Europese topper: Germany
Aantal landen opgenomen in de ranking: 140
The World Economic Forum’s Global Competitiveness Index measures the performance of 140 countries on 12 pillars of competitiveness. They approximate competitiveness as those factors and institutions that facilitate improvements in productivity, thus enabling long-term growth and prosperity.
These pillars are divided into 3 subindexes with varying weights and compositions: basic requirements, efficiency enhancers, and innovation & sophistication factors.
Our 21th rank places us notably below our neighbours and main trade partners, since last year even France (17 up from 22) performs. The main malefactors are government debt (as the next item will show), budgetary deficits, a rigid labour market, low levels of trust in our financial institutions, and a shortage of scientists & engineers. On the other hand, our education system, capacity for innovation, and business sophistication shine amongst the global elite.
The Netherlands perform admirably well with a sixth place, showcasing excellent results throughout the different metrics. Out of the 12 subindexes their lowest score is a 21th slot for market size.