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Estonian economy the most competitive in Central and Eastern Europe

According to the World Economic Forum Global Competitiveness Report 2017-2018, Estonia is the 29th most competitive economy in the world and the most competitive economy in Central and Eastern Europe.

Compared to the last report, Estonia has gained one place in the global listing. The Global Competitiveness Report, that measures national competitiveness – defined as the set of institutions, policies and factors that determine the level of productivity – gives Estonia a competitiveness score of 4.85, Estonian World writes.

The index is compiled based on the rankings of 12 pillars – institutions, infrastructure, the macroeconomic environment, health and primary education, higher education and training, the goods market efficiency, the labour market efficiency, the financial market development, technological readiness, the market size, business sophistication and innovation.

Estonia is doing really well in the macroeconomic environment and the health and primary education categories, scoring 15th and 19th among the 137 indexed countries, respectively.

The Global Competitiveness Report is a yearly report published by the World Economic Forum and it assesses the ability of countries to provide high levels of prosperity to their citizens.

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