Tunisia Falls 51 Spots in 3 Years in Global Competitiveness Ranking
13 September 2013
Read by 1493 persons
Tunisia ranked 83rd out of 148 countries in the 2013-2014 Global Competitiveness Report, losing 43 spots compared to the 2011-2012 ranking (40th) and 51 compared to the 2010/2011 ranking (32nd).
Absent from last year's ranking, "due to a significant structural change in the data, which made comparisons with past years difficult," Tunisia rejoined the ranking of the 2013/2014 Global Competitiveness Report, published Wednesday by the World Economic Forum in Davos.
Tunisia occupies 6th place in Africa, after having long occupied 1st place, and 9th place in the Arab world. But while in the Arab world, Tunisia is ahead of Yemen (148th), Egypt (118th), Libya (108th) and Algeria (100th), it is however far behind Morocco (77th), Jordan (68th) and Bahrain (43rd), and very far behind Saudi Arabia (20th), the United Arab Emirates (19th) and Qatar (13th).
"This is a disappointing ranking even if it was expected," said Ahmed Bouzguenda, president of the Arab Institute of Business Leaders (IACE). He added: "Political stability, security, terrorism and the evolution of the financial market were among the indicators that negatively influenced Tunisia's score in this report." And which, consequently, will have a negative impact on the decision of foreign investors that our country hopes to attract to boost growth and job creation.
Referring to Tunisia's ranking by the World Economic Forum in Davos, Ridha Saidi, Minister in charge of Economic Issues, admitted that the security, political and financial situation (particularly the precariousness of the banking sector) are the main factors behind the decline in Tunisia's ranking. He added: "We are addressing these indicators with transparency and meetings will be held to discuss all aspects related to the criteria used for the ranking, as well as examining the action to be taken to avoid shortcomings."
I. B.
Kapitalis.com
Published on September 4, 2013.
Posted online on September 13, 2013.
Absent from last year's ranking, "due to a significant structural change in the data, which made comparisons with past years difficult," Tunisia rejoined the ranking of the 2013/2014 Global Competitiveness Report, published Wednesday by the World Economic Forum in Davos.
Tunisia occupies 6th place in Africa, after having long occupied 1st place, and 9th place in the Arab world. But while in the Arab world, Tunisia is ahead of Yemen (148th), Egypt (118th), Libya (108th) and Algeria (100th), it is however far behind Morocco (77th), Jordan (68th) and Bahrain (43rd), and very far behind Saudi Arabia (20th), the United Arab Emirates (19th) and Qatar (13th).
"This is a disappointing ranking even if it was expected," said Ahmed Bouzguenda, president of the Arab Institute of Business Leaders (IACE). He added: "Political stability, security, terrorism and the evolution of the financial market were among the indicators that negatively influenced Tunisia's score in this report." And which, consequently, will have a negative impact on the decision of foreign investors that our country hopes to attract to boost growth and job creation.
Referring to Tunisia's ranking by the World Economic Forum in Davos, Ridha Saidi, Minister in charge of Economic Issues, admitted that the security, political and financial situation (particularly the precariousness of the banking sector) are the main factors behind the decline in Tunisia's ranking. He added: "We are addressing these indicators with transparency and meetings will be held to discuss all aspects related to the criteria used for the ranking, as well as examining the action to be taken to avoid shortcomings."
I. B.
Kapitalis.com
Published on September 4, 2013.
Posted online on September 13, 2013.
