Belgium currently ranks 17th in terms of global competitiveness – climbing 2 places in the World Economic Forum’s Global Competitiveness Report 2016-2017. Discover the strengths of Belgium, and Flanders as a region, that contributed to this ranking.
World-class healthcare and education
To rank countries based on their competitiveness, the World Economic Forum (WEF) investigates a variety of factors. On a worldwide scale, Belgium scored particularly well on healthcare and primary education (ranking 3rd worldwide), higher education in general (5th), quality of higher education in mathematics and sciences (3rd), and management schools (3rd).
Strong in research, innovation and business
According to the WEF, Belgium also boasts high-quality scientific research institutes (ranking 6th worldwide). In addition, the country continues to score highly in terms of technological readiness (15th) and innovation (15th). Furthermore, Belgium’s sophisticated business sector claims the 11th place worldwide, while its goods market ranks 13th when it comes to efficiency.
Marked progress in financial and labor markets
Finally, the WEF’s Global Competitiveness Report 2016-2017 also mentions several domains in which Belgium has secured marked progress. Some of these include: the development of the country’s financial market (rising 7 places to reach the 29th spot worldwide) and the efficiency of its labor market (gaining 9 places to rank 45th).
About Belgium and Flanders
With Dutch as its official language, Flanders (Dutch: Vlaanderen) is the northern region of Belgium. The capital of both Belgium and Flanders is Brussels.
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