18 Sep 2013 09:30
WINDHOEK, 18 SEP (NAMPA) Namibia maintained her score of 3.9 out of seven in the Global Competitiveness Report 2012-2013, but improved her ranking by two places to rank 90th out of 148 countries.
Bank of Namibia economist Roland Brown said during a media conference here on Wednesday that the improvement is owed to a better ranking in the second of the three pillars, namely the efficiency enhancers, which ranked 99th instead of 105th.
The three main pillars are Basic requirements, Efficiency enhancers, and Innovation and sophistication.
The decline in the first pillar (basic requirements) from 82 to 85 is caused by a drop in ranking from 120 to 125 in primary education and the health sector, a trend that has continued since the Global Competitiveness Report of 2009-2010, said Brown.
However, the country scores quite well in categories such as institutions, which ranked 48th, and infrastructure in 60th position.
Despite improvements, the score is still below previous years' performances.
Within these categories, auditing standards ranked 30th, and the quality of ports ranked 27th on the list, he noted.
Brown indicated that Namibia performed quite well regarding efficiency enhancers, with all indicators, except 'good markets efficiency' improving, including higher education and training from 119th to 115th.
Highlights in this category include total tax rate (16), soundness of banks (23) and legal rights index (28), with others being the business impact of HIV/AIDS (145), tuberculosis cases (145) the degree of customer orientation (140) and number of days to start a business (136).
The country also improved slightly in the third pillar (innovation and sophistication), moving from rank 103rd to 102nd.
Brown said some findings are rather surprising, such as the rating of railroad infrastructure in 45th position.
Namibia features in the bottom part of the ranking for some indicators, such as the market size (121) since the indicator is based on the total Gross Domestic Product (GDP) and not GDP per capita, which naturally disadvantages smaller economies.
Likewise, the country ranks low in terms of the availability of airline seats, which does not account for population size.
However, Brown said despite the need to review the usefulness of some of the indicators, the report provides useful feedback on how Namibia compares on a global level.