The just released Global Competitive Index report of the World Economic Forum shows that Guyana has improved on its ranking. According to the report, Guyana now ranks 102. For the 2011-2012 reporting period, Guyana was rated 109 out of 142 countries scored.
The 2012-2013 reporting period puts Guyana at 102 out of the 148 countries assessed. The report highlighted corruption, tax rates, inadequately educated workforce, crime and theft and inefficient government bureaucracy as some of the “most problematic factors for doing business.”
The Guyana report was supported by work done by the Institute of Development Studies headed by Dr. Clive Thomas and other researchers.
Several other CARICOM states either moved up or down the competitive ladder. Trinidad and Tobago was one of the countries that slipped two places on the global competitive index.