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Thursday, 10 October 2019

Egypt ranks 93 out of 140 countries on the World Economic Forum’s Global Index

Egypt ranked 93rd out of 140 countries on the World Economic Forum’s 2019 Global Competitiveness Index, rising one place from last year’s ranking of 94.

Where we’ve improved: Egypt is on a general upward trajectory, with our institutions, infrastructure, labor market, financial system, business dynamism, and innovation capability all receiving higher scores than last year. Readings for the burden of government regulation and corruption have improved — areas that were faring worse last year than in previous years. Where we’re really doing well is in the government’s responsiveness to change and long-term vision, as well as energy regulation — new areas where we rank very highly. We also score highly for SME financing and the growth of innovative companies. As we noted last year, Egypt has a significantly larger market size than the regional average.

Where we haven’t: Egypt’s ranking for macroeconomic stability continues to fall, and both this and ICT adoption are well below the market average. We are ranked 124, close to the bottom of the 141 participating countries, for the cost of starting a business. We also don’t fare well for trade openness. While the report cites the skill level of the labor market as having improved from last year, we don’t score highly at all for critical thinking in teaching.

You can download the report in full here (pdf).

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