 
Iceland 27 5.39 21 5.11 23 5.54 92 4.41 10 6.52 
India 92 4.25 70 3.84 87 3.581014.22 98 5.35 
Indonesia 46 4.91 53 4.11 56 4.37 34 5.48 74 5.67 
Iran, Islamic Rep. 71 4.571083.36 69 4.15 62 4.77 52 6.00 
Ireland 31 5.19 15 5.40 27 5.321303.49 8 6.54 
Israel 36 5.12 43 4.32 34 4.99 50 5.07 44 6.10 
Italy 54 4.821063.37 26 5.431084.09 22 6.40 
Jamaica 99 4.11 80 3.71 80 3.751363.29 72 5.69 
Japan 25 5.47 11 5.47 6 6.131273.64 6 6.62 
Jordan 73 4.53 37 4.48 71 4.111313.45 47 6.07 
Kazakhstan 51 4.85 57 4.02 62 4.25 27 5.74 96 5.37 
Kenya 115 3.82 78 3.73 96 3.271263.731204.55 
Korea, Rep. 20 5.55 82 3.70 14 5.74 7 6.44 27 6.31 
Kuwait 32 5.16 55 4.02 61 4.28 3 6.73 82 5.59 
Kyrgyz Republic 110 3.871243.211152.801044.161015.29 
Lao PDR 98 4.13 63 3.92 94 3.381243.78 90 5.44 
Latvia 34 5.14 51 4.13 47 4.61 32 5.52 31 6.28 
Lebanon 127 3.551392.711222.621432.56 30 6.29 
Lesotho 102 4.09 68 3.861162.77 28 5.691284.03 
(Cont’d.) 
© 2014 World Economic Forum
The Global Competitiveness Report 2014–2015 | 17 
1.1: The Global Competitiveness Index 2014–2015 
Table 5: The Global Competitiveness Index 2014–2015: Basic requirements (cont’d.) 
PILLAR 
BASIC REQUIREMENTS 1. Institutions 2. Infrastructure3. Macroeconomic environment4. Health and primary education 
Country/Economy Rank ScoreRankScoreRankScoreRankScoreRankScore 
Libya 111 3.861422.621132.88 41 5.361194.55 
Lithuania 37 5.08 58 4.01 43 4.73 42 5.35 35 6.24 
Luxembourg 7 6.02 6 5.69 16 5.73 8 6.43 36 6.21 
Macedonia, FYR 64 4.64 45 4.26 82 3.73 55 4.93 78 5.64 
Madagascar 129 3.521283.131352.10 81 4.601254.26 
Malawi 139 3.20 77 3.741312.211442.421234.42 
Malaysia 23 5.53 20 5.11 25 5.46 44 5.26 33 6.28 
Mali 128 3.541263.181033.15 86 4.481383.33 
Malta 35 5.13 40 4.46 37 4.88 65 4.73 20 6.43 
Mauritania 138 3.211382.761232.591154.001373.48 
Mauritius 38 5.04 35 4.60 42 4.74 74 4.66 42 6.14 
Mexico 69 4.591023.40 65 4.19 53 5.04 71 5.73 
Moldova 90 4.301213.22 83 3.68 56 4.91 93 5.40 
Mongolia 105 3.99 98 3.441122.921253.77 65 5.81 
Montenegro 61 4.71 59 3.96 72 4.10 88 4.46 29 6.31 
Morocco 57 4.74 49 4.21 55 4.38 66 4.72 76 5.66 
Mozambique 133 3.291273.161282.361104.061353.58 
Myanmar 132 3.361362.801372.051164.001174.59 
Namibia 81 4.40 50 4.19 66 4.17 78 4.621154.63 
Nepal 100 4.111203.221322.15 37 5.40 75 5.66 
Netherlands 10 5.95 10 5.53 4 6.25 39 5.38 5 6.64 
New Zealand 9 5.96 1 6.09 29 5.30 25 5.79 4 6.66 
Nicaragua 96 4.151143.31 99 3.20 67 4.71 95 5.37 
Nigeria 140 3.181293.011342.13 76 4.621432.97 
Norway 6 6.05 5 5.74 32 5.16 1 6.83 15 6.47 
Oman 19 5.66 24 5.06 33 5.01 6 6.56 54 5.99 
Pakistan 134 3.281233.211192.661373.241294.02 
Panama 53 4.82 71 3.83 40 4.77 52 5.05 79 5.63 
Paraguay 112 3.851332.901172.70 54 5.011114.76 
Peru 74 4.521183.26 88 3.54 21 5.89 94 5.39 
Philippines 66 4.63 67 3.86 91 3.49 26 5.76 92 5.41 
Poland 55 4.80 56 4.02 63 4.24 63 4.77 39 6.17 
Portugal 41 5.00 41 4.43 17 5.661283.52 24 6.39 
Puerto Rico 68 4.62 34 4.62 58 4.34 99 4.241035.27 
Qatar 5 6.12 4 5.90 24 5.51 2 6.74 28 6.31 
Romania 77 4.48 88 3.56 85 3.65 46 5.20 88 5.51 
Russian Federation 44 4.94 97 3.45 39 4.82 31 5.54 56 5.97 
Rwanda 67 4.62 18 5.211053.14 79 4.62 86 5.52 
Saudi Arabia 15 5.72 25 4.97 30 5.19 4 6.67 50 6.03 
Seychelles 50 4.85 54 4.04 53 4.50 57 4.89 55 5.98 
Senegal 120 3.75 74 3.811112.93 97 4.291313.96 
Serbia 101 4.101223.21 77 3.931293.51 68 5.76 
Sierra Leone 141 3.141073.371362.071173.941423.18 
Singapore 1 6.34 3 5.98 2 6.54 15 6.13 3 6.73 
Slovak Republic 70 4.581103.33 64 4.21 45 5.23 84 5.55 
Slovenia 49 4.86 75 3.81 35 4.88 98 4.27 12 6.50 
South Africa 89 4.30 36 4.50 60 4.29 89 4.451323.96 
Spain 42 4.98 73 3.82 9 6.011213.83 34 6.25 
Sri Lanka 75 4.51 62 3.93 75 4.021144.01 45 6.09 
Suriname 86 4.361043.37 86 3.61 59 4.80 73 5.67 
Swaziland 108 3.92 61 3.94 97 3.26 60 4.791343.69 
Sweden 12 5.86 13 5.43 22 5.55 17 6.06 23 6.39 
Switzerland 4 6.17 9 5.60 5 6.18 12 6.40 11 6.52 
Taiwan, China 14 5.75 27 4.84 11 5.82 23 5.83 13 6.49 
Tajikistan 94 4.20 65 3.901202.65 69 4.70 83 5.56 
Tanzania 124 3.67 93 3.491302.261094.061084.86 
Thailand 40 5.01 84 3.66 48 4.58 19 6.01 66 5.80 
Timor-Leste 122 3.711253.211332.14 49 5.121244.38 
Trinidad and Tobago 52 4.83 95 3.46 52 4.51 38 5.39 59 5.94 
Tunisia 85 4.38 81 3.70 79 3.801114.03 53 6.00 
Turkey 56 4.76 64 3.90 51 4.55 58 4.83 69 5.75 
Uganda 126 3.591153.291292.28 96 4.361224.45 
Ukraine 87 4.361302.98 68 4.161054.14 43 6.14 
United Arab Emirates 2 6.20 7 5.69 3 6.30 5 6.63 38 6.17 
United Kingdom 24 5.49 12 5.44 10 6.011074.10 21 6.43 
United States 33 5.15 30 4.69 12 5.821134.01 49 6.06 
Uruguay 47 4.90 31 4.68 54 4.47 84 4.52 58 5.94 
Venezuela 131 3.361442.151212.651393.13 87 5.51 
Vietnam 79 4.44 92 3.51 81 3.74 75 4.66 61 5.86 
Yemen 142 3.031412.651421.901402.981164.59 
Zambia 109 3.88 52 4.121182.671034.161184.56 
Zimbabwe 114 3.83 1133.311242.54 87 4.481064.99 
Note: Ranks out of 144 economies and scores measured on a 1-to-7 scale. 
© 2014 World Economic Forum
1.1: The Global Competitiveness Index 2014–2015 
18 | The Global Competitiveness Report 2014–2015 
Table 6: The Global Competitiveness Index 2014–2015: Efficiency enhancers 
PILLAR 
EFFICIENCY 
ENHANCERS 
5. Higher education 
and training 
6. Goods market 
efficiency 
7. Labor market 
efficiency 
8. Financial market 
development 
9. Technological 
readiness 10. Market size 
Country/Economy Rank ScoreRankScoreRankScoreRankScoreRankScoreRankScoreRankScore 
Albania 95 3.72604.53934.15934.021143.39913.301052.94 
Algeria 125 3.34983.691363.481393.151372.721292.59474.39 
Angola 140 2.841441.941432.921283.521402.501402.34653.84 
Argentina 93 3.75454.831413.141432.971293.04823.54244.97 
Armenia 87 3.82754.20644.37744.20973.71713.721182.75 
Australia 15 5.16115.67294.76564.3065.41195.64185.14 
Austria 23 4.96155.56224.96434.45434.45185.74374.61 
Azerbaijan 71 4.08903.90724.31334.59893.77564.26723.66 
Bahrain 40 4.51554.66214.98264.67314.65345.01993.08 
Bangladesh 103 3.601252.86844.201243.67883.771262.66444.46 
Barbados 54 4.30305.22744.28314.60324.63354.981382.07 
Belgium 18 5.0755.93145.14604.27384.53145.78284.80 
Bhutan 123 3.351083.451153.99244.691113.451242.691401.83 
Bolivia 116 3.40973.731323.601273.581213.331182.79843.38 
Botswana 84 3.871013.59974.12364.56574.22763.58973.12 
Brazil 42 4.46414.921233.851093.83534.30584.2195.66 
Bulgaria 52 4.31634.49634.37674.24604.17414.73633.87 
Burkina Faso 132 3.161362.421273.81704.221273.141322.491112.87 
Burundi 144 2.621422.141353.491033.891422.371422.101411.74 
Cambodia 100 3.651232.92904.17294.63843.801023.02873.31 
Cameroon 113 3.481173.221133.99814.111083.511202.76913.30 
Canada 6 5.37185.50155.1375.2085.35225.57135.48 
Cape Verde 127 3.29893.911104.011263.591153.36803.541441.30 
Chad 142 2.741432.051422.941203.721362.741432.091062.92 
Chile 29 4.68325.09344.68504.36194.88 42 4.59414.50 
China 30 4.68654.42564.42374.55544.30833.5326.86 
Colombia 63 4.17694.371094.03844.08704.01683.84324.71 
Costa Rica 56 4.28375.00524.47574.29923.74404.77823.43 
Côte d'Ivoire 108 3.581213.12824.23734.21783.861172.81943.23 
Croatia 68 4.11 53 4.671054.051063.86743.91444.56793.58 
Cyprus 57 4.28335.06274.86304.61833.81434.561152.77 
Czech Republic 34 4.62355.02504.53624.26444.45364.96424.49 
Denmark 17 5.11105.68234.96124.99274.7266.10544.23 
Dominican Republic 90 3.77993.69944.151073.85993.70843.51683.72 
Egypt 106 3.581113.271183.951403.081253.19953.21294.78 
El Salvador 96 3.71943.85554.451253.64863.78933.24903.30 
Estonia 27 4.73205.49264.89115.02294.67295.261003.07 
Ethiopia 120 3.371312.631243.84784.151203.331332.46663.81 
Finland 10 5.2716.22185.03234.6955.55115.97554.18 
France 19 5.07285.26464.57614.27234.79175.7785.74 
Gabon 119 3.371262.781263.81694.231053.571082.951092.89 
Gambia, The 117 3.401073.451114.00384.54943.741033.021421.65 
Georgia 79 3.92923.89604.40414.49763.90673.851032.98 
Germany 9 5.28165.55194.99354.57254.76135.8155.99 
Ghana 89 3.781063.46674.34983.94624.151003.11693.71 
Greece 65 4.15444.84854.201183.741302.97394.79494.34 
Guatemala 76 3.951033.56454.58854.07454.44883.47783.59 
Guinea 138 2.881402.191373.40894.051342.851392.351272.44 
Guyana 109 3.55824.12834.211013.90823.811013.101352.15 
Haiti 135 3.081093.431403.21774.151352.811342.411292.43 
Honduras 99 3.651003.63914.171303.51594.17973.18933.24 
Hong Kong SAR 3 5.58225.442 5.59 35.5715.9156.10274.89 
Hungary 53 4.30 52 4.68654.36754.17733.93504.43534.26 
Iceland 35 4.60135.62494.54144.94684.0386.021282.44 
India 61 4.19933.86954.131123.81514.341212.7536.26 
Indonesia 46 4.38614.53484.541103.81424.45773.58155.34 
Iran, Islamic Rep. 98 3.70784.171203.931423.011283.051072.95215.09 
Ireland 21 4.97175.54105.29184.82614.15125.89574.15 
Israel 26 4.75365.00794.24594.27204.87155.78484.36 
Italy 47 4.35474.78734.301363.291193.35384.82125.57 
Jamaica 77 3.95764.19764.28584.28484.40753.611072.92 
Japan 7 5.35215.44125.20224.73164.98205.6146.14 
Jordan 70 4.08484.78404.63944.02664.06733.71883.30 
Kazakhstan 48 4.33624.51544.46154.90983.70614.16524.26 
Kenya 66 4.12953.77624.40254.68244.77873.48743.62 
Korea, Rep. 25 4.83235.38334.70864.07803.81255.42115.60 
Kuwait 83 3.89814.151064.041163.78773.88743.69673.80 
Kyrgyz Republic 104 3.59913.89774.25924.02953.731112.901172.76 
Lao PDR 107 3.581103.28594.41344.591013.691152.831212.67 
Latvia 36 4.60315.13364.67174.82334.63325.12953.20 
Lebanon 85 3.86674.39714.311233.681023.65863.50763.61 
Lesotho 130 3.211163.23804.24764.161233.271372.371392.01 
(Cont’d.) 
© 2014 World Economic Forum
The Global Competitiveness Report 2014–2015 | 19 
1.1: The Global Competitiveness Index 2014–2015 
Table 6: The Global Competitiveness Index 2014–2015: Efficiency enhancers (cont’d.) 
PILLAR 
EFFICIENCY 
ENHANCERS 
5. Higher education 
and training 
6. Goods market 
efficiency 
7. Labor market 
efficiency 
8. Financial market 
development 
9. Technological 
readiness 10. Market size 
Country/Economy Rank ScoreRankScoreRankScoreRankScoreRankScoreRankScoreRankScore 
Libya 137 3.031023.591393.321333.411441.951302.56853.33 
Lithuania 38 4.54265.30474.57534.33654.09285.37773.60 
Luxembourg 22 4.97434.8855.48164.87145.1016.36963.13 
Macedonia, FYR 69 4.09714.32384.64714.21414.49623.991082.91 
Madagascar 128 3.251302.641024.08394.531322.851272.631142.77 
Malawi 122 3.351322.571084.03284.63793.821352.411232.63 
Malaysia 24 4.95464.8075.42194.8045.60604.18264.90 
Mali 129 3.251282.701044.071023.891223.321122.861222.66 
Malta 44 4.43424.92314.72544.32364.56215.581262.48 
Mauritania 143 2.691412.161383.351413.071412.501232.711312.33 
Mauritius 59 4.24544.66254.92524.33264.74633.971132.83 
Mexico 60 4.20873.99864.191213.71634.14793.55105.61 
Moldova 88 3.82844.081034.07824.111003.70514.381242.60 
Mongolia 92 3.76684.37814.23424.481243.22813.541202.73 
Montenegro 73 3.99514.68694.34654.24564.26544.281342.16 
Morocco 78 3.921043.56584.411113.81694.02783.57564.17 
Mozambique 131 3.191382.391163.991043.881263.141222.711013.07 
Myanmar 134 3.111352.441303.68724.211392.581442.07703.70 
Namibia 97 3.711153.23964.13554.31464.43893.421192.74 
Nepal 115 3.431133.251213.911143.80753.901282.61983.10 
Netherlands 8 5.2835.9995.34214.73374.5596.00235.07 
New Zealand 11 5.2695.7265.4365.2435.73235.55623.89 
Nicaragua 118 3.381143.231253.811083.841063.561132.841022.98 
Nigeria 82 3.891242.88874.19404.53674.061043.02334.70 
Norway 13 5.2485.75244.93134.97105.34 4 6.12504.34 
Oman 49 4.32794.17284.81484.39284.69574.24733.65 
Pakistan 101 3.641272.761004.081323.43723.991142.83304.75 
Panama 55 4.29664.40414.62874.06224.83534.34803.50 
Paraguay 112 3.53 1123.27924.161153.79933.741102.93923.29 
Peru 62 4.19834.08534.47514.33404.49923.30434.47 
Philippines 58 4.27644.45704.32914.03494.37693.78354.68 
Poland 32 4.64345.04514.49794.14354.60484.47195.12 
Portugal 37 4.57245.37444.58834.091043.65265.42514.32 
Puerto Rico 28 4.72275.27204.99464.40214.85374.87603.95 
Qatar 20 4.98384.9945.51105.05135.18315.17593.99 
Romania 50 4.32584.63894.18904.04644.12474.49454.44 
Russian Federation 41 4.49394.96994.09454.421103.50594.1975.77 
Rwanda 91 3.771222.98424.6295.08554.26983.141252.52 
Saudi Arabia 33 4.64574.64354.68644.25304.66454.54205.10 
Seychelles 105 3.58854.04884.18444.441033.65703.731431.46 
Senegal 102 3.621193.18684.34684.23853.80963.211042.96 
Serbia 80 3.90744.251283.781193.731093.50494.45713.68 
Sierra Leone 136 3.061372.391173.98954.011163.361382.361332.27 
Singapore 2 5.6826.0915.6425.6925.8476.09314.71 
Slovak Republic 51 4.31564.65664.36973.95394.50524.37584.03 
Slovenia 64 4.17255.33614.40993.931332.85335.05813.45 
South Africa 43 4.45864.04324.711133.8075.37663.86254.91 
Spain 31 4.67295.23754.281003.92913.76275.40145.42 
Sri Lanka 75 3.97724.30394.631353.29474.41943.24613.94 
Suriname 121 3.351053.501293.741173.741183.35723.711372.08 
Swaziland 126 3.321203.18984.091053.86714.001252.661362.09 
Sweden 12 5.25145.5917 5.04 204.79125.2536.19364.62 
Switzerland 5 5.4945.9885.3915.75115.29105.97394.57 
Taiwan, China 16 5.14 125.63115.23324.59184.91305.24175.23 
Tajikistan 111 3.53883.971143.99634.251133.401162.831162.76 
Tanzania 114 3.431342.451223.90474.39963.721312.51753.61 
Thailand 39 4.53594.58304.74664.24344.61653.94225.09 
Timor-Leste 141 2.841332.521343.561223.681382.691412.171302.40 
Trinidad and Tobago 81 3.90774.191014.08963.97524.33643.961122.87 
Tunisia 94 3.74734.281074.031293.511173.35903.38643.87 
Turkey 45 4.43504.69434.601313.48584.21554.27165.31 
Uganda 110 3.531292.681193.95274.66813.811192.78863.32 
Ukraine 67 4.11404.931123.99804.121073.54853.50384.58 
United Arab Emirates 14 5.2465.9035.5885.14174.94245.48464.41 
United Kingdom 4 5.51195.50135.1655.26155.0726.2865.78 
United States 1 5.7175.82165.0545.3095.35165.7816.94 
Uruguay 72 4.01494.71574.411343.37873.78464.50893.30 
Venezuela 124 3.35704.341442.781442.551312.911062.96404.55 
Vietnam 74 3.99963.74784.24494.37903.77993.12344.69 
Yemen 139 2.861392.291313.641383.231432.171362.40833.42 
Zambia 86 3.85804.16374.65884.06504.371052.991102.88 
Zimbabwe 133 3.121183.181333.581373.251123.441092.951322.31 
Note: Ranks out of 144 economies and scores measured on a 1-to-7 scale. 
© 2014 World Economic Forum
1.1: The Global Competitiveness Index 2014–2015 
20 | The Global Competitiveness Report 2014–2015 
PILLAR 
INNOVATION AND SOPHISTICATION 
FACTORS 
11. Business 
sophistication 12. Innovation 
Country/Economy Rank ScoreRankScoreRankScore 
Albania 114 3.171043.611202.73 
Algeria 133 2.911313.221282.60 
Angola 144 2.361442.611422.12 
Argentina 96 3.37963.69973.04 
Armenia 100 3.34933.731042.95 
Australia 26 4.55284.70254.41 
Austria 14 5.1175.41184.82 
Azerbaijan 72 3.59803.86593.33 
Bahrain 55 3.83454.35603.32 
Bangladesh 122 3.021183.451292.58 
Barbados 47 3.92534.28473.56 
Belgium 12 5.11105.34134.89 
Bhutan 111 3.221073.581132.85 
Bolivia 94 3.381033.61833.15 
Botswana 110 3.221163.471022.97 
Brazil 56 3.82474.32623.31 
Bulgaria 106 3.271053.611052.94 
Burkina Faso 128 2.951363.001072.89 
Burundi 137 2.681392.911332.46 
Cambodia 116 3.151113.521162.79 
Cameroon 84 3.47983.68713.27 
Canada 24 4.72234.90224.54 
Cape Verde 109 3.231143.481012.98 
Chad 141 2.551432.771392.34 
Chile 49 3.88554.23483.54 
China 33 4.14434.38323.91 
Colombia 64 3.65624.08773.21 
Costa Rica 35 4.13324.49343.78 
Côte d'Ivoire 86 3.471003.66693.28 
Croatia 87 3.47833.83933.10 
Cyprus 38 4.06404.41363.72 
Czech Republic 36 4.07354.46393.67 
Denmark 9 5.19115.33115.06 
Dominican Republic 90 3.44733.921032.96 
Egypt 113 3.18953.701242.65 
El Salvador 45 3.96374.43513.50 
Estonia 34 4.14484.32303.95 
Ethiopia 119 3.091273.321092.87 
Finland 3 5.5795.3615.78 
France 19 4.86224.98194.74 
Gabon 131 2.931333.181222.68 
Gambia, The 79 3.52713.93893.11 
Georgia 118 3.101133.491212.71 
Germany 4 5.5635.6565.47 
Ghana 68 3.62703.94633.31 
Greece 74 3.55743.91793.18 
Guatemala 62 3.68524.29953.07 
Guinea 142 2.551412.851412.25 
Guyana 60 3.69683.97553.42 
Haiti 140 2.611382.941402.28 
Honduras 70 3.61644.00743.23 
Hong Kong SAR 23 4.75165.13264.38 
Hungary 67 3.62923.75503.50 
Iceland 28 4.43294.67274.19 
India 52 3.86574.18493.53 
Indonesia 30 4.20344.47313.93 
Iran, Islamic Rep. 102 3.33 110 3.52863.13 
Ireland 20 4.85205.02204.68 
Israel 10 5.16264.7635.56 
Italy 29 4.26254.79353.73 
Jamaica 71 3.60673.98753.22 
Japan 2 5.6815.8245.54 
Jordan 42 4.02424.40413.64 
Kazakhstan 89 3.45913.77853.14 
Kenya 40 4.03444.38383.69 
Korea, Rep. 22 4.78274.73174.83 
Kuwait 95 3.38763.901112.86 
Kyrgyz Republic 126 2.961193.441322.48 
Lao PDR 80 3.51793.87843.14 
Latvia 61 3.68614.09703.27 
Lebanon 101 3.33753.911192.75 
Lesotho 117 3.121233.371102.87 
Table 7: The Global Competitiveness Index 2014–2015: Innovation and sophistication factors 
PILLAR 
INNOVATION AND SOPHISTICATION 
FACTORS 
11. Business 
sophistication 12. Innovation 
Country/Economy Rank ScoreRankScoreRankScore 
Libya 143 2.491353.011441.98 
Lithuania 44 3.97494.31443.62 
Luxembourg 18 4.93215.00164.85 
Macedonia, FYR 76 3.53893.78683.28 
Madagascar 105 3.271173.46943.09 
Malawi 115 3.171083.541152.80 
Malaysia 17 4.95155.24214.67 
Mali 97 3.361023.62923.10 
Malta 41 4.03364.45453.60 
Mauritania 138 2.631422.851362.41 
Mauritius 53 3.85334.48763.22 
Mexico 59 3.73584.14613.31 
Moldova 129 2.941243.351312.53 
Mongolia 112 3.201153.471062.94 
Montenegro 77 3.53973.69583.37 
Morocco 82 3.50783.88903.11 
Mozambique 120 3.051253.341182.76 
Myanmar 139 2.621402.901382.34 
Namibia 91 3.41943.72913.10 
Nepal 124 2.981263.341262.62 
Netherlands 6 5.4155.5785.25 
New Zealand 25 4.61244.80234.42 
Nicaragua 125 2.981293.281232.68 
Nigeria 103 3.30873.781142.82 
Norway 16 5.08135.30154.85 
Oman 58 3.76564.23643.29 
Pakistan 83 3.48813.85883.12 
Panama 46 3.95544.24403.65 
Paraguay 132 2.921213.391342.44 
Peru 99 3.34723.931172.76 
Philippines 48 3.90464.33523.48 
Poland 63 3.66634.06723.26 
Portugal 31 4.19514.29284.08 
Puerto Rico 27 4.52185.08293.96 
Qatar 15 5.09125.31144.88 
Romania 78 3.53903.77663.28 
Russian Federation 75 3.54863.79653.29 
Rwanda 66 3.64843.83533.46 
Saudi Arabia 32 4.19304.57333.80 
Seychelles 69 3.62663.99733.25 
Senegal 65 3.65773.90573.39 
Serbia 121 3.051323.211082.89 
Sierra Leone 130 2.931283.281302.58 
Singapore 11 5.13195.0795.18 
Slovak Republic 73 3.59654.00783.18 
Slovenia 50 3.88594.11423.64 
South Africa 37 4.07314.49433.64 
Spain 39 4.06384.42373.69 
Sri Lanka 43 4.00394.42463.57 
Suriname 123 3.001223.391272.60 
Swaziland 108 3.251013.631122.86 
Sweden 7 5.3885.3875.37 
Switzerland 1 5.7425.7925.70 
Taiwan, China 13 5.11175.12105.10 
Tajikistan 81 3.50823.83803.17 
Tanzania 107 3.261123.49983.03 
Thailand 54 3.84414.40673.28 
Timor-Leste 136 2.69 1372.971352.41 
Trinidad and Tobago 88 3.47693.941002.99 
Tunisia 93 3.40883.78993.01 
Turkey 51 3.86504.31563.42 
Uganda 104 3.301093.53963.06 
Ukraine 92 3.41993.66813.16 
United Arab Emirates 21 4.83145.25244.41 
United Kingdom 8 5.2165.45124.96 
United States 5 5.5445.5855.49 
Uruguay 85 3.47853.79823.15 
Venezuela 135 2.711343.041372.39 
Vietnam 98 3.351063.58873.12 
Yemen 134 2.771203.431432.11 
Zambia 57 3.76604.10543.42 
Zimbabwe 127 2.951303.281252.63 
Note: Ranks out of 144 economies and scores measured on a 1-to-7 scale. 
© 2014 World Economic Forum

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Tables3 7 wef-globalcompetitivenessreport 2014

  • 1. The Global Competitiveness Report 2014–2015 | 13 1.1: The Global Competitiveness Index 2014–2015 GCI 2014–2015 Country/Economy Rank (out of 144) Score (1–7) Rank among 2013–2014 economies* GCI 2013– 2014 rank (out of 148)† Switzerland 1 5.70 1 1 Singapore 2 5.65 2 2 United States 3 5.54 3 5 Finland 4 5.50 4 3 Germany 5 5.49 5 4 Japan 6 5.47 6 9 Hong Kong SAR 7 5.46 7 7 Netherlands 8 5.45 8 8 United Kingdom 9 5.41 9 10 Sweden 10 5.4110 6 Norway 11 5.351111 United Arab Emirates 12 5.331219 Denmark 13 5.291315 Taiwan, China 14 5.251412 Canada 15 5.241514 Qatar 16 5.241613 New Zealand 17 5.201718 Belgium 18 5.181817 Luxembourg 19 5.171922 Malaysia 20 5.162024 Austria 21 5.162116 Australia 22 5.082221 France 23 5.082323 Saudi Arabia 24 5.062420 Ireland 25 4.982528 Korea, Rep. 26 4.962625 Israel 27 4.952727 China 28 4.892829 Estonia 29 4.712932 Iceland 30 4.713031 Thailand 31 4.663137 Puerto Rico 32 4.643230 Chile 33 4.603334 Indonesia 34 4.573438 Spain 35 4.553535 Portugal 36 4.543651 Czech Republic 37 4.533746 Azerbaijan 38 4.533839 Mauritius 39 4.523945 Kuwait 40 4.514036 Lithuania 41 4.514148 Latvia 42 4.504252 Poland 43 4.484342 Bahrain 44 4.484443 Turkey 45 4.464544 Oman 46 4.464633 Malta 47 4.454741 Panama 48 4.434840 Italy 49 4.424949 Kazakhstan 50 4.425050 Costa Rica 51 4.425154 Philippines 52 4.405259 Russian Federation 53 4.375364 Bulgaria 54 4.375457 Barbados 55 4.365547 South Africa 56 4.355653 Brazil 57 4.345756 Cyprus 58 4.315858 Romania 59 4.305976 Hungary 60 4.286063 Mexico 61 4.276155 Rwanda 62 4.276266 Macedonia, FYR 63 4.266373 Jordan 64 4.256468 Peru 65 4.246561 Colombia 66 4.236669 Montenegro 67 4.236767 Vietnam 68 4.236870 Georgia 69 4.226972 Slovenia 70 4.227062 India 71 4.217160 Morocco 72 4.217277 Table 3: The Global Competitiveness Index 2014–2015 rankings and 2013–2014 comparisons GCI 2014–2015 Country/Economy Rank (out of 144) Score (1–7) Rank among 2013–2014 economies* GCI 2013– 2014 rank (out of 148)† Sri Lanka 73 4.197365 Botswana 74 4.157474 Slovak Republic 75 4.157578 Ukraine 76 4.147684 Croatia 77 4.137775 Guatemala 78 4.107886 Algeria 79 4.0879100 Uruguay 80 4.048085 Greece 81 4.048191 Moldova 82 4.038289 Iran, Islamic Rep. 83 4.038382 El Salvador 84 4.018497 Armenia 85 4.018579 Jamaica 86 3.988694 Tunisia 87 3.968783 Namibia 88 3.968890 Trinidad and Tobago 89 3.958992 Kenya 90 3.939096 Tajikistan 91 3.93n/an/a Seychelles 92 3.919180 Lao PDR 93 3.919281 Serbia 94 3.9093101 Cambodia 95 3.899488 Zambia 96 3.869593 Albania 97 3.849695 Mongolia 98 3.8397107 Nicaragua 99 3.829899 Honduras 100 3.8299111 Dominican Republic 101 3.82100105 Nepal 102 3.81101117 Bhutan 103 3.80102109 Argentina 104 3.79103104 Bolivia 105 3.7710498 Gabon 106 3.74105112 Lesotho 107 3.73106123 Kyrgyz Republic 108 3.73107121 Bangladesh 109 3.72108110 Suriname 110 3.71109106 Ghana 111 3.71110114 Senegal 112 3.70111113 Lebanon 113 3.68112103 Cape Verde 114 3.68113122 Côte d'Ivoire 115 3.67114126 Cameroon 116 3.66115115 Guyana 117 3.65116102 Ethiopia 118 3.60117127 Egypt 119 3.60118118 Paraguay 120 3.59119119 Tanzania 121 3.57120125 Uganda 122 3.56121129 Swaziland 123 3.55122124 Zimbabwe 124 3.54123131 Gambia, The 125 3.53124116 Libya 126 3.48125108 Nigeria 127 3.44126120 Mali 128 3.43127135 Pakistan 129 3.42128133 Madagascar 130 3.41129132 Venezuela 131 3.32130134 Malawi 132 3.25131136 Mozambique 133 3.24132137 Myanmar 134 3.24133139 Burkina Faso 135 3.21134140 Timor-Leste 136 3.17135138 Haiti 137 3.14136143 Sierra Leone 138 3.10137144 Burundi 139 3.09138146 Angola 140 3.04139142 Mauritania 141 3.00140141 Yemen 142 2.96141145 Chad 143 2.85142148 Guinea 144 2.79143147 * This column ranks all those economies for 2014–2015 that have been covered both in the 2013–2014 and 2014–2015 editions, hence a constant sample of 143 economies. Tajikistan was not included in the analysis last year, and therefore appears as n/a. † The 2013–2014 edition of the Global Competitiveness Report covered 148 economies. © 2014 World Economic Forum
  • 2. 1.1: The Global Competitiveness Index 2014–2015 14 | The Global Competitiveness Report 2014–2015 SUBINDEX OVERALL INDEX Basic requirements Efficiency enhancers Innovation and sophistication factors Country/Economy Rank Score Rank Score Rank Score Rank Score Switzerland 1 5.70 4 6.17 5 5.49 1 5.74 Singapore 2 5.65 1 6.34 2 5.68 11 5.13 United States 3 5.54 33 5.15 1 5.71 5 5.54 Finland 4 5.50 8 5.97 10 5.27 3 5.57 Germany 5 5.49 11 5.91 9 5.28 4 5.56 Japan 6 5.47 25 5.47 7 5.35 2 5.68 Hong Kong SAR 7 5.46 3 6.19 3 5.58 23 4.75 Netherlands 8 5.45 10 5.95 8 5.28 6 5.41 United Kingdom 9 5.41 24 5.49 4 5.51 8 5.21 Sweden 10 5.41 12 5.86 12 5.25 7 5.38 Norway 11 5.35 6 6.05 13 5.24 16 5.08 United Arab Emirates 12 5.33 2 6.20 14 5.24 21 4.83 Denmark 13 5.29 13 5.85 17 5.11 9 5.19 Taiwan, China 14 5.25 14 5.75 16 5.14 13 5.11 Canada 15 5.24 18 5.70 6 5.37 24 4.72 Qatar 16 5.24 5 6.12 20 4.98 15 5.09 New Zealand 17 5.20 9 5.96 11 5.26 25 4.61 Belgium 18 5.18 22 5.53 18 5.07 12 5.11 Luxembourg 19 5.17 7 6.02 22 4.97 18 4.93 Malaysia 20 5.16 23 5.53 24 4.95 17 4.95 Austria 21 5.16 16 5.71 23 4.96 14 5.11 Australia 22 5.08 17 5.71 15 5.16 26 4.55 France 23 5.08 26 5.42 19 5.07 19 4.86 Saudi Arabia 24 5.06 15 5.72 33 4.64 32 4.19 Ireland 25 4.98 31 5.19 21 4.97 20 4.85 Korea, Rep. 26 4.96 20 5.55 25 4.83 22 4.78 Israel 27 4.95 36 5.12 26 4.75 10 5.16 China 28 4.89 28 5.34 30 4.68 33 4.14 Estonia 29 4.71 21 5.54 27 4.73 34 4.14 Iceland 30 4.71 27 5.39 35 4.60 28 4.43 Thailand 31 4.66 40 5.01 39 4.53 54 3.84 Puerto Rico 32 4.64 68 4.62 28 4.72 27 4.52 Chile 33 4.60 30 5.25 29 4.68 49 3.88 Indonesia 34 4.57 46 4.91 46 4.38 30 4.20 Spain 35 4.55 42 4.98 31 4.67 39 4.06 Portugal 36 4.54 41 5.00 37 4.57 31 4.19 Czech Republic 37 4.53 39 5.02 34 4.62 36 4.07 Azerbaijan 38 4.53 45 4.93 71 4.08 72 3.59 Mauritius 39 4.52 38 5.04 59 4.24 53 3.85 Kuwait 40 4.51 32 5.16 83 3.89 95 3.38 Lithuania 41 4.51 37 5.08 38 4.54 44 3.97 Latvia 42 4.50 34 5.14 36 4.60 61 3.68 Poland 43 4.48 55 4.80 32 4.64 63 3.66 Bahrain 44 4.48 29 5.31 40 4.51 55 3.83 Turkey 45 4.46 56 4.76 45 4.43 51 3.86 Oman 46 4.46 19 5.66 49 4.32 58 3.76 Malta 47 4.45 35 5.13 44 4.43 41 4.03 Panama 48 4.43 53 4.82 55 4.29 46 3.95 Italy 49 4.42 54 4.82 47 4.35 29 4.26 Kazakhstan 50 4.42 51 4.85 48 4.33 89 3.45 Costa Rica 51 4.42 62 4.70 56 4.28 35 4.13 Philippines 52 4.40 66 4.63 58 4.27 48 3.90 Russian Federation 53 4.37 44 4.94 41 4.49 75 3.54 Bulgaria 54 4.37 59 4.71 52 4.31 106 3.27 Barbados 55 4.36 43 4.96 54 4.30 47 3.92 South Africa 56 4.35 89 4.30 43 4.45 37 4.07 Brazil 57 4.34 83 4.40 42 4.46 56 3.82 Cyprus 58 4.31 58 4.73 57 4.28 38 4.06 Romania 59 4.30 77 4.48 50 4.32 78 3.53 Hungary 60 4.28 60 4.71 53 4.30 67 3.62 Mexico 61 4.27 69 4.59 60 4.20 59 3.73 Rwanda 62 4.27 67 4.62 91 3.77 66 3.64 Macedonia, FYR 63 4.26 64 4.64 69 4.09 76 3.53 Jordan 64 4.25 73 4.53 70 4.08 42 4.02 Peru 65 4.24 74 4.52 62 4.19 99 3.34 Colombia 66 4.23 78 4.45 63 4.17 64 3.65 Montenegro 67 4.23 61 4.71 73 3.99 77 3.53 Vietnam 68 4.23 79 4.44 74 3.99 98 3.35 Georgia 69 4.22 48 4.88 79 3.92 118 3.10 Slovenia 70 4.22 49 4.86 64 4.17 50 3.88 India 71 4.21 92 4.25 61 4.19 52 3.86 Morocco 72 4.21 57 4.74 78 3.92 82 3.50 Table 4: The Global Competitiveness Index 2014–2015 (Cont’d.) © 2014 World Economic Forum
  • 3. The Global Competitiveness Report 2014–2015 | 15 1.1: The Global Competitiveness Index 2014–2015 Table 4: The Global Competitiveness Index 2014–2015 (cont’d.) SUBINDEX OVERALL INDEX Basic requirements Efficiency enhancers Innovation and sophistication factors Country/Economy Rank Score Rank Score Rank Score Rank Score Sri Lanka 73 4.19 75 4.51 75 3.97 43 4.00 Botswana 74 4.15 72 4.53 84 3.87 110 3.22 Slovak Republic 75 4.15 70 4.58 51 4.31 73 3.59 Ukraine 76 4.14 87 4.36 67 4.11 92 3.41 Croatia 77 4.13 63 4.66 68 4.11 87 3.47 Guatemala 78 4.10 84 4.39 76 3.95 62 3.68 Algeria 79 4.08 65 4.64 125 3.34 133 2.91 Uruguay 80 4.04 47 4.90 72 4.01 85 3.47 Greece 81 4.04 76 4.50 65 4.15 74 3.55 Moldova 82 4.03 90 4.30 88 3.82 129 2.94 Iran, Islamic Rep. 83 4.03 71 4.57 98 3.70 102 3.33 El Salvador 84 4.01 80 4.41 96 3.71 45 3.96 Armenia 85 4.01 82 4.40 87 3.82 100 3.34 Jamaica 86 3.98 99 4.11 77 3.95 71 3.60 Tunisia 87 3.96 85 4.38 94 3.74 93 3.40 Namibia 88 3.96 81 4.40 97 3.71 91 3.41 Trinidad and Tobago 89 3.95 52 4.83 81 3.90 88 3.47 Kenya 90 3.93 115 3.82 66 4.12 40 4.03 Tajikistan 91 3.93 94 4.20 111 3.53 81 3.50 Seychelles 92 3.91 50 4.85 105 3.58 69 3.62 Lao PDR 93 3.91 98 4.13 107 3.58 80 3.51 Serbia 94 3.90 101 4.10 80 3.90 121 3.05 Cambodia 95 3.89 103 4.09 100 3.65 116 3.15 Zambia 96 3.86 109 3.88 86 3.85 57 3.76 Albania 97 3.84 97 4.14 95 3.72 114 3.17 Mongolia 98 3.83 105 3.99 92 3.76 112 3.20 Nicaragua 99 3.82 96 4.15 118 3.38 125 2.98 Honduras 100 3.82 107 3.97 99 3.65 70 3.61 Dominican Republic 101 3.82 106 3.98 90 3.77 90 3.44 Nepal 102 3.81 100 4.11 115 3.43 124 2.98 Bhutan 103 3.80 88 4.33 123 3.35 111 3.22 Argentina 104 3.79 104 4.08 93 3.75 96 3.37 Bolivia 105 3.77 93 4.21 116 3.40 94 3.38 Gabon 106 3.74 95 4.15 119 3.37 131 2.93 Lesotho 107 3.73 102 4.09 130 3.21 117 3.12 Kyrgyz Republic 108 3.73 110 3.87 104 3.59 126 2.96 Bangladesh 109 3.72 113 3.84 103 3.60 122 3.02 Suriname 110 3.71 86 4.36 121 3.35 123 3.00 Ghana 111 3.71 123 3.68 89 3.78 68 3.62 Senegal 112 3.70 120 3.75 102 3.62 65 3.65 Lebanon 113 3.68 127 3.55 85 3.86 101 3.33 Cape Verde 114 3.68 91 4.27 127 3.29 109 3.23 Côte d'Ivoire 115 3.67 119 3.75 108 3.58 86 3.47 Cameroon 116 3.66 116 3.79 113 3.48 84 3.47 Guyana 117 3.65 118 3.76 109 3.55 60 3.69 Ethiopia 118 3.60 117 3.78 120 3.37 119 3.09 Egypt 119 3.60 121 3.73 106 3.58 113 3.18 Paraguay 120 3.59 112 3.85 112 3.53 132 2.92 Tanzania 121 3.57 124 3.67 114 3.43 107 3.26 Uganda 122 3.56 126 3.59 110 3.53 104 3.30 Swaziland 123 3.55 108 3.92 126 3.32 108 3.25 Zimbabwe 124 3.54 114 3.83 133 3.12 127 2.95 Gambia, The 125 3.53 125 3.60 117 3.40 79 3.52 Libya 126 3.48 111 3.86 137 3.03 143 2.49 Nigeria 127 3.44 140 3.18 82 3.89 103 3.30 Mali 128 3.43 128 3.54 129 3.25 97 3.36 Pakistan 129 3.42 134 3.28 101 3.64 83 3.48 Madagascar 130 3.41 129 3.52 128 3.25 105 3.27 Venezuela 131 3.32 131 3.36 124 3.35 135 2.71 Malawi 132 3.25 139 3.20 122 3.35 115 3.17 Mozambique 133 3.24 133 3.29 131 3.19 120 3.05 Myanmar 134 3.24 132 3.36 134 3.11 139 2.62 Burkina Faso 135 3.21 135 3.25 132 3.16 128 2.95 Timor-Leste 136 3.17 122 3.71 141 2.84 136 2.69 Haiti 137 3.14 136 3.23 135 3.08 140 2.61 Sierra Leone 138 3.10 141 3.14 136 3.06 130 2.93 Burundi 139 3.09 130 3.40 144 2.62 137 2.68 Angola 140 3.04 137 3.21 140 2.84 144 2.36 Mauritania 141 3.00 138 3.21 143 2.69 138 2.63 Yemen 142 2.96 142 3.03 139 2.86 134 2.77 Chad 143 2.85 143 2.93 142 2.74 141 2.55 Guinea 144 2.79 144 2.76 138 2.88 142 2.55 Note: Ranks out of 144 economies and scores measured on a 1-to-7 scale. © 2014 World Economic Forum
  • 4. 1.1: The Global Competitiveness Index 2014–2015 16 | The Global Competitiveness Report 2014–2015 Table 5: The Global Competitiveness Index 2014–2015: Basic requirements PILLAR BASIC REQUIREMENTS 1. Institutions 2. Infrastructure3. Macroeconomic environment4. Health and primary education Country/Economy Rank ScoreRankScoreRankScoreRankScoreRankScore Albania 97 4.141033.38 90 3.521223.82 62 5.85 Algeria 65 4.641013.411063.12 11 6.41 81 5.61 Angola 137 3.211432.611392.01 71 4.701363.54 Argentina 104 4.081372.79 89 3.541024.22 67 5.78 Armenia 82 4.40 72 3.82 78 3.83 77 4.62 99 5.33 Australia 17 5.71 19 5.14 20 5.60 30 5.61 17 6.46 Austria 16 5.71 22 5.09 13 5.80 33 5.51 19 6.44 Azerbaijan 45 4.93 60 3.96 70 4.12 9 6.411045.24 Bahrain 29 5.31 29 4.70 31 5.19 47 5.19 40 6.16 Bangladesh 113 3.841312.961272.45 72 4.691025.29 Barbados 43 4.96 33 4.64 28 5.321323.42 16 6.47 Belgium 22 5.53 23 5.08 18 5.61 70 4.70 2 6.75 Bhutan 88 4.33 38 4.47 92 3.491193.90 89 5.47 Bolivia 93 4.21 90 3.531093.00 35 5.471094.85 Botswana 72 4.53 39 4.471013.19 13 6.301274.14 Brazil 83 4.40 94 3.47 76 3.98 85 4.49 77 5.65 Bulgaria 59 4.711123.32 74 4.06 36 5.45 51 6.03 Burkina Faso 135 3.251173.281412.01 83 4.551413.18 Burundi 130 3.401322.921402.011124.021144.64 Cambodia 103 4.091193.251073.05 80 4.60 91 5.44 Cameroon 116 3.79 91 3.531262.47 90 4.451124.70 Canada 18 5.70 14 5.43 15 5.74 51 5.06 7 6.58 Cape Verde 91 4.27 66 3.891043.141064.11 57 5.96 Chad 143 2.931402.661441.67 73 4.681442.72 Chile 30 5.25 28 4.82 49 4.56 22 5.88 70 5.75 China 28 5.34 47 4.22 46 4.66 10 6.41 46 6.08 Colombia 78 4.451113.32 84 3.66 29 5.651055.19 Costa Rica 62 4.70 46 4.26 73 4.08 93 4.40 48 6.06 Côte d'Ivoire 119 3.75 86 3.64 93 3.41 68 4.701403.25 Croatia 63 4.66 87 3.59 44 4.72 91 4.44 60 5.91 Cyprus 58 4.73 42 4.39 45 4.701343.32 9 6.53 Czech Republic 39 5.02 76 3.77 41 4.75 40 5.37 37 6.20 Denmark 13 5.85 16 5.35 21 5.59 16 6.11 25 6.37 Dominican Republic 106 3.981163.29 98 3.26 94 4.391074.98 Egypt 121 3.731003.411003.201412.96 97 5.37 El Salvador 80 4.41 99 3.44 57 4.341004.23 80 5.61 Estonia 21 5.54 26 4.96 38 4.85 20 6.00 26 6.33 Ethiopia 117 3.78 96 3.461252.49 95 4.361104.82 Finland 8 5.97 2 6.08 19 5.60 43 5.32 1 6.89 France 26 5.42 32 4.68 8 6.03 82 4.55 18 6.44 Gabon 95 4.15 79 3.72 1142.86 18 6.031304.01 Gambia, The 125 3.60 44 4.29 95 3.271422.961333.88 Georgia 48 4.88 48 4.21 59 4.31 48 5.14 63 5.84 Germany 11 5.91 17 5.23 7 6.09 24 5.83 14 6.48 Ghana 123 3.68 69 3.851083.031333.381214.46 Greece 76 4.50 85 3.64 36 4.881353.31 41 6.15 Guatemala 84 4.391093.34 67 4.17 64 4.741005.30 Guinea 144 2.761342.811431.781383.201393.25 Guyana 118 3.76 89 3.541102.941183.911134.66 Haiti 136 3.231352.811382.031203.871264.20 Honduras 107 3.971053.371023.181233.82 85 5.52 Hong Kong SAR 3 6.19 8 5.63 1 6.69 14 6.17 32 6.28 Hungary 60 4.71 83 3.67 50 4.56 61 4.78 64 5.84 Iceland 27 5.39 21 5.11 23 5.54 92 4.41 10 6.52 India 92 4.25 70 3.84 87 3.581014.22 98 5.35 Indonesia 46 4.91 53 4.11 56 4.37 34 5.48 74 5.67 Iran, Islamic Rep. 71 4.571083.36 69 4.15 62 4.77 52 6.00 Ireland 31 5.19 15 5.40 27 5.321303.49 8 6.54 Israel 36 5.12 43 4.32 34 4.99 50 5.07 44 6.10 Italy 54 4.821063.37 26 5.431084.09 22 6.40 Jamaica 99 4.11 80 3.71 80 3.751363.29 72 5.69 Japan 25 5.47 11 5.47 6 6.131273.64 6 6.62 Jordan 73 4.53 37 4.48 71 4.111313.45 47 6.07 Kazakhstan 51 4.85 57 4.02 62 4.25 27 5.74 96 5.37 Kenya 115 3.82 78 3.73 96 3.271263.731204.55 Korea, Rep. 20 5.55 82 3.70 14 5.74 7 6.44 27 6.31 Kuwait 32 5.16 55 4.02 61 4.28 3 6.73 82 5.59 Kyrgyz Republic 110 3.871243.211152.801044.161015.29 Lao PDR 98 4.13 63 3.92 94 3.381243.78 90 5.44 Latvia 34 5.14 51 4.13 47 4.61 32 5.52 31 6.28 Lebanon 127 3.551392.711222.621432.56 30 6.29 Lesotho 102 4.09 68 3.861162.77 28 5.691284.03 (Cont’d.) © 2014 World Economic Forum
  • 5. The Global Competitiveness Report 2014–2015 | 17 1.1: The Global Competitiveness Index 2014–2015 Table 5: The Global Competitiveness Index 2014–2015: Basic requirements (cont’d.) PILLAR BASIC REQUIREMENTS 1. Institutions 2. Infrastructure3. Macroeconomic environment4. Health and primary education Country/Economy Rank ScoreRankScoreRankScoreRankScoreRankScore Libya 111 3.861422.621132.88 41 5.361194.55 Lithuania 37 5.08 58 4.01 43 4.73 42 5.35 35 6.24 Luxembourg 7 6.02 6 5.69 16 5.73 8 6.43 36 6.21 Macedonia, FYR 64 4.64 45 4.26 82 3.73 55 4.93 78 5.64 Madagascar 129 3.521283.131352.10 81 4.601254.26 Malawi 139 3.20 77 3.741312.211442.421234.42 Malaysia 23 5.53 20 5.11 25 5.46 44 5.26 33 6.28 Mali 128 3.541263.181033.15 86 4.481383.33 Malta 35 5.13 40 4.46 37 4.88 65 4.73 20 6.43 Mauritania 138 3.211382.761232.591154.001373.48 Mauritius 38 5.04 35 4.60 42 4.74 74 4.66 42 6.14 Mexico 69 4.591023.40 65 4.19 53 5.04 71 5.73 Moldova 90 4.301213.22 83 3.68 56 4.91 93 5.40 Mongolia 105 3.99 98 3.441122.921253.77 65 5.81 Montenegro 61 4.71 59 3.96 72 4.10 88 4.46 29 6.31 Morocco 57 4.74 49 4.21 55 4.38 66 4.72 76 5.66 Mozambique 133 3.291273.161282.361104.061353.58 Myanmar 132 3.361362.801372.051164.001174.59 Namibia 81 4.40 50 4.19 66 4.17 78 4.621154.63 Nepal 100 4.111203.221322.15 37 5.40 75 5.66 Netherlands 10 5.95 10 5.53 4 6.25 39 5.38 5 6.64 New Zealand 9 5.96 1 6.09 29 5.30 25 5.79 4 6.66 Nicaragua 96 4.151143.31 99 3.20 67 4.71 95 5.37 Nigeria 140 3.181293.011342.13 76 4.621432.97 Norway 6 6.05 5 5.74 32 5.16 1 6.83 15 6.47 Oman 19 5.66 24 5.06 33 5.01 6 6.56 54 5.99 Pakistan 134 3.281233.211192.661373.241294.02 Panama 53 4.82 71 3.83 40 4.77 52 5.05 79 5.63 Paraguay 112 3.851332.901172.70 54 5.011114.76 Peru 74 4.521183.26 88 3.54 21 5.89 94 5.39 Philippines 66 4.63 67 3.86 91 3.49 26 5.76 92 5.41 Poland 55 4.80 56 4.02 63 4.24 63 4.77 39 6.17 Portugal 41 5.00 41 4.43 17 5.661283.52 24 6.39 Puerto Rico 68 4.62 34 4.62 58 4.34 99 4.241035.27 Qatar 5 6.12 4 5.90 24 5.51 2 6.74 28 6.31 Romania 77 4.48 88 3.56 85 3.65 46 5.20 88 5.51 Russian Federation 44 4.94 97 3.45 39 4.82 31 5.54 56 5.97 Rwanda 67 4.62 18 5.211053.14 79 4.62 86 5.52 Saudi Arabia 15 5.72 25 4.97 30 5.19 4 6.67 50 6.03 Seychelles 50 4.85 54 4.04 53 4.50 57 4.89 55 5.98 Senegal 120 3.75 74 3.811112.93 97 4.291313.96 Serbia 101 4.101223.21 77 3.931293.51 68 5.76 Sierra Leone 141 3.141073.371362.071173.941423.18 Singapore 1 6.34 3 5.98 2 6.54 15 6.13 3 6.73 Slovak Republic 70 4.581103.33 64 4.21 45 5.23 84 5.55 Slovenia 49 4.86 75 3.81 35 4.88 98 4.27 12 6.50 South Africa 89 4.30 36 4.50 60 4.29 89 4.451323.96 Spain 42 4.98 73 3.82 9 6.011213.83 34 6.25 Sri Lanka 75 4.51 62 3.93 75 4.021144.01 45 6.09 Suriname 86 4.361043.37 86 3.61 59 4.80 73 5.67 Swaziland 108 3.92 61 3.94 97 3.26 60 4.791343.69 Sweden 12 5.86 13 5.43 22 5.55 17 6.06 23 6.39 Switzerland 4 6.17 9 5.60 5 6.18 12 6.40 11 6.52 Taiwan, China 14 5.75 27 4.84 11 5.82 23 5.83 13 6.49 Tajikistan 94 4.20 65 3.901202.65 69 4.70 83 5.56 Tanzania 124 3.67 93 3.491302.261094.061084.86 Thailand 40 5.01 84 3.66 48 4.58 19 6.01 66 5.80 Timor-Leste 122 3.711253.211332.14 49 5.121244.38 Trinidad and Tobago 52 4.83 95 3.46 52 4.51 38 5.39 59 5.94 Tunisia 85 4.38 81 3.70 79 3.801114.03 53 6.00 Turkey 56 4.76 64 3.90 51 4.55 58 4.83 69 5.75 Uganda 126 3.591153.291292.28 96 4.361224.45 Ukraine 87 4.361302.98 68 4.161054.14 43 6.14 United Arab Emirates 2 6.20 7 5.69 3 6.30 5 6.63 38 6.17 United Kingdom 24 5.49 12 5.44 10 6.011074.10 21 6.43 United States 33 5.15 30 4.69 12 5.821134.01 49 6.06 Uruguay 47 4.90 31 4.68 54 4.47 84 4.52 58 5.94 Venezuela 131 3.361442.151212.651393.13 87 5.51 Vietnam 79 4.44 92 3.51 81 3.74 75 4.66 61 5.86 Yemen 142 3.031412.651421.901402.981164.59 Zambia 109 3.88 52 4.121182.671034.161184.56 Zimbabwe 114 3.83 1133.311242.54 87 4.481064.99 Note: Ranks out of 144 economies and scores measured on a 1-to-7 scale. © 2014 World Economic Forum
  • 6. 1.1: The Global Competitiveness Index 2014–2015 18 | The Global Competitiveness Report 2014–2015 Table 6: The Global Competitiveness Index 2014–2015: Efficiency enhancers PILLAR EFFICIENCY ENHANCERS 5. Higher education and training 6. Goods market efficiency 7. Labor market efficiency 8. Financial market development 9. Technological readiness 10. Market size Country/Economy Rank ScoreRankScoreRankScoreRankScoreRankScoreRankScoreRankScore Albania 95 3.72604.53934.15934.021143.39913.301052.94 Algeria 125 3.34983.691363.481393.151372.721292.59474.39 Angola 140 2.841441.941432.921283.521402.501402.34653.84 Argentina 93 3.75454.831413.141432.971293.04823.54244.97 Armenia 87 3.82754.20644.37744.20973.71713.721182.75 Australia 15 5.16115.67294.76564.3065.41195.64185.14 Austria 23 4.96155.56224.96434.45434.45185.74374.61 Azerbaijan 71 4.08903.90724.31334.59893.77564.26723.66 Bahrain 40 4.51554.66214.98264.67314.65345.01993.08 Bangladesh 103 3.601252.86844.201243.67883.771262.66444.46 Barbados 54 4.30305.22744.28314.60324.63354.981382.07 Belgium 18 5.0755.93145.14604.27384.53145.78284.80 Bhutan 123 3.351083.451153.99244.691113.451242.691401.83 Bolivia 116 3.40973.731323.601273.581213.331182.79843.38 Botswana 84 3.871013.59974.12364.56574.22763.58973.12 Brazil 42 4.46414.921233.851093.83534.30584.2195.66 Bulgaria 52 4.31634.49634.37674.24604.17414.73633.87 Burkina Faso 132 3.161362.421273.81704.221273.141322.491112.87 Burundi 144 2.621422.141353.491033.891422.371422.101411.74 Cambodia 100 3.651232.92904.17294.63843.801023.02873.31 Cameroon 113 3.481173.221133.99814.111083.511202.76913.30 Canada 6 5.37185.50155.1375.2085.35225.57135.48 Cape Verde 127 3.29893.911104.011263.591153.36803.541441.30 Chad 142 2.741432.051422.941203.721362.741432.091062.92 Chile 29 4.68325.09344.68504.36194.88 42 4.59414.50 China 30 4.68654.42564.42374.55544.30833.5326.86 Colombia 63 4.17694.371094.03844.08704.01683.84324.71 Costa Rica 56 4.28375.00524.47574.29923.74404.77823.43 Côte d'Ivoire 108 3.581213.12824.23734.21783.861172.81943.23 Croatia 68 4.11 53 4.671054.051063.86743.91444.56793.58 Cyprus 57 4.28335.06274.86304.61833.81434.561152.77 Czech Republic 34 4.62355.02504.53624.26444.45364.96424.49 Denmark 17 5.11105.68234.96124.99274.7266.10544.23 Dominican Republic 90 3.77993.69944.151073.85993.70843.51683.72 Egypt 106 3.581113.271183.951403.081253.19953.21294.78 El Salvador 96 3.71943.85554.451253.64863.78933.24903.30 Estonia 27 4.73205.49264.89115.02294.67295.261003.07 Ethiopia 120 3.371312.631243.84784.151203.331332.46663.81 Finland 10 5.2716.22185.03234.6955.55115.97554.18 France 19 5.07285.26464.57614.27234.79175.7785.74 Gabon 119 3.371262.781263.81694.231053.571082.951092.89 Gambia, The 117 3.401073.451114.00384.54943.741033.021421.65 Georgia 79 3.92923.89604.40414.49763.90673.851032.98 Germany 9 5.28165.55194.99354.57254.76135.8155.99 Ghana 89 3.781063.46674.34983.94624.151003.11693.71 Greece 65 4.15444.84854.201183.741302.97394.79494.34 Guatemala 76 3.951033.56454.58854.07454.44883.47783.59 Guinea 138 2.881402.191373.40894.051342.851392.351272.44 Guyana 109 3.55824.12834.211013.90823.811013.101352.15 Haiti 135 3.081093.431403.21774.151352.811342.411292.43 Honduras 99 3.651003.63914.171303.51594.17973.18933.24 Hong Kong SAR 3 5.58225.442 5.59 35.5715.9156.10274.89 Hungary 53 4.30 52 4.68654.36754.17733.93504.43534.26 Iceland 35 4.60135.62494.54144.94684.0386.021282.44 India 61 4.19933.86954.131123.81514.341212.7536.26 Indonesia 46 4.38614.53484.541103.81424.45773.58155.34 Iran, Islamic Rep. 98 3.70784.171203.931423.011283.051072.95215.09 Ireland 21 4.97175.54105.29184.82614.15125.89574.15 Israel 26 4.75365.00794.24594.27204.87155.78484.36 Italy 47 4.35474.78734.301363.291193.35384.82125.57 Jamaica 77 3.95764.19764.28584.28484.40753.611072.92 Japan 7 5.35215.44125.20224.73164.98205.6146.14 Jordan 70 4.08484.78404.63944.02664.06733.71883.30 Kazakhstan 48 4.33624.51544.46154.90983.70614.16524.26 Kenya 66 4.12953.77624.40254.68244.77873.48743.62 Korea, Rep. 25 4.83235.38334.70864.07803.81255.42115.60 Kuwait 83 3.89814.151064.041163.78773.88743.69673.80 Kyrgyz Republic 104 3.59913.89774.25924.02953.731112.901172.76 Lao PDR 107 3.581103.28594.41344.591013.691152.831212.67 Latvia 36 4.60315.13364.67174.82334.63325.12953.20 Lebanon 85 3.86674.39714.311233.681023.65863.50763.61 Lesotho 130 3.211163.23804.24764.161233.271372.371392.01 (Cont’d.) © 2014 World Economic Forum
  • 7. The Global Competitiveness Report 2014–2015 | 19 1.1: The Global Competitiveness Index 2014–2015 Table 6: The Global Competitiveness Index 2014–2015: Efficiency enhancers (cont’d.) PILLAR EFFICIENCY ENHANCERS 5. Higher education and training 6. Goods market efficiency 7. Labor market efficiency 8. Financial market development 9. Technological readiness 10. Market size Country/Economy Rank ScoreRankScoreRankScoreRankScoreRankScoreRankScoreRankScore Libya 137 3.031023.591393.321333.411441.951302.56853.33 Lithuania 38 4.54265.30474.57534.33654.09285.37773.60 Luxembourg 22 4.97434.8855.48164.87145.1016.36963.13 Macedonia, FYR 69 4.09714.32384.64714.21414.49623.991082.91 Madagascar 128 3.251302.641024.08394.531322.851272.631142.77 Malawi 122 3.351322.571084.03284.63793.821352.411232.63 Malaysia 24 4.95464.8075.42194.8045.60604.18264.90 Mali 129 3.251282.701044.071023.891223.321122.861222.66 Malta 44 4.43424.92314.72544.32364.56215.581262.48 Mauritania 143 2.691412.161383.351413.071412.501232.711312.33 Mauritius 59 4.24544.66254.92524.33264.74633.971132.83 Mexico 60 4.20873.99864.191213.71634.14793.55105.61 Moldova 88 3.82844.081034.07824.111003.70514.381242.60 Mongolia 92 3.76684.37814.23424.481243.22813.541202.73 Montenegro 73 3.99514.68694.34654.24564.26544.281342.16 Morocco 78 3.921043.56584.411113.81694.02783.57564.17 Mozambique 131 3.191382.391163.991043.881263.141222.711013.07 Myanmar 134 3.111352.441303.68724.211392.581442.07703.70 Namibia 97 3.711153.23964.13554.31464.43893.421192.74 Nepal 115 3.431133.251213.911143.80753.901282.61983.10 Netherlands 8 5.2835.9995.34214.73374.5596.00235.07 New Zealand 11 5.2695.7265.4365.2435.73235.55623.89 Nicaragua 118 3.381143.231253.811083.841063.561132.841022.98 Nigeria 82 3.891242.88874.19404.53674.061043.02334.70 Norway 13 5.2485.75244.93134.97105.34 4 6.12504.34 Oman 49 4.32794.17284.81484.39284.69574.24733.65 Pakistan 101 3.641272.761004.081323.43723.991142.83304.75 Panama 55 4.29664.40414.62874.06224.83534.34803.50 Paraguay 112 3.53 1123.27924.161153.79933.741102.93923.29 Peru 62 4.19834.08534.47514.33404.49923.30434.47 Philippines 58 4.27644.45704.32914.03494.37693.78354.68 Poland 32 4.64345.04514.49794.14354.60484.47195.12 Portugal 37 4.57245.37444.58834.091043.65265.42514.32 Puerto Rico 28 4.72275.27204.99464.40214.85374.87603.95 Qatar 20 4.98384.9945.51105.05135.18315.17593.99 Romania 50 4.32584.63894.18904.04644.12474.49454.44 Russian Federation 41 4.49394.96994.09454.421103.50594.1975.77 Rwanda 91 3.771222.98424.6295.08554.26983.141252.52 Saudi Arabia 33 4.64574.64354.68644.25304.66454.54205.10 Seychelles 105 3.58854.04884.18444.441033.65703.731431.46 Senegal 102 3.621193.18684.34684.23853.80963.211042.96 Serbia 80 3.90744.251283.781193.731093.50494.45713.68 Sierra Leone 136 3.061372.391173.98954.011163.361382.361332.27 Singapore 2 5.6826.0915.6425.6925.8476.09314.71 Slovak Republic 51 4.31564.65664.36973.95394.50524.37584.03 Slovenia 64 4.17255.33614.40993.931332.85335.05813.45 South Africa 43 4.45864.04324.711133.8075.37663.86254.91 Spain 31 4.67295.23754.281003.92913.76275.40145.42 Sri Lanka 75 3.97724.30394.631353.29474.41943.24613.94 Suriname 121 3.351053.501293.741173.741183.35723.711372.08 Swaziland 126 3.321203.18984.091053.86714.001252.661362.09 Sweden 12 5.25145.5917 5.04 204.79125.2536.19364.62 Switzerland 5 5.4945.9885.3915.75115.29105.97394.57 Taiwan, China 16 5.14 125.63115.23324.59184.91305.24175.23 Tajikistan 111 3.53883.971143.99634.251133.401162.831162.76 Tanzania 114 3.431342.451223.90474.39963.721312.51753.61 Thailand 39 4.53594.58304.74664.24344.61653.94225.09 Timor-Leste 141 2.841332.521343.561223.681382.691412.171302.40 Trinidad and Tobago 81 3.90774.191014.08963.97524.33643.961122.87 Tunisia 94 3.74734.281074.031293.511173.35903.38643.87 Turkey 45 4.43504.69434.601313.48584.21554.27165.31 Uganda 110 3.531292.681193.95274.66813.811192.78863.32 Ukraine 67 4.11404.931123.99804.121073.54853.50384.58 United Arab Emirates 14 5.2465.9035.5885.14174.94245.48464.41 United Kingdom 4 5.51195.50135.1655.26155.0726.2865.78 United States 1 5.7175.82165.0545.3095.35165.7816.94 Uruguay 72 4.01494.71574.411343.37873.78464.50893.30 Venezuela 124 3.35704.341442.781442.551312.911062.96404.55 Vietnam 74 3.99963.74784.24494.37903.77993.12344.69 Yemen 139 2.861392.291313.641383.231432.171362.40833.42 Zambia 86 3.85804.16374.65884.06504.371052.991102.88 Zimbabwe 133 3.121183.181333.581373.251123.441092.951322.31 Note: Ranks out of 144 economies and scores measured on a 1-to-7 scale. © 2014 World Economic Forum
  • 8. 1.1: The Global Competitiveness Index 2014–2015 20 | The Global Competitiveness Report 2014–2015 PILLAR INNOVATION AND SOPHISTICATION FACTORS 11. Business sophistication 12. Innovation Country/Economy Rank ScoreRankScoreRankScore Albania 114 3.171043.611202.73 Algeria 133 2.911313.221282.60 Angola 144 2.361442.611422.12 Argentina 96 3.37963.69973.04 Armenia 100 3.34933.731042.95 Australia 26 4.55284.70254.41 Austria 14 5.1175.41184.82 Azerbaijan 72 3.59803.86593.33 Bahrain 55 3.83454.35603.32 Bangladesh 122 3.021183.451292.58 Barbados 47 3.92534.28473.56 Belgium 12 5.11105.34134.89 Bhutan 111 3.221073.581132.85 Bolivia 94 3.381033.61833.15 Botswana 110 3.221163.471022.97 Brazil 56 3.82474.32623.31 Bulgaria 106 3.271053.611052.94 Burkina Faso 128 2.951363.001072.89 Burundi 137 2.681392.911332.46 Cambodia 116 3.151113.521162.79 Cameroon 84 3.47983.68713.27 Canada 24 4.72234.90224.54 Cape Verde 109 3.231143.481012.98 Chad 141 2.551432.771392.34 Chile 49 3.88554.23483.54 China 33 4.14434.38323.91 Colombia 64 3.65624.08773.21 Costa Rica 35 4.13324.49343.78 Côte d'Ivoire 86 3.471003.66693.28 Croatia 87 3.47833.83933.10 Cyprus 38 4.06404.41363.72 Czech Republic 36 4.07354.46393.67 Denmark 9 5.19115.33115.06 Dominican Republic 90 3.44733.921032.96 Egypt 113 3.18953.701242.65 El Salvador 45 3.96374.43513.50 Estonia 34 4.14484.32303.95 Ethiopia 119 3.091273.321092.87 Finland 3 5.5795.3615.78 France 19 4.86224.98194.74 Gabon 131 2.931333.181222.68 Gambia, The 79 3.52713.93893.11 Georgia 118 3.101133.491212.71 Germany 4 5.5635.6565.47 Ghana 68 3.62703.94633.31 Greece 74 3.55743.91793.18 Guatemala 62 3.68524.29953.07 Guinea 142 2.551412.851412.25 Guyana 60 3.69683.97553.42 Haiti 140 2.611382.941402.28 Honduras 70 3.61644.00743.23 Hong Kong SAR 23 4.75165.13264.38 Hungary 67 3.62923.75503.50 Iceland 28 4.43294.67274.19 India 52 3.86574.18493.53 Indonesia 30 4.20344.47313.93 Iran, Islamic Rep. 102 3.33 110 3.52863.13 Ireland 20 4.85205.02204.68 Israel 10 5.16264.7635.56 Italy 29 4.26254.79353.73 Jamaica 71 3.60673.98753.22 Japan 2 5.6815.8245.54 Jordan 42 4.02424.40413.64 Kazakhstan 89 3.45913.77853.14 Kenya 40 4.03444.38383.69 Korea, Rep. 22 4.78274.73174.83 Kuwait 95 3.38763.901112.86 Kyrgyz Republic 126 2.961193.441322.48 Lao PDR 80 3.51793.87843.14 Latvia 61 3.68614.09703.27 Lebanon 101 3.33753.911192.75 Lesotho 117 3.121233.371102.87 Table 7: The Global Competitiveness Index 2014–2015: Innovation and sophistication factors PILLAR INNOVATION AND SOPHISTICATION FACTORS 11. Business sophistication 12. Innovation Country/Economy Rank ScoreRankScoreRankScore Libya 143 2.491353.011441.98 Lithuania 44 3.97494.31443.62 Luxembourg 18 4.93215.00164.85 Macedonia, FYR 76 3.53893.78683.28 Madagascar 105 3.271173.46943.09 Malawi 115 3.171083.541152.80 Malaysia 17 4.95155.24214.67 Mali 97 3.361023.62923.10 Malta 41 4.03364.45453.60 Mauritania 138 2.631422.851362.41 Mauritius 53 3.85334.48763.22 Mexico 59 3.73584.14613.31 Moldova 129 2.941243.351312.53 Mongolia 112 3.201153.471062.94 Montenegro 77 3.53973.69583.37 Morocco 82 3.50783.88903.11 Mozambique 120 3.051253.341182.76 Myanmar 139 2.621402.901382.34 Namibia 91 3.41943.72913.10 Nepal 124 2.981263.341262.62 Netherlands 6 5.4155.5785.25 New Zealand 25 4.61244.80234.42 Nicaragua 125 2.981293.281232.68 Nigeria 103 3.30873.781142.82 Norway 16 5.08135.30154.85 Oman 58 3.76564.23643.29 Pakistan 83 3.48813.85883.12 Panama 46 3.95544.24403.65 Paraguay 132 2.921213.391342.44 Peru 99 3.34723.931172.76 Philippines 48 3.90464.33523.48 Poland 63 3.66634.06723.26 Portugal 31 4.19514.29284.08 Puerto Rico 27 4.52185.08293.96 Qatar 15 5.09125.31144.88 Romania 78 3.53903.77663.28 Russian Federation 75 3.54863.79653.29 Rwanda 66 3.64843.83533.46 Saudi Arabia 32 4.19304.57333.80 Seychelles 69 3.62663.99733.25 Senegal 65 3.65773.90573.39 Serbia 121 3.051323.211082.89 Sierra Leone 130 2.931283.281302.58 Singapore 11 5.13195.0795.18 Slovak Republic 73 3.59654.00783.18 Slovenia 50 3.88594.11423.64 South Africa 37 4.07314.49433.64 Spain 39 4.06384.42373.69 Sri Lanka 43 4.00394.42463.57 Suriname 123 3.001223.391272.60 Swaziland 108 3.251013.631122.86 Sweden 7 5.3885.3875.37 Switzerland 1 5.7425.7925.70 Taiwan, China 13 5.11175.12105.10 Tajikistan 81 3.50823.83803.17 Tanzania 107 3.261123.49983.03 Thailand 54 3.84414.40673.28 Timor-Leste 136 2.69 1372.971352.41 Trinidad and Tobago 88 3.47693.941002.99 Tunisia 93 3.40883.78993.01 Turkey 51 3.86504.31563.42 Uganda 104 3.301093.53963.06 Ukraine 92 3.41993.66813.16 United Arab Emirates 21 4.83145.25244.41 United Kingdom 8 5.2165.45124.96 United States 5 5.5445.5855.49 Uruguay 85 3.47853.79823.15 Venezuela 135 2.711343.041372.39 Vietnam 98 3.351063.58873.12 Yemen 134 2.771203.431432.11 Zambia 57 3.76604.10543.42 Zimbabwe 127 2.951303.281252.63 Note: Ranks out of 144 economies and scores measured on a 1-to-7 scale. © 2014 World Economic Forum