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Measuring the competitiveness of Croatia
 

2008. - Croatia 61st on global competitiveness ranking


In the rankings for the Global Competitiveness Index Croatia has fallen by four places, compared to last year, from 57th to 61st place. Croatia, for the third year in a row, is better ranked than the newest European Union member states Romania and Bulgaria. Moreover, Croatia is better positioned this year than Hungary that has fallen for 14 places, from 47th to 62nd place, and Turkey that has sunken from 53rd to 63rd place.

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2007. – Croatia Closer to EU Countries in Competitiveness


In the rankings for the Global Competitiveness Index Croatia is in 57th place, and has drawn closer to some of the new members states of the European Union (EU) – Poland in 51st place and Hungary in 47th place. Romania and Bulgaria, the newest members of the EU are both ranked lower than 70th place. The most competitive country in the world is the United States. According to the Business Competitiveness Index, which measures the competitive ability of a company, Croatia is in 60th place, while the new members of the EU are ranked between 30th and 50th place (the Czech Republic - 32nd, Slovenia - 35th, Slovakia - 44th and Hungary - 47th).

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2006. – Croatia significantly improves its global competitiveness

According to the Global Competitiveness Index, Croatia has made a significant jump in comparison to last year, moving from 64th place to 51st place (with an equal number of average scores -- 4.3 -- as Indonesia, which is ranked in 50th place). This represents a gain of 13 positions. With this result Croatia is now very close to the advanced transition countries -- Slovakia in 37th place, Hungary in 41st place, and Poland in 48th place while other candidate countries for EU membership are ranked lower - Romania and Bulgaria in 68th and in 72nd place respectively. The neighboring countries of Macedonia, Serbia and Montenegro, as well as Bosnia and Herzegovina are all ranked lower than 80th place, while Slovenia this year is ranked three positions lower. At the same time, according to the Business Competitiveness Index, which measures the competitive capabilities of companies, Croatia has registered a rise of nine places, from 65th place to 56th place out of 121 countries.

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2005. – Some visible indications of positive changes in Croatia

On the Growth Competitiveness Index, Croatia's ranking improved to 62nd place out of 117 countries. This represents, comparing to last year, a real improvement of two places. In the Business Competitiveness Index, Croatia jumped from 72 to 63, a real improvement of 12 places. At the same time, Croatia advanced from 79 out of 104 counties to 64 out of 117 countries on the Global Competitiveness Index, whose methodology has been partially revised from last year. Most noticeably, Croatia now occupies roughly the same position -- between 62nd and 64th place -- on all three indexes. The results of the Report demonstrate that Croatia's competitiveness is improving, and that it is now in a group with Bulgaria and Romania. Other comparable transition countries, for example, Slovenia, Estonia, Slovakia, Hungary and the Czech Republic are in front of Croatia, while Serbia and Montenegro, Macedonia, and Bosnia and Herzegovina remain behind Croatia.

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2004. – Significant Decline in Croatia's Position

According to the Growth Competitiveness Index, Croatia fell from 53rd place to 61st place out of 104 countries ranked, which represents a real decline of five places. According to the Business Competitiveness Index, Croatia was ranked in 62nd place in 2003 but in 2004 it occupies 67th place out of 93 countries, a real decline of four places.

The results of the Report show that comparable transition countries, for example, Romania, Bulgaria, Estonia, Slovakia, and the Czech Republic, registered growth in both Indexes in comparison to the previous year. Also, according to the new Global Competitiveness Index, Croatia is lagging behind the transition countries, and is only ranked ahead of Macedonia, Serbia and Bosnia Herzegovina, while countries like Bulgaria and Romania are considerably ahead of it.

Conclusion: Three-year Trend in Croatia (2002-2004)

  • Croatia's Position Has Deteriorated

  • The Dynamic of Change in Croatia is Too Slow - Comparable Counties Have Passed Us

  • Businessmen are constantly pointing to the same problems: inefficient bureaucracy, corruption, technological backwardness, and inadequately educated workforce....

  • OTHER COUNTRIES ARE TAKING FASTER AND BIGGER STEPS THAN WE ARE!

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2003. – No Significant Changes in Croatia's Position

According to the Growth Competitiveness Index (GCI), Croatia's position shifted from 58th place among 80 countries to 53rd place among 102 countries. According to the Business Competitiveness Indes (BCI, which replaced the Microeconomic Competitiveness Index in 2002), Croatia was ranked 62nd among 95 countries, while in the previous year it was ranked 52nd among 80 countries.
It is noticeable that the countries closest to Croatia -- Slovenia, Hungary, Romania, and Bulgaria registered a decline in both Indexes of competitiveness. The inclusion of new countries in the analysis did not have a significant effect on Croatia's overall competitiveness rankings because the majority of these countries occupy positions lower than Croatia. For example, Serbia was ranked 77th and Macedonia was ranked 88th in the Growth Competitiveness Index.

In 2002, for the first time, Croatia was included in the «Global Competitiveness Report 2002-2003» published by the World Economic Forum and Harvard University, USA. This is the most extensive and the most current comparative source of data on competitive advantages and weaknesses of economies around the world. It examines growth potential, opportunities for achieving competitive advantage at the company level, and the business climate in 80 countries.

In these competitiveness rankings for 2002-2003, Croatia came in 58th in the growth potential index, and 52nd in the microeconomic competitiveness index. A comparison of Croatia's results with the results of neighbouring countries in transition showed that Croatian companies are going through basic structural changes, although more slowly than other countries. Croatia fares better than Romania and Bulgaria, but is far behind the more advanced transition countries such as Slovenia and Hungary.

In more detail: the «Global Competitiveness Report 2002-2003: an Analysis of Croatia» Executive Summary

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National Competitiveness Council
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