Albania slips 11 places in WEF competitiveness ranking.

By bne IntelliNews September 6, 2012
Albania ranked 89 among 144 countries in the 2012-2013 Global Competitiveness Report released by World Economic Forum (WEF). The country was at 78th place out of 142 countries in the previous edition of the report. Albania scored 3.9 points out of 7 as its performance has worsened in all three set of indicators, comprising the overall index - basic requirements, efficiency enhancers and innovation and sophistication factors. Deterioration in the basic requirements enhancers was due to a wakened performance in terms of macroeconomic environment, health and primary education, institution and infrastructure. Among the efficiency enhancers, the evaluation for labour, goods market efficiency and the financial market development deteriorated the most. Regarding the innovation and sophistication factors, the business sophistication deteriorated, while the evaluation of innovation remained unchanged in annual terms. The report also shows that, the inefficient government bureaucracy, the access to financing and corruption continue to be the most problematic areas for doing business in the country. In regional comparison, Albania was outperformed by Montenegro (72nd place), Macedonia (80th place), Croatia (81st place) and Bosnia (88th place).
Global Competitiveness Index 2012-2013
2012 Rank 2012 Score 2011 Rank Change (rank)
Bulgaria 62 4.3 74 12
Montenegro 72 4.1 60 -12
Romania 78 4.1 77 -1
Macedonia 80 4.0 79 -1
Croatia 81 4.0 76 -5
Bosnia and Herzegovina 88 3.9 100 12
Albania 89 3.9 78 -11
Serbia 95 3.9 95 0
Source: World Economic Forum
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