The GlobalCom petitiveness Index in detail

IN D ICATO R

VA LU E RA N K/142

IN D ICATO R

1stpillar:Institutions

VA LU E RA N K/142

6th pillar:G oods m arketefficiency

1.01
1.02
1.03
1.04
1.05
1.06
1.07
1.08
1.09
1.10
1.11
1.12
1.13
1.14
1.15
1.16
1.17
1.18
1.19
1.20
1.21

Property rights....................................................... 4.9 ............44

Intellectualproperty protection ............................. 4.1 ............43
D iversion of public funds ...................................... 3.9 ............46
Public trust of politicians ....................................... 2.6 ............73
Irregular paym ents and bribes .............................. 5.0 ............38
Judicialindependence ........................................... 3.9 ............65
Favoritism in decisions of governm ent officials .... 3.2 ............55
W astefulness of governm ent spending ................ 2.6 .......... 108
B urden of governm ent regulation ......................... 2.8 ...........110
E fficiency of legalfram ew ork in settling disputes 3.5 ............73
E fficiency of legalfram ew ork in challenging regs. 3.8 ............60
Transparency of governm ent policym aking ........... 4.2 ............ 74
B usiness costs of terrorism .................................. 5.1 ............97
B usiness costs of crim e and violence .................. 5.4 ............38
O rganized crim e .................................................... 5.7 ............46
R eliability of police services.................................. 5.8 ............24
E thicalbehavior of firm s ....................................... 4.7 ............39
S trength of auditing and reporting standards ....... 4.9 ............54
E fficacy of corporate boards ................................. 4.3 ............97
Protection of m inority shareholders interests...... 4.3 ............67
S trength of investor protection, 010 (best)* ....... 5.0 ............77

2.01
2.02
2.03
2.04
2.05
2.06
2.07
2.08
2.09

Q uality of overallinfrastructure ............................. 5.8 ............22

Q uality of roads..................................................... 5.9 ............11
Q uality of railroad infrastructure............................ 5.6 ..............9
Q uality of port infrastructure ................................. 5.8 ............13
Q uality of air transport infrastructure .................... 6.0 ............21
A vailable airline seat km s/w eek, m illions* ..... 3,690.7 ..............7
Q uality of electricity supply................................... 6.0 ............34
Fixed telephone lines/100 pop.* ......................... 43.2 ............21
M obile telephone subscriptions/100 pop.* ........ 111.8 ............54

3.01
3.02
3.03
3.04
3.05
3.06

G overnm ent budget balance, % G D P *................ -9.2 .......... 134

G ross nationalsavings, % G D P * ........................ 18.5 ............83
Inflation, annual% change* .................................. 2.0 ..............1
Interest rate spread, % * ....................................... 5.0 ............61
G eneralgovernm ent debt, % G D P * ................... 60.1 .......... 108
C ountry credit rating, 0100 (best)* ................... 72.0 ............35

4.01
4.02
4.03
4.04
4.05
4.06
4.07
4.08
4.09
4.10

B usiness im pact of m alaria ............................ N /A ppl. ..............1

M alaria cases/100,000 pop.* .............................. (N E )..............1
B usiness im pact of tuberculosis ........................... 6.5 ............21
Tuberculosis incidence/100,000 pop.* ................. 17.0 ............38
B usiness im pact of H IV /A ID S ............................... 6.2 ............23
H IV prevalence, % adult pop.* ............................. 0.4 ............79
Infant m ortality, deaths/1,000 live births*............. 3.5 ............19
Life expectancy, years* ........................................81.5 ..............6
Q uality of prim ary education ................................. 3.3 ............93
Prim ary education enrollm ent, net % * ............... 99.8 ..............2

5.01
5.02
5.03
5.04
5.05
5.06
5.07
5.08

S econdary education enrollm ent, gross % * ......119.9 ..............3

Tertiary education enrollm ent, gross % * ............ 70.6 ............18
Q uality of the educationalsystem ........................ 3.2 ............98
Q uality of m ath and science education ................ 3.3 ...........111
Q uality of m anagem ent schools ........................... 5.7 ..............6
Internet access in schools..................................... 4.6 ............50
A vailability of research and training services ........ 5.0 ............26
E xtent of staff training .......................................... 3.7 ............90

2nd pillar:Infrastructure

3rd pillar:M acroeconom ic environm ent

4th pillar:H ealth and prim ary education

5th pillar:H igher education and training

6.01
6.02
6.03
6.04
6.05
6.06
6.07
6.08
6.09
6.10
6.11
6.12
6.13
6.14
6.15
6.16

Intensity of localcom petition................................ 5.5 ............23

E xtent of m arket dom inance................................. 4.5 ............29
E ffectiveness of anti-m onopoly policy................... 4.5 ............36
E xtent and effect of taxation................................. 3.0 ...........110
Totaltax rate, % profits*..................................... 56.5 .......... 119
N o. procedures to start a business*...................... 10 .......... 107
N o. days to start a business* ................................ 47 .......... 121
A griculturalpolicy costs ........................................ 3.5 .......... 106
Prevalence of trade barriers .................................. 5.1 ............26
Trade tariffs, % duty*............................................ 0.8 ..............4
Prevalence of foreign ow nership........................... 5.2 ............31
B usiness im pact of rules on FD I........................... 4.5 ............83
B urden of custom s procedures ............................ 4.5 ............44
Im ports as a percentage of G D P * ...................... 28.2 .......... 122
D egree of custom er orientation............................ 4.6 ............68
B uyer sophistication .............................................. 3.8 ............44

7.01
7.02
7.03
7.04
7.05
7.06
7.07
7.08
7.09

C ooperation in labor-em ployer relations................ 3.9 ...........111

Flexibility of w age determ ination .......................... 3.6 .......... 128
R igidity of em ploym ent index, 0100 (w orst)* ... 49.0 .......... 123
H iring and firing practices ..................................... 2.6 .......... 137
R edundancy costs, w eeks of salary* .................... 56 ............93
Pay and productivity .............................................. 3.1 .......... 126
R eliance on professionalm anagem ent................. 4.7 ............45
B rain drain ............................................................. 3.5 ............54
W om en in labor force, ratio to m en* .................. 0.77 ............ 74

8.01
8.02
8.03
8.04
8.05
8.06
8.07
8.08

A vailability of financialservices............................. 5.6 ............29

A ffordability of financialservices .......................... 5.0 ............27
Financing through localequity m arket.................. 3.3 ............85
E ase of access to loans ........................................ 2.4 ............99
Venture capitalavailability ..................................... 2.7 ............59
S oundness of banks.............................................. 5.2 ............73
R egulation of securities exchanges....................... 3.7 .......... 107
Legalrights index, 010 (best)* ............................ 6.0 ............60

9.01
9.02
9.03
9.04
9.05
9.06

A vailability of latest technologies .......................... 5.9 ............33

Firm -leveltechnology absorption .......................... 5.2 ............46
FD I and technology transfer.................................. 4.9 ............52
Internet users/100 pop.* ..................................... 66.5 ............33
B roadband Internet subscriptions/100 pop.* ...... 23.0 ............26
Internet bandw idth, kb/s/capita*......................... 36.9 ............23

2.1: Country/Economy Profiles

Spain

7th pillar:Labor m arketefficiency

8th pillar:Financialm arketdevelopm ent

9th pillar:Technologicalreadiness

10th pillar:M arketsize

10.01 D om estic m arket size index, 17 (best)* .............. 5.4 ............13
10.02 Foreign m arket size index, 17 (best)* ................. 5.7 ............20

11th pillar:B usiness sophistication

11.01
11.02
11.03
11.04
11.05
11.06
11.07
11.08
11.09

Localsupplier quantity .......................................... 5.4 ............17

Localsupplier quality............................................. 5.3 ............25
S tate of cluster developm ent................................ 4.0 ............40
N ature of com petitive advantage .......................... 4.2 ............31
Value chain breadth ............................................... 4.5 ............24
C ontrolof internationaldistribution ....................... 4.3 ............44
Production process sophistication ........................ 4.5 ............35
E xtent of m arketing............................................... 4.7 ............38
W illingness to delegate authority ......................... 3.7 ............65

12.01
12.02
12.03
12.04
12.05
12.06
12.07

C apacity for innovation .......................................... 3.5 ............36

Q uality of scientific research institutions .............. 4.3 ............39
C om pany spending on R & D .................................. 3.3 ............47
U niversity-industry collaboration in R & D ............... 4.1 ............42
G ovt procurem ent of advanced tech products..... 3.4 ............85
A vailability of scientists and engineers ................. 4.6 ............31
U tility patents granted/m illion pop.* ..................... 9.1 ............28

12th pillar:Innovation

Notes: Values are on a 1-to-7 scale unless otherw ise annotated w ith an asterisk (*).For further details and explanation,please refer to the section H ow to
Read the Country/Econom y Profiles on page 89.

The Global Competitiveness Report 2011-2012 2011 World Economic Forum

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