Serbia drops to 101st place on competitiveness list

BELGRADE The 2013 World Economic Forum report shows that Serbia ranks 101st on the list of global competitiveness which covers 148 countries. This constitutes a drop by six positions relative to the previous year, the Foundation for Economic Science released on Wednesday. Serbia drops to 101st place on competitiveness list In 2013, Serbia's Global Competitiveness Index (GCI) totalled 3.77, and this constitutes a 0.1 drop, which brought the country from the 95th to the 101st place on the list. Unlike in the previous year, when GCI dropped slightly by 0.01, this year's drop could be characterised as significant as the 2013 GCI represents the historical minimum in the seven-year period, from 2007 to 2013. Viewed in the international context, the 101st position unambiguously represents a historical minimum in Serbia's ranking, the Foundation released. Serbia recorded the highest GCI ahead of the first crisis wave in 2008, and in 2009 its GCI dropped notably to 3.77. A gradual recovery ensued, and in 2013 Serbia's GCI once more dropped to the level recorded in 2009. Switzerland scored the highest GCI and the first place on the WEF list in 2013, while Chad recorded the lowest GCI, 2.85, and claimed the last place on the list. The second place on the list went to Singapore and Finland took the third place, and the order of the top three rankings has not changed relative to the previous year. Viewed in terms of total competitiveness measured by GCI in 2013, Serbia is at the tail of the group comprising Albania, Bosnia-Herzegovina, Croatia, Greece, Hungary, Macedonia, Montenegro, Romania, Slovakia and Slovenia. (File) Tanjug

Serbia drops to 101st place on competitiveness list

In 2013, Serbia's Global Competitiveness Index (GCI) totalled 3.77, and this constitutes a 0.1 drop, which brought the country from the 95th to the 101st place on the list.

Unlike in the previous year, when GCI dropped slightly by 0.01, this year's drop could be characterised as significant as the 2013 GCI represents the historical minimum in the seven-year period, from 2007 to 2013.

Viewed in the international context, the 101st position unambiguously represents a historical minimum in Serbia's ranking, the Foundation released.

Serbia recorded the highest GCI ahead of the first crisis wave in 2008, and in 2009 its GCI dropped notably to 3.77. A gradual recovery ensued, and in 2013 Serbia's GCI once more dropped to the level recorded in 2009.

Switzerland scored the highest GCI and the first place on the WEF list in 2013, while Chad recorded the lowest GCI, 2.85, and claimed the last place on the list. The second place on the list went to Singapore and Finland took the third place, and the order of the top three rankings has not changed relative to the previous year.

Viewed in terms of total competitiveness measured by GCI in 2013, Serbia is at the tail of the group comprising Albania, Bosnia-Herzegovina, Croatia, Greece, Hungary, Macedonia, Montenegro, Romania, Slovakia and Slovenia.