In this year's list of competitiveness of the World Economic Forum (WEF), Montenegro was in the 73rd position out of 141 ranked countries.
In the last WEF report, Montenegro took the 71st place out of a total of 140 countries, which means that it has fallen by two positions.
In this year's WEF Report on Global Competitiveness, which the Mina-business agency had insight into, it is stated that Montenegro achieved a result of 60,8.
Singapore, as the leader in the list, has a score of 84,8, and Chad, as the last, has a score of 35,1.
When it comes to infrastructure, Montenegro took the 83rd place, while in terms of technological readiness it was in the 57th position.
When it comes to innovation, Montenegro took the 69th position, and the 50th place according to business dynamics.
According to the development of the financial system, Montenegro was in the 44th position, in terms of macroeconomic stability, in the 104th place, and when it comes to the labor market, in the 26th place.
In terms of market size, Montenegro ranked 134th, and in terms of skills, it ranked 53rd.
When it comes to the region, Serbia is ranked better than Montenegro, which is in 72nd place, Croatia is 63rd, and Slovenia is 35th.
Behind Montenegro came Albania in 81st place, North Macedonia in 82nd, and Bosnia and Herzegovina (BiH) in 92nd.
The most competitive economies in the world, according to the WEF's new report, are Singapore, the United States of America and Hong Kong.
WEF defines competitiveness as a set of institutions, policies and factors that determine the level of productivity of a country.
The methodology is based on the analysis of 12 competitiveness factors, which include institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, labor market efficiency, goods market efficiency, technological readiness, financial market, market size, business sophistication and innovation.
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