Finance

WEF 2016-2017 Global Competitiveness Report : African nations ranking

Thursday, 29 September 2016 11:00

Mauritius remains Africa’s most competitive nation (45th worldwide), World Economic Forum (WEF) said in the 2016-2017 global competitiveness report it released on Sept 28, in Geneva.

In Africa, the island is followed by South Africa (47th in the world), Rwanda (52nd), Botswana (64th), Morocco (70th), Namibia (84th) and Algeria (87th). Tunisia (95th), Kenya (96th), Cote d’Ivoire (99th) come next in the Top 10 of most competitive African nations.

Progress over the continent in terms of competitiveness is mixed compared to the 2015-2016 ranking. While some nations such as Rwanda, Sierra Leone and Ghana jumped 6, 5 and 5 places respectively, others like Zambia, Lesotho, and Nigeria fell respectively 22, 7 and 3 places in the global 2016-2017 ranking. Zambia thus moved from being 96th worldwide in 2015-2016 to 118th in 2016-2017.

WEF’s report provides a global ranking of most competitive nations by using a hundred economic indices including infrastructures, macroeconomic environment, market size, development of technology and information.

Worldwide, the top three nations of 2015-2016 namely Switzerland, Singapore and the United States kept their places. Next come Netherlands, Germany, Sweden, the United Kingdom, Japan, Hong Kong and Finland.

Among emerging economies, China remains at the top and is at the 28th position worldwide while India impresses greatly soaring 16 ranks, to the 39th position.

See below WEF’s ranking for Africa’s most competitive economies, in 2016-2017:

1-Mauritius (45th)

2-South Africa (47th)

3-Rwanda (52nd)

4-Botswana (64th)

5-Moroccoa (70th)

6- Namibia (84th)

7-Algeria (87th)

8-Tunisia (95th)

9-Kenya (96th)

10-Cote d’Ivoire (99th)

11-Gabon (108th)

12-Ethiopia (109th)

13-Cape Verde (110th)

14-Senegal (112th)

15-Uganda (113th)

16-Ghana (114th)

17-Egypt (115th)

18-Tanzania (116th)

19-Zambia (118th)

20-Cameroon (119th)

21-Lesotho (120th)

22-Gambia (123rd)

23-Benin (124th)

24-Mali (125th)

25-Zimbabwe (126th)

26-Nigeria (127th)

27-Madagascar (128th)

28-DR Congo (129th)

29-Liberia (131st)

30-Sierra Leone (132nd)

31-Mozambique (133th)

32-Malawi (134th)

33-Burundi (135th)

34-Chad (136th)

35-Mauritania (137th)

On the same topic
Public debt rose to CFA8,606.6 billion by end-October 2025 Domestic debt now exceeds CFA4,391 billion, driven by regional markets Debt arrears...
Togo cut projected 2025 budget revenue by 1% to CFA1,472 billion while raising spending by 2.3% to CFA1,717.1 billion. The revised budget shows a...
Togolese banks granted CFA903 billion in new loans by end-September 2025, up 22% year on year. The National Credit Council cited sustained...
Ecobank and Coris Bank dominate WAEMU public securities market Ecobank leads largest, liquid markets; Coris strong in Sahelian states Banks...
Most Read
01

AI-backed agri-fintech is increasingly being used to pilot new rural credit models in Africa, where ...

From Mobile Data to Farm Loans: How AI Is Expanding Rural Credit in Africa
02

Fruitful partners with Elsewedy unit to launch processing project in Egypt New facility wil...

Egypt attracts Polish Fruitful investment in horticultural processing
03

Investment bank BCID-AES established  in Bamako Bank aims to fund infrastructure, agricultur...

Sahel Alliance Establishes Investment Bank, Key Financing Decisions Pending
04

This week’s health update shows Africa edging closer to the end of the mpox public health emergency,...

Weekly Health Update | Africa Steps Up Essential Medicines Strategy, Despite Outbreaks, Funding Gaps
05

Fitch upgrades Côte d’Ivoire to BB, saying political uncertainty has lifted and the country has mo...

Fitch Says Côte d’Ivoire Has “Left Political Risk Behind” as Rating Upgrade Highlights Strengthening Fundamentals
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.