Trend News Agency, citing the announcement made by the head of department of economic policy analysis and forecasting of the Ministry of Economic Development of Azerbaijan ,Adalat Muradov, reports that Azerbaijan has significantly improved its competitive position in the ranking of world economies
According to data presented from World Economic Forum (WEF), Azerbaijan is among the top 50 most competitive economies in the world and is 46th out of 144 countries, in the ranking of competitive economies in the world for 2012-2013.
As reported, Muradov said that compared to last year’s report, Azerbaijan has improved its position by nine places which is another indicator of the successful economic policy being pursued by the head of the state.
Note, in calculating the index of competitiveness of each country, the WEF uses 12 key indicators – the quality of institutions, infrastructure, macroeconomic stability, health and primary education, higher education and training, goods market efficiency, labor market efficiency, financial market development, technological level, the volume of the internal market , competitiveness and innovation.
