It is noted that the position of Russia has not changed compared to last year.

First place in this ranking is Singapore, second in the United States, third in Hong Kong.

The global competitiveness index is composed of 103 indicators. Each indicator using a scale from 0 to 100 shows how “the economy is close to perfect condition”.

Earlier, Fitch upgraded Russia's long-term foreign currency credit rating at investment grade from BBB- to BBB.