HOMEPAGE

Business

 

Czechia drops to 32nd place in WEF Global Competitiveness Report

 
photo:  (radio.cz)
 

The Czech Republic has dropped by three positions to 32nd place in the World Economic Forum’s 2019 Global Competitiveness Report. Despite that, Czechia remains the most competitive economy in Central Europe, suggests the rating. It finished behind Estonia, but ahead of the other Visegard Four countries, Poland, Slovakia, and Hungary.

 

Singapore tops the list of most competitive countries in the world, followed by the United States, Hong Kong and the Netherlands. On the other end of the scale are Sub Saharan African countries, including Mauritania, Venezuela and Madagascar.

The least competitive economies among EU member states are Croatia (62nd worldwide), Greece (59th), Romania (51st) and Bulgaria (49th).

The annual WEF competitiveness ranking, which has been released since 1979, compares 141 economies around the world. It analyses “the set of institutions, policies and factors” that determine the country’s overall level of productivity based on twelve pillars, including infrastructure, ICT adoption, macroeconomic stability, health and labour market.

On a scale from 0 to 100, each indicator shows how close an economy is to the ideal state of competitiveness. The Czech Republic received 70.9 points, compared to Singapore with 84.8 points.

The Czech Republic fared particularly well in the area of macro-economic stability, where it is ties at 1stt position in the world with a number of other countries. It also scored well in the areas of human capital skills, and innovation capability.

Among the indicators that hurt the Czech Republic’s rating is the situation on the labour market. The country is one of the least flexible in hiring foreign workers, ranking 116th worldwide. In terms of internal labour mobility, Czechia placed 133rd .

The report also states that the Czech Republic is not sufficiently prepared for a digital future. The skills of the future workforce, including critical thinking, put the Czech Republic in the 72nd spot worldwide.

Overall, the WEF report outlines grim prospects for the world economy and notes that “ten years on from the global financial crisis, the world economy remains locked in a cycle of low or flat productivity”.

 
 
Autor: Český rozhlas Radio Praha
 
Datum: 16.10.2019
 
 
 

Mehr zum Thema

 
Business
 
 

EU-Klimaneutralität: Prag setzt...

Auch Tschechien hat sich zu dem Ziel bekannt, die EU bis 2050 klimaneutral zu machen. Die Zustimmung sei...

 
 
Business
 
 

Umfrage: Ausgaben für...

Die Tschechen geben immer mehr für Weihnachtseinkäufe aus. Die Gesamtsumme, die sie im Durchschnitt in...

 
 
Business
 
 

Siemens schließt bis Ende 2020 OEZ...

Der deutsche Technologiekonzern Siemens wird bis zum Ende des kommenden Jahres das OEZ-Werk im...

 
 
Business
 
 

Tschechen reisen wieder zum Urlaub...

Die Tschechen entdecken derzeit Ägypten als Urlaubsziel wieder. Das liegt an der besseren Sicherheitslage...

 
Favoriten

Die Geschichte der bildenden Kunst

Was geschah in der bildenden Kunst am Wendepunkt der böhmischen Geschichte…

Klima

Tschechische Republik ist ein Binnenland, das in der milden Breite der…

Große Entdeckungen der Gegenwart

In den letzten Jahrzehnten wartete die tschechische Wissenschaft mit vielen…

Tschechisch

Tschechisch gehört zur Gruppe der westslawischen Sprachen. Aus einer anderen…