The 2013/2014 report on Global Competitiveness indicates that Oil-producing African economies like Nigeria, Gabon, Cameroon, and Chad are suffering setbacks.

CEOAFRICA news desk has noted that these African region continues to trail behind others significantly with  Nigeria ranking 120, Gabon 112^th; Cameroon 115^th and Chad 148^th – indicating stagnate or decline in the ranking.

However, it is pertinent to note that African countries like Mauritius (45^th) improves by nine places, overtaking South Africa (53^rd), which remains relatively stable, including some of African middle-income economies-Botswana (74^th), Namibia (90^th), Zambia (93^rd), Senegal (113^th), Lesotho (123^rd) and Swaziland (124^th).

The Global Competitiveness Report’s competitiveness ranking is based on the Global Competitiveness Index (GCI), which was introduced by the World Economic Forum in 2004.

However competitiveness in this aspect is defined as the set of institutions, policies and factors that determine the level of productivity of a country, GCI scores are calculated by drawing together country-level data covering 12 categories – the pillars of competitiveness – that together make up a comprehensive picture of a country’s competitiveness.