Russia climbed in the global tourism competitiveness ranking

Russia climbed in the global tourism competitiveness ranking

The World Economic Forum has published another report on the development of the tourism industry in 140 countries over the past two years. Russia in this in the world rating of competitiveness has risen 4 positions up.

RUSSIA OUTSTANDED TURKEY, HUNGARY AND ISRAEL

In the world rating of the competitiveness of the tourism and travel industry in the 2019 version, Russia took 39th place, having improved its position over the past two years by 4 points at once. Earlier, in 2015, our country was on the 45th line.

Taiwan (37th) and the Czech Republic (38th) became Russia's closest neighbors in the 2019 ranking, followed by Indonesia (40th) and Costa Rica (41).

It is noteworthy that the Russian Federation in terms of tourism development bypassed Turkey (43rd place), Cyprus (44), Bulgaria (45), Hungary (48), Israel (57), Vietnam (63), the Dominican Republic ( 73).

In addition, Russia topped the rating of the post-Soviet countries. Estonia, which was the leader 2 years ago (37th place), was only in 46th place in the 2019 ranking. Latvia took 53rd place, Lithuania - 59th place, Georgia was in 68th place. Azerbaijan - 71. Ukraine took 78th place in the rating, Armenia - 79th position, Kazakhstan - 80th place, and Tajikistan - 104th place. The worst thing about the overall assessment of tourism competitiveness among all the countries of the former USSR is that of Kyrgyzstan - 110th line of the rating.

SPAIN ONCE AGAIN

Spain has been recognized as the country with the most stable and dynamic tourism sector for the third time in a row. According to the WEF, Spain has the most “developed economy oriented towards tourism”, while “more than half of the sector's income comes from international visitors”.

The TOP-10 also includes France, Germany, Japan, USA, UK, Australia, Italy, Canada and Switzerland.

Egypt ranked 65th in the list of competitive countries, moving up 10 positions.

The last three places in the list of 140 countries are occupied by Liberia, Chad, Yemen (140).

HOW WEF RATED DIRECTIONS

The T&T Competitiveness Index, published by the WEF every two years, contains detailed profiles of the tourism industries of 140 economies of the world, analyzed by 14 main indicators, on the basis of which the rating of countries in terms of the competitiveness of their tourism and travel industries is built.

Russia climbed in the global tourism competitiveness ranking

Content of the article:

What is Doing Business rating and why is it needed

The success of a business depends not only on the entrepreneur and his team, but also on the circumstances and environment in the business and investment climate of the country, which can undermine all undertakings and business success. First of all, these are conditions such as the level of bureaucracy in the country, the taxation system, control of entrepreneurial activity by legislation and authorities, and much more.

To assess the ease of doing business and the general level of the business climate in the countries of the world, the World Bank created a special rating - Doing Business. To be more precise, the index was created by two economists - Simenon Dyankov and Geghard Pol in 2003, based on research by another economist, 2016 Nobel Prize laureate, Oliver Hart.

Since 2003, the Doing Business rating has been published annually by the World Bank based on annual data. As of 2020, the ranking includes 190 countries of the world.

The overall Doing Business rating is based on the index. A high indicator of this index signals the quality and ease of business regulation in the country and the protection of the entrepreneur's property rights. The Doing Buisness General Index is calculated based on specialized indicators.

Rating Indicators

The Ease of Doing Business Index, or in other words, the Doing Business rating is calculated on the basis of ten indicators reflecting the state of the economy and business in the country.

So, here is a list of 10 Key Doing Business Indicators from the World Bank:

  • Speed ​​of business registration
  • Speed ​​of obtaining a building permit
  • Electrical connection
  • Property registration process
  • Loan procedure
  • Investor protection
  • Business taxes
  • Level of international trade
  • Enforcement of contracts
  • Business liquidation procedure

For indicators, in addition to the speed of all basic procedures, that is, the time for their execution, costs, required capital, strength and observance of legal rights of procedures, openness of financial information, the number of required documents and the procedures themselves and other parameters are also taken into account ...

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