WEF The Global Competitiveness Index
Global Competitiveness Index is created for the World Economic Forum by Professor Xavier Sala-i-Martin and for the first time was published in 2004.
The index is composed of 12 pillars of competitiveness that characterize in detail the competitiveness of countries at different levels of economic development. These pillars are as follows: “Institutions”, “Infrastructure”, “Macroeconomic stability”, “Health and primary education”, “Higher Education and Training”, “Goods Market Efficiency”, “Labor market efficiency”, “Financial market sophistication”, “Technological readiness”, “Market size”, “Business sophistication” and “Innovation”.
For each of the economies covered by the study, the report contains detailed descriptions of the country and the national economy with details of the outcome of the overall position in the rankings and the most prominent competitive advantages and disadvantages that have been identified on the basis of the analysis used for the calculation of the index. The report also contains a section with detailed statistical tables of rankings on various indicators.