Angola part of world competitiveness ranking for first time, but in last place

27 September 2006

Geneva, Switzerland, 27 Sept – Angola is the least competitive in a list of 125 world economies drawn up by the World Economic Forum, which was published Tuesday and which included the West African country for the first time.

The global competitiveness list, drawn up every year based on publicly available figures and the results of an opinion survey of executives all over the world, classified Angola in 125th position, below Burundi, Chad , East Timor and Mozambique.

The study by the Geneva-based organization gathers information about the biggest competitive advantages and disadvantages of each country, on a list that is headed this year by Switzerland.

Despite being in the last place of the list overall, Angola’s position improves when issues such as quality and efficiency of the institutions or the existence of infrastructures, in which it occupies 111th and 113th place, respectively.

The efficiency of markets, technological readiness and innovation are also criteria in which Angola improved slightly, to 120th and 121st places.

Health and education, both on a primary and higher level, are weaker points for Angola according to the Global Competitiveness report.

Mozambique and East Timor fell on the list of global competitiveness this year due to the first time inclusion of countries such as Burkina Faso, Zambia, Mauritania, Lesotho and Nepal.

Mozambique fell from 112th to 121st place this year, followed by East Timor which was ranked 122nd, after being in 113th place on last year’s list. (macauhub)