Lithuania has dropped one position in the 2012-2013 edition of World Economic Forum’s Global Competitiveness Index, lrytas.lt reports. The country took 45th place out of 142. Estonia was ranked 34th, which is the highest result among the Baltic countries. Latvia went up nine positions from 64th to 55th place.
At the top of the list is Switzerland, Singapore and Finland.
The Global Competitiveness Index measures country’s competitiveness by assessing the country’s institutions, infrastructure, macroeconomic stability, health and education systems, commodity and labor market efficiency, financial market development, technological development, market size, business progress and innovation.