Rwanda Named Most Competitive Economy in East African Region

Filed in: rwanda, economic development

Written by Wesley Cate on September 16, 2014

This year’s Global Competiveness Index named Rwanda the most competitive economy in the East African region. Kenya claimed the number two spot.

The index, released annually by the World Economic Forum, ranks the world’s economies based on twelve “pillars of competitiveness.” These pillars include: Institutions, infrastructure, macroeconomic environment, innovation, business sophistication, market size, technological readiness, financial market development, labor market efficiency, health and primary education, higher education and training, goods market efficiency.

Rwanda scored highest on its ease of doing business, stable institutions, health and primary education, and labor market efficiency. Its lowest scores came from market size, infrastructure, and higher education & training.

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