Israel drops one place to No. 27 in Global Competitiveness Index

Index is based on measures of 12 basic pillars such as institutions, infrastructure, and the macroeconomic environment.

September 4, 2013 06:46
1 minute read.
shekel and dollar exchange

shekel versus dollar 370. (photo credit: REUTERS)


Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user uxperience almost completely free of ads
  • Access to our Premium Section and our monthly magazine to learn Hebrew, Ivrit
  • Content from the award-winning Jerusalem Repor
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

Israel dropped one notch to 27th place in the World Economic Forum’s 2013 Global Competitiveness Index, released Wednesday. The Index is based on measures of 12 basic pillars: institutions, infrastructure, the macroeconomic environment, health, education, market efficiency, the labor market, financialmarket development, technological readiness, market size, innovation and business sophistication.

Since 2011, the country’s score on a scale of 1 to 7 dropped from 5.1, which ranked No. 22, to 4.9. By far the most problematic factor listed for doing business was inefficient government bureaucracy, followed by access to financing, tax regulations and restrictive labor regulations.

Be the first to know - Join our Facebook page.

Israel’s innovativeness accounted for many of its strengths. It ranked No. 1 on quality of scientific research and in the top 10 for every aspect of innovation.

As was the case last year, Switzerland topped the list, followed by Singapore and Finland. The United States moved up from No. 7 to No. 5, while the UK dropped from No. 8 to No. 10.

Even within the Middle East, Israel did not top the list. Qatar ranked No. 13, the United Arab Emirates was No. 19 and Saudi Arabia was No. 20.

Economy and Trade Ministry Naftali Bennett has said a central policy goal of his is to make it easier to do business.

Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection