Malta has been ranked number 41 out of 148 analysed countries on its global competitiveness level by the World Economic Forum (WEF). The WEF has recently published The Global Competitiveness Report 2013-14 and shows that Malta’s ranking has gone up by 6 positions since the previous year.
This in-depth report analyses the 12 pillars of competitiveness namely: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market development, technological readiness, market size, business sophistication and innovation.
Malta is recognised as being part of the innovation-driven group of countries which amounts to 25% of the surveyed countries.
This report reiterates Malta’s position as a leading financial jurisdiction and ranked the soundness of its banks in 14th place, the regulation of securities exchanges in 17th place, the strength of auditing and reporting standards in 13th place and protection of minority shareholders’ interests in 18th place.
To read the full report please click here.