Slovakia is more digitally competitive, but it still lags behind its neighbours

Slovakia placed 47th in the 2019 World Digital Competitiveness Ranking.

Illustrative stock photoIllustrative stock photo (Source: Sme)

Although Slovakia improved its digital competitiveness, it still lags behind its neighbours.

The country jumped up three places to finish 47th out of 63 countries in the 2019 World Digital Competitiveness Ranking.

The ranking is published by the renowned Swiss Institute for Management Development in cooperation with F. A. Hayek Foundation and another 56 organisations from across the globe.

“The index reflects the readiness of the business environment for the development of the digital economy,” said Martin Reguli, analyst with F. A. Hayek Foundation, as quoted by the TASR newswire.

Three factors examined

Read alsoSlovakia is more digitally competitive Read more 

The ranking measures the capacity and readiness of 63 economies to adopt and explore digital technologies as a key driver for economic transformation in business, government and wider society.

It examined three factors: knowledge, which measures the know-how necessary to discover, understand and build new technologies; technology, which evaluates the overall context that enables the development of digital technologies; and future readiness, which assesses the level of preparedness to exploit digital transformations.

A quality business environment helps businesses develop their digital capacities as digital technologies are becoming a driving force in the transformation of the economy, Reguli added.

The United States tops the 2019 ranking, followed by Singapore and Sweden.

The worst in central Europe

Although Slovakia has improved its position in the ranking, it still lags behind the Czech Republic, which dropped by four places to 37th.

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Poland moved up three places this year to finish 33rd, making it the leader in central Europe in this regard. Hungary placed 43rd. Even Bulgaria and Romania finished ahead of Slovakia.

Slovakia was the most successful in developing digital innovation and readiness for future developments.

The difference in the competitive power of post-communist and "western" countries is evident, according to Reguli. He mentioned Austria as an example. Despite being a neighbour of Slovakia, it ranked much higher, placing 20th.

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