Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. However, Egypt’s ranking slipped this year in ICT and Health, falling from 100 to 106 in the former, and from 99 to 103 in the latter. That means the Grand Duchy has risen by one place since the 2018 edition. The country experienced one of the biggest drops from 56/140 in 2018 (60.0 pctl) to 64/141 in 2019 (54.6 pctl). The Global Competitiveness Report 2019 FREN 09/10/2019. There was an error while trying to send your request. Before that, the macroeconomic ranks were based on Jeffrey Sachs's Growth Development Index and the … The WEF Global Competitiveness Report 2019 10 years since the global financial crisis, the global economy remains in a cycle of low/flat productivity, says the World Economic Forum. How will COVID-19 affect innovation investments? Real GDP growth reached 5.6% in FY19, up from 5.3% in FY18. Business Forward AUC will use the information you provide on this form to be in touch with you and to provide updates and marketing. from 2018 ... 93 Egypt 54.5 +1 +1.0 94 Namibia 54.5 +6 +1.8 2018 Diff. Quality Infrastructure. To reflect the effects of Globalization and the Fourth Industrial Revolution, the World Economic Forum introduced last year the new Global Competitiveness Index 4.0, a new economic compass, building on 40 years of experience of benchmarking the drivers of long-term competitiveness. Sector spotlight series [Pt 2]: Egypt’s grocery retail industry, The Going Global Series [PT1]: How Azza Fahmy set foot in London and Los Angeles, Subscribe to receive the Business Forward digest with our latest content straight to your inbox, Pillar 3: Information & Communications Technology (ICT) adoption. The four main global competitiveness indicators are 1) Enabling Environment; 2) Human Capital; 3) Markets; and 4) Innovation Environment. “Bad internet is a huge obstacle,” he said. Almost all pillars dipped in its ranks despite the Philippines maintaining its overall score of 62/100. Kiangel’s founder and chairman, Dr Khaled Ismail, weighed in with his views on how important the internet and tech sectors are to Egypt’s economy, criticising the report for not showing how much tech start-ups have contributed so far. 15 of the countries are from the Middle East and North Africa (MENA), where Egypt ranks 13 th , ahead of Iran and bottom-ranked Yemen. In the Business Dynamics sub-indicator of Growth of Innovative Companies, Egypt enjoys a positive ranking of 29 in the world. World Economic Outlook Report: A long and difficult ascent. Where we haven’t: Egypt’s ranking for macroeconomic stability continues to fall, and both this and ICT adoption are well below the market average. Sector spotlight series [Pt 1]: The garments and home textile industries. Global Competitiveness and Covid-19 contact us at +91 124 437 6676 info@competitiveness.in amitkapoor , 26th April 2020 8th May 2020 , Covid 19 , Speaking , 0 All the Egyptian companies were from across the country’s agricultural, industrial, and service sectors. After the report was presented to the participants and attendees, the prime minister’s economic advisor stressed that improving the rankings isn’t and shouldn’t be the ultimate goal. 3 THE 2019 EIGHT INTERNATIONAL In Education & Skills, Egypt did well in the Digital Skills Among the Active Population (44) sub-indicator, yet ranked below the top 100 with regards to Teaching of Critical Thinking Skills (123), Quality of Vocational Training (129), and Graduate Skills (133). Where we’ve improved: Egypt is on a general upward trajectory, with our institutions, infrastructure, labor market, financial system, business dynamism, and innovation capability all receiving higher scores than last year. Tarek Tawfik, Vice Chairman, ECES; Dr. Abla Abdel Latif, Executive Director and Director of Research, … Abdel Latif added that most of the data was also drawn from international indices and statistical data from specialised international bodies and institutions. The 2018 edition of the Global Competitiveness Report represents a milestone in the four-decade history of the series, with the introduction of the new Global Competitiveness Index 4.0. The World Economic Forum has published its new Global Competitiveness Report 2019. Out of the 12 pillars, Egypt performed higher than the regional average in Infrastructure and Market Size, scoring 73.1 and 73.6 respectively, while the MENA averages were 70.5 and 69.9 respectively. The analysis presented in the Global Competitiveness Report 2019 (herein: “Report”) is based on a methodology integrating the latest statistics from international organizations and a survey of executives. Egypt’s lowest score was in the Ability to Innovate pillar at 39.6, against a regional average of 41.3. Each of these indicators are broken down into several pillars which amount to a total of 12. Classification of economies by geographic region is based on that of the United Nations Statistics Division. The analysis presented in the Global Competitiveness Report 2019 (herein: “Report”) is based on a methodology integrating the latest statistics from international organizations and a survey of executives. South Africa (60), Seychelles (78), Botswana (91) and Namibia (94) are in the top 100 out of 141 countries covered by the report. equity and the enhancement of the country’s global competitiveness. 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