The latest Global Competitiveness Report paints a gloomy picture, yet it also shows that those countries with a holistic approach to socio-economic challenges, look set to get ahead in the race to the frontier. WEF said.
The report surveyed 13,000 business executives across the 141 economies covered of 61 points, highlighting deep uncertainty and lower confidence.
Despite emerging as the overall competitive region in sub-Saharan Africa, Mauritius also became the 52nd most competitive economy in the world.
Other strong economies in Africa, South Africa became second (60th position in the world) while Nigeria is the 16th (116th in the world) most competitive in the region.
Here's a look at the how the top African economies performed this year:
- Africa: 1
- World: 25
- Competitive ranking: Rank: 64.3
- Africa: 2
- World: 60
- Competitive ranking: 62.4
- Africa: 3
- World: 75
- Competitive ranking: 60.0
- Africa: 4
- World: 76
- Competitive ranking: 59.6
- Africa: 5
- World: 87
- Competitive ranking: 56.4
- Africa: 6
- World: 89
- Competitive ranking: 56.3
- Africa: 7
- World: 91
- Competitive ranking: 55.5
- Africa: 8
- World: 93
- Competitive ranking: 54.5
- Africa: 9
- World: 94
- Competitive ranking: 54.5
- Africa: 10
- World: 95
- Competitive ranking: 54.1
- Africa: 11
- World: 100
- Competitive ranking: 52.8
- Africa: 12
- World: 111
- Competitive ranking: 51.2
- Africa: 13
- World:112
- Competitive ranking: 50.8
- Africa: 14
- World: 113
- Competitive ranking: 49.7
- Africa: 15
- World: 114
- Competitive ranking: 48.9.
