World’s sixth most efficient government

The Encyclopedia of New Zealand

New Zealand has the sixth most efficient government in the World, reported by the World economic forum (WEF).

The global competitiveness report 2014 – 2015 rated New Zealand out of 144 global governments.

The report found that Qatar was the most efficient, followed by Singapore, Finland, Hong Kong and the United Arab Emirates.

Paul Muggeridge from WEF said that efficiency within government was a contributor to economic growth.

“The efficiency of government has a significant bearing on a country’s competitiveness and economic growth. Excessive bureaucracy and regulation, a lack of transparency, and inadequate legal frameworks all impose additional costs on business and impede expansion,” he said.

Venezuela managed to hit top of the table as the most inefficient, followed by Italy, Argentina, Lebanon and Libya.

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