The Global Competitiveness Report’s competitiveness ranking is based on the Global Competitiveness Index (GCI), developed for the World Economic Forum by Sala-i-Martin and introduced in 2004.
The GCI is based on 12 measures competitiveness, providing a comprehensive assessment of the competitiveness landscape in countries around the world at all stages of development.
The 12 measures are:
- Institutions,
- Infrastructure,
- Macroeconomic Stability,
- Health and Primary Education,
- Higher Education and Training,
- Goods Market Efficiency,
- abour Market Efficiency,
- Financial Market Sophistication,
- Technological Readiness,
- Market Size,
- Business Sophistication,
- Innovation.
Costa Rica ranks 55th worldwide and ranks second only to Chile in Central and Southern America beating its, perhaps better known, neighbour Panama by 8 places.
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