10 Most Globally Competitive Sub-Saharan African Countries
Sub-Saharan African countries have been working hard to improve their economies and become more globally competitive as a result. The World Economic Forum’s Global Competitiveness Index takes into consideration a myriad of factors driving productivity and prosperity in 140 countries, which represent 98.3 per cent of the world’s GDP.
The Global Competitiveness Report uses 12 pillars of the index to decide the ranking for all considered nations. The 12 pillars are institutions, infrastructure, macro-economic environment, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation.
In the overall 2015-2016 ranking Switzerland remained number one for the seventh year running, while Singapore and the United States remain second and third respectively. In Africa it is interesting to note a few changes, and see which countries rank highest according to the World Economic Forum.
We take a look at the 10 Sub-Saharan African countries that finished highest on the Global Competitiveness Index in 2015.
Sign up for the Moguldom newsletter — business news you need to know about economic empowerment for the digital age, delivered to your inbox.