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Nigeria has been ranked as the 115th most competitive economy in the world and 16th most competitive economy in Africa on the World Economic Forum's global competitiveness index for 2018, which was topped by the US in the global level and Mauritius in Africa.



Nigeria's rank rose by 3 places from 2017. On the list of 140 economies, the US is followed by Singapore and Germany at the second and the third positions respectively.

Nigeria was ranked 115th most competitive countries in the world 6th in Africa with a score of 47.5 in the latest Global Competitiveness Report. Meanwhile, neighbouring Ghana was ranked at the 106th position in the overall list and 11th most competitive economy in Africa. They are also the most competitive in Africa.

According to the report, Mauritius ranks 49th globally. With a score of 63.7 out of 100 it achieves the best performance in Africa, in line with 2017.

While South Africa was ranked 67th globally—with a score of 60.8—and attains the second spot in Africa.

According to the report, Nigeria's greatest competitive advantages include its market size, Labour market and business dynamism.

While the areas that the country needs to improve include, innovation capability, ICT adoption, enabling environment component, human capital component and infrastructure.

Countries in the top 5 most competitive African economies include, Mauritius (1st), South Africa (2nd), Seychelles (3rd), Morocco (4th), Tunisia (5th).

The World Economic Forum's Global Competitiveness Index 4.0 is a composite indicator that assesses the set of factors that determine an economy's level of productivity - widely considered as the most important determinant of long-term growth.

The GCI 4.0 framework is built around 12 main drivers of productivity — Institutions, Infrastructure; Technological readiness; Macroeconomic context; Health; Education and skills; Product market; Labour market; Financial system; Market size; Business dynamism; and Innovation.


https://listwand.com/nigeria-ranked-115th-most-competitive-country-in-the-world-16th-in-africa/

See full list Top 20 Most Competitive Economies in Africa

Lalasticlala mynd44

They'll be here as usual.

A country with not less than 70% public sector driven economy can never be competitive.
50-50 is considered a death trap not to talk of 70%

With Buhari at the help of affairs, private sector has further gone down the index.

The worst type of job in this world is white collar job.
It erodes the brain and make those involved lazy thinkers and achievers.

sassysure:
.

The worst type of job in this world is white collar job.
It erodes the brain and make those involved lazy thinkers and under achievers.

True Talk

Even Ghana Ranked pass Us. Bubu must Go back to Daura. Before we drown in a state of abject poverty. God save Us

ecomerceguru:
Even Ghana Ranked pass Us. Bubu must Go back to Daura. Before we drown in a state of abject poverty. God save Us

AMEN BABA