ANALYSIS

• Rank
• Score

• Overall

• Rank

  55

• Score

  64.50

• Political environment

• Rank

  59

• Score

  53.64

• Political stability and absence of violence/terrorism
  Index that captures perceptions of the likelihood that the government will be destabilized or overthrown by unconstitutional or violent means, including politically motivated violence and terrorism. Scores are standardized.

• Rank

  50

• Score

  70.60

• Government effectiveness
  Index that captures perceptions of quality of public and civil services and the degree of their independence from political pressures, the quality of policy formulation and implementation, and the credibility of the government"s commitment to such policies. Scores are standardized.

• Rank

  72

• Score

  45.16

• Regulatory environment

• Rank

  77

• Score

  61.06

• Regulatory quality
  Index that captures perceptions of the ability of the government to formulate and implement sound policies and regulations that permit and promote private-sector development. Scores are standardized.

• Rank

  61

• Score

  48.94

• Rule of law
  Index that captures perceptions of the extent to which agents have confidence in and abide by the rules of society, in particular the quality of contract enforcement, property rights, the police, and the courts, as well as the likelihood of crime and violence. Scores are standardized.

• Rank

  84

• Score

  34.40

• Cost of redundancy dismissal
  Sum of notice period and severance pay for redundancy dismissal (in salary weeks, averages for workers with 1, 5, and 10 years of tenure, with a minimum threshold of 8 weeks)

• Rank

  82

• Score

  80.45

• Business environment

• Rank

  37

• Score

  78.81

• Ease of starting a business
  The ranking of economies on the ease of starting a business is determined by sorting their distance to frontier scores for starting a business. These scores are the simple average of the distance to frontier scores for each of the component indicators.

• Rank

  39

• Score

  91.49

• Ease of resolving insolvency
  The ranking of economies on the ease of resolving insolvency is determined by sorting their distance to frontier scores for resolving insolvency. These scores are the simple average of the distance to frontier scores for the recovery rate and strength of insolvency framework index.

• Rank

  38

• Score

  66.13

• Rank
• Score

• Overall

• Rank

  95

• Score

  21.30

• Education

• Rank

  95

• Score

  36.89

• Expenditure on education
  Government operating expenditures in education, including wages and salaries and excluding capital investments in buildings and equipment, as a percentage of gross domestic product (GDP).

• Rank

  95

• Score

  27.59

• Government funding per secondary student
  Initial government funding per secondary student, as a percentage of GDP per capita.

• Rank

  91

• Score

  2.86

• School life expectancy
  Total number of years of schooling that a child of a certain age can expect to receive in the future, assuming that the probability of his or her being enrolled in school at any particular age is equal to the current enrolment ratio for that age.

• Rank

  44

• Score

  57.25

• Assessment in reading, mathematics, and science
  PISA average scales in reading, mathematics, and science

• Rank

  57

• Score

  36.74

• Pupil-teacher ratio, secondary
  The number of pupils enrolled in secondary school divided by the number of secondary school teachers (regardless of their teaching assignment).

• Rank

  45

• Score

  82.99

• Tertiary education

• Rank

  80

• Score

  25.74

• Tertiary enrolment
  The ratio of total tertiary enrolment, regardless of age, to the population of the age group that officially corresponds to the tertiary level of education.

• Rank

  40

• Score

  49.91

• Graduates in science and engineering
  The share of all tertiary graduates in science, manufacturing, engineering, and construction over all tertiary graduates.

• Rank

  70

• Score

  22.10

• Tertiary level inbound mobility
  The number of students from abroad studying in a given country, as a percentage of the total tertiary enrolment in that country.

• Rank

  75

• Score

  8.85

• Research and development (R&D)

• Rank

  104

• Score

  1.26

• Researchers
  Researchers per million population, full-time equivalence. Researchers in R&D are professionals engaged in the conception or creation of new knowledge, products, processes, methods, or systems and in the management of the projects concerned.

• Rank

  81

• Score

  1.74

• Gross expenditure on R&D (GERD)
  Total domestic intramural expenditure on R&D during a given period as a percentage of GDP.

• Rank

  95

• Score

  3.28

• Global R&D companies, average expenditure top 3
  Average expenditure on R&D of the top three global companies.

• Rank

  40

• Score

  n/a

• QS university ranking average score top 3 universities
  Sub-pillar 2.3.4 QS university ranking average score of top 3 universities

• Rank

  78

• Score

  n/a

• Rank
• Score

• Overall

• Rank

  62

• Score

  45.31

• Information and communication technologies (ICTs)

• Rank

  74

• Score

  54.01

• ICT access
  The ICT access index is a composite index that weights five ICT indicators (20% each). It is the first sub-index in ITU"s ICT Development Index (IDI).

• Rank

  88

• Score

  48.00

• ICT use
  The ICT use index is a composite index that weights three ICT indicators (33% each). It is the second sub-index in ITU"s ICT Development Index (IDI).

• Rank

  72

• Score

  44.20

• Government's online service
  Research teams assessed each country’s national website, including the national central portal, e-services portal, and e-participation portal as well as the websites of the related ministries of education, labour, social services, health, finance, and environment, as applicable.

• Rank

  67

• Score

  59.42

• Online e-participation
  The United Nations E-Participation Index is based on the survey used for the UN Online Service Index. The survey was expanded with questions emphasizing quality in the connected presence stage of e-government.

• Rank

  54

• Score

  64.41

• General infrastructure

• Rank

  98

• Score

  30.44

• Electricity output
  Electricity production, measured at the terminals of all alternator sets in a station.

• Rank

  76

• Score

  7.14

• Logistics performance
  A multidimensional assessment of logistics performance, the Logistics Performance Index (LPI) compares the trade logistics profiles of 160 countries and rates them on a scale of 1 (worst) to 5 (best).

• Rank

  110

• Score

  16.17

• Gross capital formation
  Ratio of total gross capital formation in current local currency to GDP in current local currency.

• Rank

  42

• Score

  49.22

• Ecological sustainability

• Rank

  22

• Score

  51.50

• GDP per unit of energy use
  Purchasing power parity gross domestic product (PPP$ GDP) per kilogram of oil equivalent of energy use.

• Rank

  n/a

• Score

  n/a

• Environmental performance
  This index ranks countries on 20 performance indicators tracked across policy categories that cover both environmental public health and ecosystem vitality. These indicators gauge how close countries are to established environmental policy goals.

• Rank

  36

• Score

  65.46

• ISO 14001 environmental certificates
  ISO 14001:2015 sets out the criteria for an environmental management system and can be certified to.

• Rank

  29

• Score

  23.57

• Rank
• Score

• Overall

• Rank

  38

• Score

  52.30

• Credit

• Rank

  87

• Score

  30.23

• Ease of getting credit
  The ranking of economies on the ease of getting credit is determined by sorting their distance to frontier scores for getting credit.

• Rank

  38

• Score

  70.00

• Domestic credit to private sector
  Domestic credit to private sector refers to financial resources provided to the private sector by financial corporations, such as through loans, purchases of nonequity securities, and trade credits and other accounts receivable, that establish a claim for repayment.

• Rank

  88

• Score

  13.12

• Microfinance institutions' gross loan portfolio
  Combined gross loan balances per microfinance institution (current US$), divided by GDP (current US$) and multiplied by 100.

• Rank

  36

• Score

  7.58

• Investment

• Rank

  5

• Score

  71.67

• Ease of protecting minority investors
  The ranking is the simple average of the distance to frontier scores for the extent of conflict of interest regulation index and the extent of shareholder governance index.

• Rank

  20

• Score

  71.67

• Market capitalization
  Market capitalization (also known as ‘market value’) is the share price times the number of shares outstanding.

• Rank

  n/a

• Score

  n/a

• Venture capital deals
  Thomson Reuters data on private equity deals, per deal, with information on the location of investment, investment company, investor firms, and funds, among other details.

• Rank

  n/a

• Score

  n/a

• Trade, competition, & market scale

• Rank

  87

• Score

  55.01

• Applied tariff rate, weighted mean
  Weighted mean applied tariff is the average of effectively applied rates weighted by the product import shares corresponding to each partner country.

• Rank

  12

• Score

  93.04

• Intensity of local competition
  Average answer to the survey question: In your country, how intense is competition in the local markets? [1 = not intense at all; 7 = extremely intense]

• Rank

  95

• Score

  62.15

• Domestic market scale
  The domestic market size is measured by gross domestic product (GDP) based on the purchasing-power-parity (PPP) valuation of country GDP, in current international dollar (billions).

• Rank

  105

• Score

  32.43

• Rank
• Score

• Overall

• Rank

  98

• Score

  24.36

• Knowledge workers

• Rank

  99

• Score

  22.46

• Employment in knowledge-intensive services
  Employment in knowledge-intensive services (% of workforce)

• Rank

  86

• Score

  24.81

• Firms offering formal training
  The percentage of firms offering formal training programs for their permanent, full-time employees.

• Rank

  65

• Score

  26.91

• GERD performed by business enterprise
  Gross expenditure on R&D performed by business enterprise as a percentage of GDP.

• Rank

  n/a

• Score

  n/a

• GERD financed by business enterprise
  Gross expenditure on R&D financed by business enterprise as a percentage of total gross expenditure on R&D.

• Rank

  83

• Score

  4.08

• Females employed with advanced degrees
  The percentage of females employed with advanced degrees out of total employed.

• Rank

  66

• Score

  27.22

• Innovation linkages

• Rank

  90

• Score

  22.22

• University/industry research collaboration
  Average answer to the survey question: In your country, to what extent do people collaborate and share ideas in between companies and universities/research institutions? [1 = not at all; 7 = to a great extent]

• Rank

  66

• Score

  40.46

• State of cluster development
  Average answer to survey question on role of clusters in the economy: In your country, how widespread are well-developed and deep clusters (geographic concentrations of firms, suppliers, producers of related products and services, and specialized institutions in a particular field)?

• Rank

  103

• Score

  34.59

• GERD financed by abroad
  Percentage of gross expenditure on R&D financed by abroad—i.e., with foreign financing.

• Rank

  52

• Score

  14.06

• Joint venture/strategic alliance deals
  Thomson Reuters data on joint ventures/strategic alliances deals, per deal, with details on the country of origin of partner firms, among others.

• Rank

  36

• Score

  17.31

• Patent families filed in at least two offices
  Number of patent families filed by residents in at least two offices.

• Rank

  83

• Score

  0.49

• Knowledge absorption

• Rank

  74

• Score

  28.41

• Intellectual property payments
  Charges for the use of intellectual property not included elsewhere payments (% of total trade) according to the Extended Balance of Payments Services Classification EBOPS 2010.

• Rank

  62

• Score

  12.83

• High-tech imports
  High-technology imports minus re-imports (% of total trade).

• Rank

  119

• Score

  5.84

• ICT services imports
  Telecommunications, computer and information services (% of total trade) according to the Extended Balance of Payments Services Classification EBOPS 2010.

• Rank

  43

• Score

  28.23

• Foreign direct investment, net inflows
  This data series shows net inflows (new investment inflows less disinvestment) in the reporting economy from foreign investors, and is divided by GDP.

• Rank

  15

• Score

  58.95

• Research talent in business enterprise
  Professionals engaged in the conception or creation of new knowledge, products, processes, methods, and systems, as well as in the management of these projects, broken down by the sectors in which they are employed.

• Rank

  n/a

• Score

  n/a

• Rank
• Score

• Overall

• Rank

  110

• Score

  13.74

• Knowledge creation

• Rank

  116

• Score

  2.85

• Patent applications by origin
  Number of resident patent applications filed at a given national or regional patent office (per billion PPP$ GDP)

• Rank

  77

• Score

  3.64

• PCT international applications by origin
  Number of international patent applications filed by residents at the Patent Cooperation Treaty (per billion PPP$ GDP)

• Rank

  50

• Score

  2.93

• Utility model applications by origin
  Number of utility model applications filed by residents at the national patent office (per billion PPP$ GDP)

• Rank

  55

• Score

  1.34

• Scientific and technical publications
  Number of scientific and technical journal articles (per billion PPP$ GDP)

• Rank

  104

• Score

  6.23

• Citable documents H index
  The H index is an economy"s number of published articles (H) that have received at least H citations in the period 1996–2014

• Rank

  120

• Score

  1.61

• Knowledge impact

• Rank

  108

• Score

  22.16

• Growth rate of GDP per person engaged
  Growth of gross domestic product (GDP) per person engaged provides a measure of labor productivity (defined as output per unit of labor input).

• Rank

  105

• Score

  46.40

• New business density
  Number of new firms, defined as firms registered in the current year of reporting, per thousand population aged 15–64 years old.

• Rank

  62

• Score

  4.95

• Total computer software spending
  Computer software spending includes the total value of purchased or leased packaged software such as operating systems, database systems, programming tools, utilities, and applications. Data are reported as a percentage of GDP.

• Rank

  84

• Score

  9.36

• ISO 9001 quality certificates
  ISO 9001:2015 sets out the criteria for a quality management system and is the only standard in the family that can be certified to (although this is not a requirement)

• Rank

  36

• Score

  22.23

• High-tech and medium high-tech output
  High-tech and medium-high-tech output as a percentage of total manufactures output, on the basis of the Organisation for Economic Co-operation and Development (OECD) classification of Technology Intensity Definition.

• Rank

  92

• Score

  3.64

• Knowledge diffusion

• Rank

  88

• Score

  16.21

• Intellectual property receipts
  Charges for the use of intellectual property not included elsewhere receipts (% of total trade) according to the Extended Balance of Payments Services Classification EBOPS 2010.

• Rank

  64

• Score

  1.95

• High-tech exports
  High-technology exports minus re-exports (% of total trade).

• Rank

  94

• Score

  0.91

• ICT services exports
  Telecommunications, computer and information services (% of total trade) according to the Extended Balance of Payments Services Classification EBOPS 2010.

• Rank

  36

• Score

  23.12

• Foreign direct investment, net outflows
  This data series shows net outflows of investment from the reporting economy to the rest of the world and is divided by GDP.

• Rank

  69

• Score

  27.53

• Rank
• Score

• Overall

• Rank

  86

• Score

  23.05

• Intangible assets

• Rank

  104

• Score

  29.49

• Trademark application class count by origin
  Number of trademark applications issued to residents at a given national or regional office (per billion PPP$ GDP)

• Rank

  79

• Score

  12.00

• Industrial designs by origin
  Number of designs contained in industrial design applications filed at a given national or regional office (per billion PPP$ GDP)

• Rank

  88

• Score

  2.01

• ICTs and business model creation
  Average answer to the question: In your country, to what extent do ICTs enable new business models? [1 = not at all; 7 = to a great extent]

• Rank

  96

• Score

  52.05

• ICTs and organizational model creation
  Average answer to the question: In your country, to what extent do ICTs enable new organizational models (e.g., virtual teams, remote working, telecommuting) within companies? [1 = not at all; 7 = to a great extent]

• Rank

  112

• Score

  38.14

• Creative goods and services

• Rank

  52

• Score

  26.47

• Cultural and creative services exports
  Creative services exports (% of total exports) according to the Extended Balance of Payments Services Classification EBOPS 2010.

• Rank

  55

• Score

  3.96

• National feature films produced
  Number of national feature films produced (per million population 15–69 years old).

• Rank

  54

• Score

  12.17

• Entertainment and media market
  The Global entertainment and media outlook (the Outlook) provides a single comparable source of five-year forecast and five-year historic consumer and advertiser spending data and commentary, for 13 entertainment and media segments, across 61 countries.

• Rank

  n/a

• Score

  n/a

• Printing, publications & other media output
  Publishing, printing, and reproduction of recorded media output as a percentage of total manufacturing output.

• Rank

  8

• Score

  65.60

• Creative goods exports
  Total value of creative goods exports, net of re-exports (current US$) over total trade.

• Rank

  85

• Score

  5.75

• Online creativity

• Rank

  63

• Score

  6.75

• Generic top-level domains (gTLDs)
  Generic top-level domains (gTLDs) (per thousand population 15–69 years old).

• Rank

  45

• Score

  7.05

• Country-code top-level domains (ccTLDs)
  Country-code top-level domains (ccTLDs) (per thousand population 15–69 years old).

• Rank

  61

• Score

  2.46

• Wikipedia yearly edits
  Wikipedia yearly page edits (per million population 15–69 years old).

• Rank

  57

• Score

  10.74

• Mobile app creation
  Global downloads of mobile apps, by origin of the HQ firm, scaled by PPP$ DGP (billions)

• Rank

  n/a

• Score

  n/a