TEHRAN – In its most recent released Global Competitiveness Report, the World Economic Forum (WEF) puts Iran’s economy at 74 out of 140 economies in terms of global competitiveness, reporting a point of 4.09 for the country.

It is a good piece of news to hear, showing that the Iranian global competitiveness is soaring relative to its ranking in 2014 and 2013.
In 2014 Iran stood at 83rd place with a total point of 4.03, whereas in 2013, the country’s competitiveness index took a hit, dropping 15 notches to 95th in WEF reports.
The Global Competitiveness Report 2015-2016 finds countries need higher productivity to address sluggish global growth and persistent high unemployment. Also, the report states that failure to boost competitiveness is compromising resilience to recession and other shocks, report finds.
Switzerland, Singapore and the US have been nurturing innovation and talent; this has kept them at the top of the Global Competitiveness Index, which profiles 140 economies.
The Global Competitiveness Report 2015-2016 assesses the competitiveness landscape of 140 economies, providing insight into the drivers of their productivity and prosperity.
The Report series remains the most comprehensive assessment of national competitiveness worldwide.
AK/