Russia climbs 11 places on new Global Competitiveness Report

Russia was rated as the 53rd most competitive country, up 11 places from 64th place in 2013, in the World Economic Forum’s annual competitiveness ranking published Wednesday.The Global Competitiveness Report 2014 – 2015 assesses the competitiveness landscape of 144 economies.

The report contains a detailed profile for each of the economies included in the study, as well as an extensive section of data tables with global rankings covering over 100 indicators.

On top of the ranking list we find Switzerland, Singapore, USA, Finland and Germany.

At about the same level as Russia the report is listing countries like Italy, South Africa, Brazil and Cyprus.

Russia’s competitive strengths are a well-educated population, high levels of ICT use and a solid potential for innovation. However, Western sanctions and potential disruptions to the gas trade could affect the country’s competitiveness, the report stated.

Source: RIA Novosti, WEF Global Competitiveness Report