Global competitiveness ranking In the Eastern Africa

(HornTrade) – The Global Competitiveness Index 2010-2011 rankings and 2009-2010 comparisons

Kenya      106 out of 139
Tanzania  113 out of 139
Zambia     115 out of 139
Uganda     118 out of 139
Ethiopia    119 out of 139
Malawi     125 out of 139
Djibouti     N/A
Somalia    N/A
Sudan       N/A

Switzerland is ranked as the most competitive country to do business followed by Sweden, Singapore and the United States. Tunisia (37/139) ranks as the most competitive in Africa followed by South Africa (54/139) and Mauritius (55/139).

The top five most problematic factors for doing business in Africa are Foreign currency regulations, Access to financing, Inflation, Inefficient government bureaucracy and Corruption.

The Global Competitiveness Index (GCI), developed for the WEF by Columbia University economics professor Xavier Sala-i-Martin, is based on “12 pillars of competitiveness” – institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation.

The rankings are calculated from publicly available data and the WEF’s Executive Opinion Survey, which polled 13,500 business leaders in 139 economies

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