Botswana has been ranked number one in the world for its macro-economic stability, inflation, debt dynamics, labour, tax rate and risk for terrorism.The rating is contained in the 2018 World Economic Competitiveness Index.
However, overall, Botswana has dropped 26 positions from last year to be ranked 90th out of 140 countries surveyed in the Index
In 2017 Botswana was ranked 64th out of 138 countries, which was an improvement of eight positions compared to 2016.Botswana was ranked fourth in sub-Saharan Africa, after Mauritius, South Africa and the Seychelles. The Global Competitiveness Report (GCR) uses research and sample surveys to establish countries’ rankings across institutions, policies and factors that gauge their levels of sustainable economic prosperity.
While the annual report and its rankings are highly prized by governments and policymakers, investors also use them as decision-making tools. Locally, the Botswana National Productivity Centre (BNPC) is the lead agency for the GCR’s implementation and dissemination.GCR is determined by numerous and diverse factors, which were divided into three sub indexes: basic requirements, efficiency enhancers, innovation and sophistication factors.