How successful is your country?

Goldman in his recent study notes that the competitive strengths of companies often stem from the advantages of the countries they reside in.

These include a combination of resource availability (food, energy, mining and others), demographics, trade positioning, infrastructure quality and above all, the presence of strong, inclusive institutions that encourage innovation.

So, what follows is Goldman's attempt to map the various success drivers of the world’s countries.

Goldman divides the drivers into four categories:

Innovation
Patents per capita, R&D as a percentage of GDP, venture capital as a percentage of GDP and the birth rate of companies.

Institutions
Confidence in national institutions, days aken to enforce a contract, the cost of starting a business and the GINI co-efficient that measures income inequality.

Resources
Net crude oil exports/(imports) as a percentage of consumption, per capita food surplus/(deficit), copper + iron ore + aluminum surplus/(deficit) and retirees as a percentage of population.

Infrastructure
Transport (airports per capita, railways per sq km), electricity production per capita and internet penetration.
Italy again scores among the worst countries in Europe just after Greece; in brief its institutions are weak, Internet penetration is appalling and when it comes to enforce contracts; it is the worst country in Europe and far behind many third world countries like Nigeria or Kenya who rank much better than Italy on this aspect.


The overall scorecard...





and a close up on Europe... (click image for huge version)


Source: Goldman Sachs