B&H in 87th Position in the World in Terms of Competitiveness

economicThe government of B&H at today’s session, held in Sarajevo, adopted the report on the competitiveness of B&H, which was presented by experts of the Faculty of Economics and Institute of Economics in Sarajevo. This publication appeared for the first time in 2000. The report on global competitiveness is the basis for the assessment of B&H competitiveness. The report on global competitiveness is being published since 1979 and the World Economic Forum from Davos is the author of this publication.

B&H is ranked as the 87th country (out of 148 countries in the world) at this year’s report. A small shift of one position has been made in comparison to last year. B&H was ranked in 88th position(out of 144 countries) in the report of 2012-2013, while one year earlier it was positioned as 100 out of 142 countries.

The Index of a country competitiveness can be classified based on 12 indicators, which are categorized according to the specific importance of the stages of competitiveness development. The factors of the first stage of development are: institutions, infrastructure, macro-economic conditions, health and primary education. Factors of the second stage of development are higher education and training, labor market efficiency, financial market development, technological readiness and market size. Factors of the third stage of development are business sophistication and innovations.

B&H is in the second phase of development.

 (Source: Dnevni Avaz)

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