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Azerbaijan ranks 35th in Global Competitiveness Report

September 27, 2017 - AZERTAG: Azerbaijan has moved up two spots to rank 35th in the Global Competitiveness Report 2017-2018 published by the World Economic Forum (WEF), Center for Analysis of Economic Reforms & Communications has told AZERTAC.

In the most authoritative international rating, Azerbaijan has maintained its leadership in the CIS, leaving behind three out of every four countries of the world. Azerbaijan has outclassed even G20 countries, including Italy, Russia, Indonesia, India, Turkey, and the South African Republic in the economic competitiveness index. According to the Global Competitiveness Report, Russia ranks 38th, Kazakhstan 57th, Georgia 67th and Armenia 73rd.

In the Global Competitiveness Report 2017-2018, Azerbaijan improved its position in 9 out of 12 pillars: Institutions (moved up 15 spots to rank 33rd), Infrastructure (moved up 4 spots to rank 51st), Health and Primary Education (moved up 1 spot to rank 74th), Higher Education and Training (moved up 10 spots to rank 68th), Goods Market Efficiency (moved up 19 spots to rank 31st), Labor Market Efficiency (moved up 9 spots to ranks 17th), Financial Market Development (moved up 18 spots to rank 79th), Business Sophistication (moved up 20 spots to rank 40th), and Innovation (moved up 11 spots to rank 33rd). Azerbaijan made the greatest advancement in Business Sophistication pillar – 20 spots. Read More...

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Consulate General

The opening of the Consulate General of the Republic of Azerbaijan to Los Angeles and Western States was a significant milestone in the rapidly developing bilateral ties between the United States and Azerbaijan.read more...

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