Egypt ranks 116th out of 140 countries in
the 2015 – 2016 Global Competitiveness Report. Economists see this as only a
slight improvement from last year when Egypt ranked 119th out of 144.The Global Competitiveness Report (GCR)
is a yearly publication by the World Economic Forum (WEF) studying factors that
affect the productivity of a country, which in turn determines the level of
prosperity...
of its people. Competitiveness is measured by assessing a number of
indicators, called the 12 pillars of competitiveness, grouped into three main
groups: basic requirements, efficiency enhancers, and innovation and
sophistication factors. The Global Competitiveness Index (GCI) uses a scale of
one to seven to assess the overall performance of a country in the 12 pillars
of competitiveness; Egypt scored 3.7 in the current report as compared to 3.6
in 2014 – 2015.
With the UAE ranking 17th in the GCR,
Kuwait ranking 34th, Jordan ranking 64th, Tunisia ranking 92nd and Lebanon
ranking 101st, Egypt’s overall rank is considered poor not only globally but
also on the regional level.
