Belgium has gained a numer of positions for the first time in five years within the World Economic Forum (WEF) classification (WEF) in the field of competitiveness. It is ranked 17th. This emerges from the Global Competitiveness Report published ivernight from Tuesday night through to Wednesday morning in Geneva.
Belgium’s score has been increasing for several years.
This has been clearly reflected within the list of 138 countries, which is recorded by the WEF every year.
Increasing by 5.25 points, the country has reached 17th place globally, snatching ninth position within Europe.
Belgium got its best scores for healthcare, teaching, training and technological development. In contrast, fiscal policy, employment legislation judged too restrictive and red tape all dragged down its result.
The global podium comprised Switzerland, rising to victory for the eight year running, followed by Singapore and the United States.
The Netherlands scooped fourth place just in front of Germany. Sweden (in sixth place) and the United Kingdom (in seventh) made gains, whilst Japan (in eighth), Hong Kong (in ninth) and Finland (which gained tenth place) all took a tumble.
The Vlerick Business School, which is the Belgium partner for the World Economic Forum, for the purposes of the report, will give more details on Belgium’s result during a press conference, due to be held soon.