Rwanda is ranked 63rd among 144 countries assessed in the 2012-2013 Global competitiveness Report.
This proves there has been a great improvement by Rwanda which was ranked 70th in the 2011-2012 similar Rankings.
This year’s Report features a record number of 144 economies is the most comprehensive assessment of its kind.
The report contains a detailed profile for each of the economies included in the study as well as an extensive section of data tables with global rankings covering over 100 indicators.
According to the report, Global growth remains historically low for the second year running with major centers of economic activity—particularly large emerging economies and key advanced economies—expected to slow in 2012–13, confirming the belief that the global economy is troubled by a slow and weak recovery.
As in previous years, growth remains unequally distributed. Emerging and developing countries are growing faster than advanced economies, steadily closing the income gap.
The International Monetary Fund (IMF) estimates that, in 2012, the euro zone will have contracted by 0.3% , while the United States is experiencing a weak recovery with an uncertain future.
Large emerging economies such as Brazil, the Russian Federation, India, China, and South Africa are growing somewhat less than they did in 2011.
At the same time, other emerging markets—such as developing Asia—will continue to show robust growth rates, while the Middle East and North Africa as well as sub-Saharan African countries are gaining momentum.
The best ten economies include; Switizerland(1st), Singapore(2nd),finiland (3rd),Sweden(4th), Netherlands(5th), Germany(6th), USA(7th), UK(8th),Hong Kong(9th), Japan(10th)..
In East Africa,Rwandan emerged top at position 63rd meanwhile Kenya scooped (106th) position,Tanzania(120th),Uganda(123rd) and Burundi also the last on the global rankings list at (144th).
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