APS : WEDNESDAY 27 SEPTEMBER 2017
ALGIERS- Algeria has ranked 86th in terms of competitiveness for the year 2017-2018, according to the Global Competitiveness Report published by the World Economic Forum, located in Geneva.
The report is an annual assessment of the factors favouring production, prosperity and economic development in 137 countries.
The document underlines that after one decade of global financial crisis, the sector of finance still remains weak. However, other countries succeeded in taking advantage of innovation, according to the report.
Algeria has gained one place after being ranked 87th in 2016, said the report which points out that in 2014, 2013 and 2012 it ranked 79th, 100th and 110th, respectively.
The assessment criteria of education and teaching contributed to the improvement of Algeria’s ranking, notably concerning the rate of children enrolment in schools (51st), the rate of pupils in training centres at the secondary cycle (47th).
The importance of the market has also contributed to the improvement of the ranking (36th place worldwide), although some indicators are still having negative impact on the Algerian economy’s competitiveness, notably transparency, the adopted policies (121st place worldwide), the efficiency of administrative and company advice (135th), quality of airport infrastructures (107th place), budget deficit (127th place) and rule applied to direct foreign investments (131st).