Slovenia Stays #35 in Global Competitiveness Rankings

By , 10 Oct 2019, 14:00 PM Business
Slovenia Stays #35 in Global Competitiveness Rankings Screenshot from the report

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STA, 9 October 2019 - Slovenia remained 35th in the latest World Economic Forum's Global Competitiveness Report, scoring 70.2 points on a scale from 0 to 100, up from 69.6 points last year. It ranks just behind Portugal and ahead of Saudi Arabia, while Singapore claimed the throne of the most competitive among 141 countries.

Slovenia received the maximum 100 points for its macroeconomic stability and scored 90 points for the situation in the health sector to rank 36th.

In infrastructure, it received 78 points, which earned it 33rd place, and ranked 26th in labour force know-how and skills (75 points).

Slovenia was given the lowest score, 48 points, for the size of its market (82nd place), followed by innovation ability (58 points and 28th place) and product market (62 points and 30th place).

The country improved its overall performance calculated from 12 pillars, by 0.6 points compared to 2018, when it climbed 13 spots due to changes in the methodology.

The list was bottomed by Chad, while Singapore took over the top post from the US, which dropped to the second place because of trade wars led by its President Donald Trump. Hong Kong is third, followed by the Netherlands and Switzerland, which topped the list in 2017.

Germany lost four places to rank 7th and the UK lost one spot to place 9th.

The average score of the 141 countries involved in the survey this year is 61 points.

A PDF of the full report can be found here

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