WEF upgrades Azerbaijan on global competitiveness
Azerbaijan was upgraded by nine points to 46th spot in the global competitiveness rating compiled by the Geneva-based World Economic Forum.
WEF's annual survey, released on Wednesday, ranks 144 countries by examining 113 indicators culled from official data sources and a poll of 15,000 executives who opine on the country where they do business.
According to the report, Azerbaijan is the leader in CIS, while Kazakhstan ranks 51st, Russia 67th, Ukraine 73rd and Armenia 82nd.
Turkey ranked 43rd, Iran 66th and Georgia 77th.
Switzerland ranked as the world's most competitive economy for the fourth year running, while the United States continued a four-year slide down the table.
Switzerland pipped Singapore to the top spot thanks to strong scores in areas such as innovation, labour market efficiency and effective public institutions.
The United States fell from fifth spot to seventh because of political and economic problems that detracted from its status as a global powerhouse of innovation, the study said.
The lowest ranked EU country was Greece, at 96th. But it was rock bottom - 144th out of 144 - for its macroeconomic environment.
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