Cape Verde is most competitive Portuguese-speaking African country

18 September 2013

Cape Verde is the most competitive Portuguese-speaking African country, according to a list drawn up by the World Economic Forum in which Switzerland is ranked at number one overall, and by Mauritius, for Africa.

Cape Verde remained in the same place as the previous year and was ranked 122nd out of 148 countries analysed by the WEF for the Global Competitiveness Index (GCI) 2013-2014, which ranked Portugal in 51st place and Brazil in 56th.

Amongst the three Portuguese-speaking African countries covered (Angola, Mozambique and Cape Verde), the archipelago is ranked highest, and also manages the best position for the inflation indicator, and is in the top half of the ranking for indicators such as weight of government regulation, public confidence in politicians and corruption and bribes.

The report shows that Angola had a three-place drop in the ranking compared to the 2011-2012 report, and Mozambique rose by one place, from 138th to 137th place.

Outside Africa, Timor-Leste (East Timor) fell two places against the previous report, and is now in 138th place.

Portugal fell to 51st place in the ranking, in line with a trend that began in the 2005 report, with the exception of 2011.

Switzerland remains at the top of the ranking, followed by Singapore, Finland, Germany – which rose two places – and the United States. (macauhub)