Morocco has been ranked Africa’s fifth best performer in the Global Competitiveness Report issued by the Geneva-based World Economic Forum (WEF.)
At the continental level, Morocco was advanced by Mauritius, South Africa, Rwanda and Botswana in the Index that examines the determinants of long-term growth in a total of 138 countries.
Globally, Morocco gained two notches taking the 70th position in the Report which ranks Switzerland as the world’s top competitive economy, followed by Singapore and the United States, in the second and third places respectively.
The Global Competitiveness Report, issued since 1979, assesses the ability of countries to provide high levels of prosperity to their citizens, depending on how productively a country uses available resources.
The Report uses a global competitiveness index which measures factors such as macroeconomic stability, infrastructure, labor market efficiency, market size, business and financial market sophistication and technological readiness.
