Iran up 9 places to 74th on global competitiveness index

According to the World Economic Forum, Iran moved up 9 positions to rank 74th on a global index of the worlds most competitive economies.
(SHADA: TEHRAN) -- The World Economic Forum's latest report on the conditions of the world competitive economies shows that Iran has made progress in this area, although it has not yet regain its 2012 ranking.
In a report published in 2012, Iran ranked 66th in the world in terms of competitiveness, but in 2013 it suddenly fell 16 places to rank 82nd.
In the 2014 report, Iran's ranking was 83. However, in the recent report, Iran succeeded to rank 74th. The average score in this table topped by Switzerland is based on 112 variables. The first country obtained 5.76 points and Guinea as the last country in the table obtained 2.84 points. Iran scored 4.09 points. In 2014 and 2013, Iran scored respectively 4.03 and 4.07.
According to the World Economic Forum's recent report, after Switzerland, Singapore with a score of 5.68 and USA with 5.61 points ranked second and third respectively. These three countries have retained their last year ranks. Germany, Netherlands, Japan, Hong Kong, Finland, Sweden and the UK are in the next ranks. The Netherlands moved up 3 positions to rank 5th.
The world countries in this report are ranked based on the "Global Competitiveness Index". The index is determined by examining 112 different variables. Factors which are examined to determine the competitiveness index are divided into 12 groups, including Institutions, Infrastructure, Macroeconomic environment, Health and primary education, Higher education and training, Goods market efficiency, Labor market efficiency, Financial market development, Technological readiness, Market size, Business sophistication, Innovation.