• Costa Rica Coffee Guide

C.R. Improves Global Competitiveness Ranking

September 11, 2009

Costa Rica jumped four spots – to 55th place – in a new competitiveness survey released Tuesday by the World Economic Forum.

The Global Competitiveness Report is calculated by an Executive Opinion Survey conducted by the World Economic Forum, as well as research institutes and business organizations in the 133 countries surveyed.

The survey measures each country across 12 central pillars and analyzes over 100 criteria to create a final ranking.

The report is a comprehensive 492-page document that details the analysis behind each ranking and provides a synopsis of the positive and negative elements of each country.

Costa Rica improved from its rank of 59th place in the report’s 2008 edition and it is the highest ranked Central American country, with Panama receiving the next highest ranking at 59th.

Since 2006, Costa Rica has seen a 13-position improvement, one of the largest ranking improvements among the surveyed countries.

According to the World Economic Forum, Costa Rica’s commitment to education, good governance standards and production and export diversification – such as high-tech products and eco-tourism – continue to improve the country’s global competitiveness ranking.

Costa Rica’s highest ranking was in the sector of primary education, where it ranked 29th. The country earned a No. 1 ranking in the category of “Primary Enrollment,” which is under the Health and Primary Education pillar.

The lowest rankings were in the areas of macroeconomic stability, where Costa Rica ranked 101st, and in infrastructure, in which it was ranked 82nd. The report also said “red tape and rigidities in different sectors continue to affect the country’s business environment.”

The most problematic factors for doing business in Costa Rica were listed as inefficient government bureaucracy, inadequate supply of infrastructure and difficulty in acquiring financing.

Costa Rica also is considered in Stage 2 of economic development, meaning it is considered a developing country.

Underdeveloped countries are considered to be in Stage 1, while developed countries are considered to be in Stage 3.

–Adam Williams

A copy of the Global Competitiveness Report is available at: www.weforum.org/en/initiatives/gcp/Global%20Competitiveness%20Report/index.htm

You may be interested

Vaccinated people don’t have to self-isolate after Covid contact
Costa Rica
16420 views
Costa Rica
16420 views

Vaccinated people don’t have to self-isolate after Covid contact

Alejandro Zúñiga - March 8, 2021

People who are fully vaccinated against Covid-19 won’t have to isolate if they are a close contact to someone who…

Starting in April, Manuel Antonio NP will be open on Mondays
Costa Rica
2179 views
Costa Rica
2179 views

Starting in April, Manuel Antonio NP will be open on Mondays

Alejandro Zúñiga - March 8, 2021

Costa Rica’s most popular national park is switching up its hours.  Starting April 1, Manuel Antonio National Park will remain…

Costa Rica unemployment disproportionately impacts women
Costa Rica
2549 views
Costa Rica
2549 views

Costa Rica unemployment disproportionately impacts women

Alejandro Zúñiga - March 8, 2021

Unemployment in Costa Rica is at 19.1%, but the job loss provoked by the pandemic has predominantly impacted women. According…