Morocco ranked 1st in North Africa by the Global Competitiveness Index

Morocco is ranked 75th by the Global Competitiveness Index, published on Tuesday 16th of October and conducted by the World Economic Forum.

Covering 140 economies and measuring institutions, policies and factors that determine the level of productivity, the report granted the Kingdom 58.5 points out 100 for its economy’s 2018 performance.

Morocco managed to better its score in the yearly report compared to last year, when it was ranked 77th.

Indeed, the North Africa Kingdom tops the North African region, positioned ahead of neighboring countries, including Tunisia 87th, Algeria 92nd, Egypt 94th and Mauritania 131st.

Ranked 4th in Africa

In Africa, Morocco is ranked 4th behind Mauritius 48th, South Africa 67th, and Seychelles 74th.

In the Arab World, the Kingdom, however, is ranked behind the United Arab Emirates 27th, Qatar 30th, Saudi Arabia 39th, Oman 47th, Bahrain 50th, and Kuwait 54th. Meanwhile, the country’s economy tops other nations in the region such as Lebanon 80th and Yemen 139th.

Global Competitiveness Index has based its evaluation on 12 sub-indexes to give an overview of countries capability of providing high levels of prosperity to their citizens.

Morocco was ranked 75th in the institutions sub-index, 54th for the Infrastructure one and 47th in the macroeconomic stability index.

Morocco performed the worst in the labor market 119th, business dynamism 99th, ICT adoption 93rd and Innovation capacity 78th sub-indexes.

According to the authors of the report «the results of the GCI 4.0 reveal the sobering conclusion that most economies are far from the competitiveness 'frontier'—the aggregate ideal across all factors of competitiveness».

«We find that countries have a mixed performance across the twelve pillars of the index and that long-standing developmental issues—such as the lack of well-functioning institutions— continue to be a source of friction for competitiveness», wrote the Index, adding that «yet there are bright spots—in the form of economies that outperform their peers and present valuable case studies for learning more about methods to implement the factors of competitiveness».

The global ranking was topped by the United States 1st, Singapore 2nd, Germany 3rd, Switzerland 4th, Japan 5th.