The report, which comprises publicly available data and responses from business managers across 144 economies, ranked Romania 26th among European Union members, one spot above Greece, which lost about 20% of its gross domestic product during recession.
Romania is outranked by Hungary, Bulgaria and Ukraine, as well as by Vietnam, Georgia, Morocco, Colombia, Russia, Iran, Rwanda, Peru, India, Kazakhstan, Azerbaijan and Turkey.
Romania scored best in the efficiency category (which refers to the access to education, the labor market and goods market efficiency, financial market development, technological readiness), where it is ranked 64th.
On the other hand, in the area of innovation, the country came in the 106th position, the Forum noted in its Global Competitiveness Report 2012-2013.
According to the report, Romania is ranked 90th in the world regarding infrastructure, macroeconomic environment, institutions and access to healthcare services and primary education.
Worldwide, Switzerland ranks first, followed by Singapore, Finland, Sweden, The Netherlands, Germany, the United States, the UK, Hong Kong and Japan.