Israel Ranked 22nd Most Competitive Country by WEF

September 20, 2011 at 5:30 pm | Posted in Investment, Israel | Leave a comment
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The World Economic Forum (WEF) in its annual survey of 142 countries rated Israel as the 22nd most competitive country in the world, 2 spots above its ranking in 2010.

The report states, “Israel’s main strengths remain its world-class capacity for innovation (6th), which rests on highly innovative businesses that benefit from the presence of the world’s best research institutions, geared toward the needs of the business sector. The excellent innovation capacity, which is additionally supported by the government’s public procurement policies, is reflected in the country’s high number of patents (4th). Its favorable financial environment (10th), particularly the solid availability of venture capital (2nd), has further contributed to making Israel an innovation powerhouse; these elements have become stronger in the course of the past year.”

Israel’s Investment Promotion Centre

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Israel’s WEF Ranking Improves to 24th Place, Boosted by Innovation

October 7, 2010 at 10:27 am | Posted in Israel | Leave a comment
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Israel’s ranking in the World Economic Forum’s Global Competitiveness Report 2010-2011 increased to 24th place from 27th the year before.

Israel’s improvement in the ranking was mainly attributed to the country’s innovation.

“The country’s main strength remains the excellent and improving capacity for innovation, the category in which Israel came in 6th place, which rests not only on highly innovative businesses but also on the availability of high-quality research institutions and is reflected in a high number of patents,” stated the report.

The report’s country profile assessment also noted that Israel’s favorable financial environment, the category in which it was placed 14th, and the availability of venture capital, the pillar in which it came in 10th place, also contributed to making the country an innovation powerhouse.

The Global Competitiveness Index is based on 12 pillars of competitiveness, which together provide a comprehensive picture of the competitiveness landscape in 139 economies around the world at all stages of development.

Israel’s Investment Promotion Centre

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