Azerbaijan has moved up 11 spots to rank 58th in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum (WEF).
According to the report, Armenia ranks 69th (61.3 points), while Georgia 74th (60.6 points). Singapore, the United States, Hong Kong (China), the Netherlands and Switzerland topped the list of 141 economies which are presented in the report.
Azerbaijan has improved its position in pillars as labor market, business dynamism, food market, infrastructure, skills, public institutions, and innovative potential.
The 2019 Global Competitiveness Report maps the competitiveness landscape of 141 economies through 103 indicators organized into 12 themes.