The World Economic Forum’s “Global Competitiveness Report” assesses the competitiveness of 144 economies and the factors that most contribute to their productivity and prosperity. It is recognised today as the most comprehensive analysis of the competitiveness of the different countries worldwide.
The recently published 2014-2015 report reveals that Portugal has decisively reversed the country´s downward trend in recent years and that there has been a substantial improvement compared to the previous analysis. Portugal is currently in 36th position worldwide (a rise of 15 places compared to the 2013-14 report).
The report said that “the ambitious reform programme the country adopted appears to be paying off as the results are starting to be seen mainly in areas related to the goods market. There is less bureaucracy in Portugal today, and its labour market is more flexible, although much remains to be done. In addition to these improvements, the country can continue to leverage its world class transport infrastructure and highly-qualified workforce. Portugal must not, however, be complacent and must continue to fully implement its reform programme in order to try and resolve some of the persisting macroeconomic concerns caused by the high levels of deficit and government debt; strengthening its financial sector so that credit can begin flowing; further increasing the flexibility of the labour market; and enhancing the quality of education and the capacity for innovation to support the country’s economic transformation.”
Apart from the general classification, Portugal also stands out in indicators such as infrastructure (17%), health and primary education (24%), higher education and training (24%), technological aptitude (26%) and innovation (28%).