Greece gained five places in the global list of countries according to the Global Competitiveness Report 2013-2014 of the World Economic Forum, ranking 91st among 148 countries, up from 96th among 146 countries last year.
Greece΄s rating was 3.93, based on a scale from 1-7, reflecting its performance in 12 indexes: institutions, infrastructure, macro-economic environment, health and education, higher education and vocational training, efficiency in product markets, efficiency in labor market, financial market development, technological readiness, market size, business expertize and innovation.
According to AMNA, Greece moved higher in the international listing in the sectors of health and education (35th place), infrastructure (38th), technological readiness (39th), higher education and vocational training (41st) and market size (47th).
It ranked below average in the sectors of business expertize (83rd) and innovation (87th), institutions (103rd) and product market efficiency (108th), while it ranked low in the sectors of macro-economic environment (147th), financial market development (138th) and labor market efficiency (127th).
Access to funding (22 pct), bureaucracy (21.2 pct), tax arrangements (14.5 pct), lack of policy stability (12 pct), tax rates (9.8 pct), corruption (6.9 pct) and labor market restrictions (5.2 pct) were quoted as the most problematic factors in business activity.
Switzerland, Singapore and Finland were the top three countries in the WEF list of competitiveness. Germany ranked fourth (from sixth), followed by the US, Sweden, Hong Kong, Holland, Japan and the UK.