At the end of September 2017, the World Economic Forum published a new edition of its comparative study on the competitiveness of countries around the world: the Global Competitiveness Report.
The purpose of this report is to assess:
- The potential of global economies to achieve sustained medium- and long-term growth;
- The competitiveness landscape of 137 economies, based on the Global Competitiveness Index, offering a unique insight into the drivers of their productivity and prosperity.
Competitiveness is defined in this study as « the set of institutions, policies and factors that determine the level of productivity of a country ».
This study takes into account the fact that the analyzed countries are not all at the same level of economic development and the relative importance of the various factors of competitiveness is therefore a function of the starting conditions.
The degree of competitiveness of the 137 countries around the world is measured on the basis of 114 indicators, divided into twelve pillars and three subindexes:
- Basic competitiveness requirements (institutions, infrastructure, macroeconomic environment, health & primary education);
- Efficiency factors (higher education and training, goods market efficiency, labor market efficiency, financial market development, technological readiness, market size);
- Innovation and sophistication factors (business sophistication, innovation).
Based on these indicators, the authors calculate a composite index called Growth Competitiveness Index (GCI) to rank countries on a scale of 1 (least competitive) to 7 (most competitive).
This composite index is constructed on the basis of a combination of statistical data and a qualitative opinion survey conducted annually among business leaders. This survey is carried out in collaboration with a network of Partner Institutes, including Congo-Invest Consulting for the DRC.
In this edition of 2017, the world ranking is led by Switzerland (5.86/7), the United States (5.85/7), and Singapore (5.71/7). The first African country is Mauritius; it ranks 45th in the world (4.5/7) and the second is Rwanda, 58th in the world (4.3/7). The DRC ranks 126th (3.3/7). It should be noted that the DRC is in its second participation.
Here is the ranking of all African countries studied:
|14-Senegal||(112nd)||14- Cape verde||(110th)|
|28-DR Congo||(129th)||28-DR Congo||(126th)|
|30-Sierra Leone||(132nd)||30-Sierra Leone||(130th)|
The Ivory Coast and Gabon were not evaluated in 2017-2018.
Source: WEF (2017)
The DRC’s ranking in the basic pillars is as follows:
For its first participation, the DRC occupied the 129th position out of 138 economies in the overall classification, with the score of (3.3 / 7).
1st pillar: The basic requirements for competitiveness: the DRC ranks 128 with a score of 3.3 / 7: the country ranked 117th for institutions, 138th for infrastructure, 64th for infrastructure, macroeconomic environment and 135th place for health and primary education;
Pillar 2: Efficiency factors: the DRC ranks 127th: The DRC is 128th for higher education and professional training, 127th for the efficiency of the goods market, 53rd for the efficiency of the labor market, 117th for the development of financial markets, 134th for technological adoption and 95th place for market size;
3rd pillar: The factors of innovation and sophistication, the DRC occupies the 125th place, divided as follows: 132nd place for the degree of sophistication of companies and 115th for innovation.
Overall, the DRC ranks 126th out of 137 countries with one (3.2/7) in the world ranking
1st pillar: The basic requirements for competitiveness, the DRC ranks 129th; 121st place for institutions, 127th place for infrastructure, 123rd for the macroeconomic environment and 126th place for health and primary education.
Pillar 2: Efficiency factors, the DRC ranks 126th. For higher education and professional training, the DRC is 127th. For the efficiency of the goods market, the DRC occupies 130th place, 59th for the efficiency of the labor market, 127th for the development of the financial markets, 127th for technological adoption and 93rd for the size of the market.