Kazakhstan has ranked 38th in the international ranking of the world's most competitive economies, becoming the only CIS country to make the list. The findings come from a global study published by the IMD World Competitiveness Center, according to infohub.kz.
The annual study by the Swiss-based IMD World Competitiveness Center assesses the economies of 70 countries across four key areas: economic performance, government efficiency, business efficiency, and infrastructure. In this year's list, Kazakhstan scored 65.4 points and took 38th place.
The top of the ranking is occupied by 10 leading nations: Singapore (100 points), Hong Kong (95.6), Switzerland (95.3), Taiwan (94.3), the UAE (94.1), Denmark (94.1), Ireland (94.1), the Netherlands (90.1), Sweden (88.5), and the United States (86.8).
In this global list, Kazakhstan's performance placed it ahead of a number of countries, including Spain, Portugal, Poland, Italy, and Argentina.
In the country's individual profile across the four key areas, the following scores were recorded: for Government Efficiency, Kazakhstan scored 63.0 points and ranked 23rd. In Business Efficiency, the country took 23rd place with a score of 66.5 points.
In addition, the Infrastructure score was 46.2 points, placing the country 43rd in this area, while in Economic Performance it stood at 57th place with 43.5 points.
The study also presents Kazakhstan's key macroeconomic indicators: gross domestic product (GDP) totaled $306.2 billion, ranking the country 44th on this measure.
GDP per capita by purchasing power parity (PPP) reached $45,286.3, securing 43rd place. The country's real GDP growth was 6.5%, placing it 6th on this indicator.
Meanwhile, the population stood at 20.4 million (32nd place), the unemployment rate at 4.6% (31st place), and consumer price inflation at 11.4% (65th place).