Lebanon Ranked 113th out of 140 in the Global Competitiveness Index

In its annual Global Competitiveness Index (GCI) 2015-2016 report, the World Economic Forum ranked Lebanon 113^th globally (Switzerland being 1^st) out of 140 countries and 10th out of the Arab counties ranked.

The GCI is divided into three main categories; “Basic Requirements”, “Efficiency Enhancers”, and “Innovation and Sophistication Factors”. These sub-indices are further divided into 12 pillars, from Health and Primary Education, Macro Environment, Goods Market Efficiency, Labor market Efficiency to Innovation.   

For instance, Lebanon ranked 121 in “Basic Requirements” category. This is on the back of the country ranking a lowly 139 in Macro Environment, in addition to “Institutions” being placed 128. However, Lebanon would have been ranked much lower if it weren’t for its competitiveness in “Health and Primary Education”, where it ranked 30^th out of 140.

Lebanon retained the 77th place in the “Efficiency Enhancers” category. It was good in terms of Goods Market Efficiency, in which Lebanon ranked 56th. On the contrary, Lebanon showed poor drive in regarding Labor Market Efficiency ranking 109 out of 140 countries.

In “Innovation and Sophistication Factor” category, Lebanon was placed 67^th as it ranked in Business Sophistication at 61st position and yet Innovation pushed the ranking downwards, as it was placed in the 95th position.

Lebanon’s Global Competitiveness Index Ranking 2015-2016

Source: World Economic Forum