Greece falls a spot, to 87 out of 137 surveyed countries, in WEF's global competitiveness report

Wednesday, 27 September 2017 16:38

Greece fell a spot in the World Economic Forum’s global competitiveness report for 2017-18, winding up in the unenviable – for a Eurozone and EU member-state – ranking of 87th out of 137 countries surveyed.

Switzerland remained in first place, followed by the United States, Singapore, the Netherlands and Germany.

The still bailout-dependent country scored 4.02 out of a highest possible high score of 7; it scored 4.00 last year.

According to the report, Greece posted its best results on infrastructure, health and primary education, higher education and technological readiness.

Conversely, respondents in the WEF survey said the biggest obstacles to business activity in Greece were (high) tax rates (cited by 20.3 percent of respondents), an ineffective state bureaucracy, the tax regime, political and government instability, access to credit and corruption.

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