Malta’s competitiveness ranked by World Economic Forum

Malta has ranked 34th on the level of sophistication of financial markets in the 2008-2009 in the Global Competitiveness Report issued by the World Economic Forum. It had a score of 5.3. Switzerland ranked first with a score of 6.8, followed by Hong...

Malta has ranked 34th on the level of sophistication of financial markets in the 2008-2009 in the Global Competitiveness Report issued by the World Economic Forum. It had a score of 5.3.

Switzerland ranked first with a score of 6.8, followed by Hong Kong SAR (score of 6.6) and the United States with a score of 6.5. Financial market sophistication is one of the several important components of national competitiveness.

As regards trustworthiness and confidence, Malta ranked 10th with respect to soundness of banks and 22nd with regards to regulation of securities exchanges.

Malta ranked 52nd as regards overall competitiveness, an improvement from the previous year’s ranking of 56th place. The United States ranked 1st followed by Switzerland and Denmark in 2nd and 3rd places respectively. Malta has ranked relatively highly with regards to the following competitiveness pillars: health and primary education; financial market sophistication; technological readiness; macroeconomic stability; and goods market efficiency.

The full competitiveness report can be downloaded from: http://www.weforum.org/documents/GCR0809/index.html

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