Mauritius has emerged as Africa’s most competitive economy for 2019.
South Africa emerges second (60th position in the world) and Nigeria is the 16th (116th in the world) most competitive in the region.
WEF Global Competitiveness Index measures national competitiveness—defined as the set of institutions, policies, and factors that determine the level of productivity.
Mauritius has emerged again as Africa’s most competitive economy, according to the World Economic Forum (WEF), ahead of the three biggest economies on the continent.
WEF Global Competitiveness Index 4.0
WEF
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.
WEF Global Competitiveness Index 4.0
WEF
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:
Mauritius
Africa: 1
World: 25
Competitive ranking: Rank: 64.3
South Africa
Africa: 2
World: 60
Competitive ranking: 62.4
Morocco
Africa: 3
World: 75
Competitive ranking: 60.0
Seychelles
Africa: 4
World: 76
Competitive ranking: 59.6
Tunisia
Africa: 5
World: 87
Competitive ranking: 56.4
Algeria
Africa: 6
World: 89
Competitive ranking: 56.3
Botswana
Africa: 7
World: 91
Competitive ranking: 55.5
Top 10 global competitive economies (WEF)
WEF
Egypt
Africa: 8
World: 93
Competitive ranking: 54.5
Namibia
Africa: 9
World: 94
Competitive ranking: 54.5
Kenya
Africa: 10
World: 95
Competitive ranking: 54.1
Rwanda
Africa: 11
World: 100
Competitive ranking: 52.8
Ghana
Africa: 12
World: 111
Competitive ranking: 51.2
Cape Verde
Africa: 13
World:112
Competitive ranking: 50.8
Senegal
Africa: 14
World: 113
Competitive ranking: 49.7
Uganda
Africa: 15
World: 114
Competitive ranking: 48.9.
