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Kyrgyzstan takes 97th place in Global Competitiveness Index

Kyrgyzstan scored 53 points in the Global Competitiveness Index and took the 97th place. The latest report of the World Economic Forum says.

During the year, the country rose three positions up. The republic has the worst indicators in terms of its ability to innovate (125th place), market volume (124th place) and financial system development (118th place).

Kyrgyzstan has the best indicators in macroeconomic stability (64th place) and public health (98th place).

EEU partners of the republic have more optimistic indicators. Russia takes the 43rd place with 66 points, Kazakhstan — 59th place with 62 points, Armenia — 70th place with 60 points.

Tajikistan has worse performance — 102nd place with 52 points. Belarus, Turkmenistan and Uzbekistan are not listed in the index.

The Global Competitiveness Index is calculated by representatives of the World Economic Forum on the basis of 12 different factors. It reflects the readiness of the states for the fourth industrial revolution, as it records the quality of institutions, spread of information and communication technologies, state of the labor market, financial system, health care and education.

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