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Kazakhstan ranked 51st in global competitiveness rating

06 september 2012, 19:03
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Photo by Yaroslav Radlovskiy©
Photo by Yaroslav Radlovskiy©
World Economic Forum (WEF) ranked Kazakhstan 51st in the annual rating of the global economies’ competitiveness, Tengrinews.kz reports.

“Kazakhstan has moved back up to the 51st place that it held a few years ago. This improvement reflects progress in a number of areas. The most important is that there is an improvement in macroeconomic stability (the country is ranked 16th) and technological readiness (Kazakhstan advanced from 87th to the 55th place).

"Despite the progress achieved, important challenges related to health and primary education (92nd), business sophistication (99th), and innovation (103rd) remain,” WEF report states. Kazakhstan was ranked 72nd in the global competitiveness rating of 2011-2012.

Kazakhstan’s closest neighbors, Russia and China, are ranked 67th and 29th, correspondingly. The list includes economic indicators of 144 countries. Switzerland and Singapore remain the rating’s leaders. They are followed by Finland that was ranked 4th last year. Top 10 countries also include Sweden, the Netherlands, Germany, the U.S. (lost 2 lines compared to 2011), Great Britain, Hong Kong and Japan.

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