Ethiopia’s global competitiveness drops three places

August 5, 2007 (ADDIS ABABA) — Ethiopia’s global competitiveness in the current fiscal year dropped by three places to the 123rd position amongst 128 economies, The Reporter, an English weekly newspaper, reported on Saturday.

The weekly quoted the World Economic Forum’s (WEF) 2007 Africa Competitiveness Report as saying that Ethiopia became the fifth least performer in global competitiveness this year, albeit an improved score the country registered in the new ranking than that of the earlier year.

Last year, the country was ranked 120th out of 125 nations covered by the same annually released report.

Ethiopia scored a three-point in the latest ranking assessing Africa’s competitiveness in a global context, where Tunisia topped and Angola bottomed the 29 African countries covered in the report. Tunisia secured a 4.72 point while Angola, the least performer, scored 2.50 points.

The WEF has been analyzing the competitiveness of African countries since 1990, and so far produced four such reports, including the freshly released one.

(Xinhua)