Nigeria has moved up 10 places to rank 115th in this year’s Global Competitiveness Index (GCI 4.0). The global competitiveness report is a publication of the world economic forum which ranks 140 countries in their level of global competitiveness.
Indices considered for the ranking include enabling environment, human capital, markets and innovation ecosystem.
GCI 4.0 looks at the level of competitiveness a country has attained in terms of it’s institutions, policies and other factors that determine productivity. According Klaus Schwab, editor of GCI 4.0, this year’s ranking demonstrate a strong correlation between competitiveness and income levels.
In Africa, Mauritius (49th) is Africa’s best economy in terms global competitiveness, while Chad (149th) brings up the rear globally.