Greek competitiveness rank remains low as tax, bureaucracy create obstacles

EconomyFeatures Tags: Austerity, Business, OECD
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

Greece has dropped one place in this year’s Global Competitiveness Index (GCI), standing at 87 overall out of 137 economies. The 87th spot was occupied by Algeria last year, which this year moved to number 86.

The annual report, compiled and released by the World Economic Forum, tracks the performance of almost 140 countries against 12 pillars of competitiveness. It assesses the factors and institutions identified by empirical and theoretical research as dete...

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