World Economic Forum Ranks Zambia 8th Most Competitive Sub-Saharan Economy


In its latest edition of The Global Competitiveness 2014-2015 released on September 3rd 2014, The World Economic Forum (WEF) ranked Zambia among the 10 most competitive countries in Sub-Saharan Africa.

The report ranks Zambia as the 8th most competitive economy out of 33 Sub-Saharan African countries analyzed.

Zambia ranked 96th out of 144 countries covered by WEF’s report.

The report highlights Sub-Saharan Africa’s persistence in growth amid the economic downturn the rest of the World suffered in recent years, registering “impressive growth rates of close to 5% in 2013 – with rising projections for the next two years – below only emerging and developing Asia”.

In 2013 Zambia GDP was USD 22.38 billion.

Zambia GDP grew by 6.4 % between 2012 and 2013.

WEF ranks each country’s competitiveness using 12 factors :Institutions, Infrastructure, Macroeconomic environment, Health and primary education, Higher education and training, Goods market efficiency, Labor market efficiency, Financial market development, Technological readiness, Market size, as well as Business sophistication and Innovation. 

Related Posts