The Global Competitiveness Report 2017–2018 reveals Peru has improved its performance in four of 12 pillars: infrastructure; health and primary education; technological readiness; and innovation.
The Inca country posts a slight improvement in infrastructure (86th, up three) and advances 5 places in health and primary education to 93rd from 98th.
Likewise, Peru progressed in technological readiness (86th, up two) and innovation (113th, up six).
It must be noted the market size pillar remains unchanged at 48th.
Covering 137 economies, the Global Competitiveness Index 2017–2018 measures national competitiveness—defined as the set of institutions, policies and factors that determine the level of productivity.
Peru placed 72nd in the overall rankings. In Latin America, the country is ahead of Uruguay (76th), Brazil (80th), Trinidad and Tobago (83rd), Guatemala (84th), Argentina (92nd), Nicaragua (93rd), Honduras (96th), Ecuador (97th), Dominican Republic (104th), El Salvador (109th), Paraguay (112th), Venezuela (127th) and Haiti (128th).
The less favorable assessment in terms of ethics and corruption reflects the impact of the corruption scandals seen in the region during the past year and the impact it has had on the trust in both public and private institutions.
During the last year, the efficiency of financial markets and their ability to meet the needs of the business sector also negatively impacted the country's competitiveness.
At the same time, the country's infrastructure and technological readiness are progressing.
(END) RGP/JJN/RMB/MVB
Published: 9/29/2017