EuCham on Competitiveness Index

European Chamber’s Competitiveness Index lists the countries based on the Global Competitiveness Index (GCI) improvement from the global financial crisis in 2008 to the present. Switzerland, Germany and Scandinavian countries are competitively dominant in Europe, Macedonia and Bulgaria are far behind.

EuCham - European Chamber’s Competitiveness Index lists the countries based on the Global Competitiveness Index (GCI) improvement from the global financial crisis in 2008 to the present. GCI is defined by the World Economic Forum as the set of institutions, policies, and factors that determine the level of productivity (hence competitiveness and growth potential) of a country.

While Switzerland, Germany and Scandinavian countries are competitively dominant in Europe, the primary aim of the chart is to highlight the countries which experienced the biggest variations, including Macedonia, Georgia, and Bulgaria, in the overall score since 2008, in order to quantify the result of their effort to overcome the aftermath of crisis.

• Macedonia achieved the highest place in improvement of GCI with over 9% post-crisis

• Switzerland maintained the best GCI ranking during and after the global financial crisis

• Iceland competitiveness declined drastically but still maintained its middle-tier position

EUCHAM CHART APRIL 2015

Competitiveness Improvement in Europe

Improvement 2015
rate      ranking

1 Macedonia 9.08% 30

2 Georgia 8.52% 31

3 Bulgaria 7.63% 26

4 Albania 7.45% 38

5 Turkey 7.04% 22

...

14 Switzerland 1.70% 1

...

38 Iceland -7.28% 15

Global Competitiveness Index (GCI) of World Economic Forum, data 2008-2009 & 2014-2015

38 European countries were considered

Source: eucham.eu/charts