World Economic Forum highlights Nicaragua´s improvements in the Global Competitiveness Index
Nicaragua presented important advances made in the country in the Global Competitiveness Index Report 2016 – 2017 recently presented by the World Economic Forum
Managua, Nicaragua; October 5th, 2016
Nicaragua presented important advances made in the country in the Global Competitiveness Index Report 2016 – 2017 recently presented by the World Economic Forum. In this edition, the report studied 138 countries and compared them by analyzing variables such as: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, among others. The country´s ranking for the period 2016 – 2017 was 103 out of 138 with a score of 3.8, making an improvement of 5 points in the ranking compared with the previous year (108/140).
One of the indicators of which the country obtained and excellent score was “Government instability as one of the most problematic factors for doing business”. In this indicator, the country obtained a score of 0.0, the lowest in Latin America, which indicates a positive perception by the surveyed in towards the government. Furthermore, the indicator of “crime and theft as one of the most problematic factors for doing business” also showed improvements, confirming Nicaragua as the safest country in America.
Another interesting fact pointed out by the report is “Organized crime as one of the most problematic factors for doing business”, where Nicaragua is 29th in the ranking (out of 138), with a score of 5.7 out of 7, becoming the country with the lowest perception of organized crime in America.
Published by the World Economic Forum since 1979, the Global Competitiveness Index measures the ability of countries to provide high levels of prosperity to its citizens. At the same time, this ability depends of how productive the country is with the available natural resources. As a consequence, the index measures a set of political institutions and factors that define the levels of sustainable economic prosperity.
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