Besides Singapore and Japan, Hong Kong SAR (7th, 82.3) is the third economy from East Asia and the Pacific region in the top ten, confirming the widely held view that overall growth momentum in the region is set to last. When combining these factors, the United States achieves the best overall performance with a score of 85.6, ahead of Singapore and Germany. Since 2015, however, the US has lost competitiveness against 31 of the 34 countries in the index. Note: The Global Competitiveness index 4.0 captures the determinants of long-term growth. In 52 economies over 90% of respondents complete the Survey online, while in a further 21 economies, at least 50% of respondents completed the Surv… UAE in Top 25. For specific uses permission MUST be requested. Recent developments are reflected only insofar as they have an impact on data measuring these determinants. In general, European countries continue to dominate the GTCI rankings, with 15 in the top 25. It was first launched in 1979. Global Competitiveness Index 2019; Global Competitiveness Index 2019. source: World Economic Forum. The Global Competitiveness Index 2017-2018 presents a framework and a corresponding set of indicators in three principal categories (subindexes) and twelve policy domains (pillars) for … The GSCI measures competitiveness of countries based on 127 measurable, quantitative indicators derived from reliable sources, such as the World Bank, the IMF, and various UN agencies. This is the top 30 of the 2018 report: United States 85.6 (+1) Singapore 83.5 (+1) Germany … The chief reasons are strong gains by the dollar over other major currencies, factory wages that have been rising faster than manufacturing productivity growth, and a declining energy-cost advantage as gaps in global energy prices narrow. Competitiveness Index in Thailand averaged 19.06 Points from 2007 until 2019, reaching an all time high of 68.11 Points in 2019 and a record low of 4.51 Points in 2011. The Index measures with more than 70 comparable indicators the ability of a region to offer an attractive and sustainable environment for firms and residents to live and work. Thailand scored 68.11 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. UAE leads the MENA region and is ahead of Denmark, U.K., and Germany at #5 globally on the DHL ranking. In Depth: Is there a formula for innovation? Competitiveness Index in Ukraine averaged 16.02 Points from 2007 until 2019, reaching an all time high of 57.03 Points in 2018 and a record low of 3.90 Points in 2011. Context. These are the only two in the top 50. This is the fourth version of the global competitiveness index – hence referred to as GCI 4.0 – and it was introduced in 2018. They comprise 98 individual indicators. Venezuela (127th, 43.2) and Haiti (138th, 36.5) close the march. With a score of 85.6 out of 100, the United States is the country closest to the frontier of competitiveness. G20 results are highly diverse. Note: The Global Competitiveness index 4.0 captures the determinants of long-term growth. The Global Competitiveness Index 4.0 2019 Rankings 2018 Diff. 140Chad 35.5 –6 — Covering 140 economies, the Global Competitiveness Index 4.0 measures national competitiveness—defined as the set of institutions, policies and factors that determine the level of productivity. These pillars are: Institutions, Infrastructure; Technological readiness; Macroeconomic context; Health; Education and skills; Product market; Labor market; Financial system; Market size; Business dynamism; and Innovation. Brazil went down by 8 in rank for the Global Competitiveness Index from 2007 to 2017. Oliver Cann, Public Engagement, World Economic Forum, Tel. Pillars of Economic Competitiveness. The region’s competitiveness remains fragile and could be further jeopardized by a number of factors including increased risk from trade protectionism in the United States; spillover of Venezuela’s economic and humanitarian crisis; policy uncertainty from elections in the region’s largest economies, and disruptions from natural disasters threatening the Caribbean. The index is based on 103 indicators and data from international organisations as well as the World Economic Forum. Kenya is in 93rd position with a score of 53.7 while Nigeria is in 115th position with a score of 47.5 out of 100. Of the BRICS grouping of large merging markets, China is the most competitive, ranking 28 in the Global Competitiveness Index with a score of 72.6. With a score of 71.2, the United States trails Korea by a full 20 points. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The 2016-2017 edition covers 138 economies. Results should be interpreted in this context. Seventeen of the 34 sub-Saharan African economies studied are among the bottom 20, and the region’s average (45.2) placed it less than halfway to the frontier. One unifying theme among the world’s most competitive economies is that they all possess considerable room for improvement. source: World Economic Forum. : +4179 799 3405; [email protected], عربي I Español I Français I Português I 日本語 I 中文. The Global Competitiveness Index 2015-2016. In Depth: Are prosperity, people and planet compatible? The Global Competitiveness Index (GCI) is a composite index of four groups of indicators: enabling environment (institutions, infrastructure, ICT adoption, and macro-economic stability), human capital (health, skills), markets (product market, labor market, financial system, market size), … Please contact gcp@weforum.org for any question.. Go here for more information about the Global Competitiveness Report and Index.. The index is an annual yardstick for policy-makers to look beyond short-term and reactionary measures . This year’s Global Competitiveness Report is the latest edition of the series launched in 1979 that provides an annual assessment of the drivers of productivity and long-term economic growth. Any other uses, such as conference presentations, posting on web sites or consulting reports, are FORBIDDEN. The Global Competitiveness Index 2015-2016 presents a framework and a corresponding set of indicators in three principal policy domains (pillars) and twelve sub-domains (sub-pillars) for 140 countries. Both indicators of this pillar are highly valued: inflation, as well as sovereign debt dynamics. Covering 137 economies, the Global Competitiveness Index 2017–2018 measures national competitiveness—defined as the set of institutions, policies and factors that determine the level of productivity. Sweden (9th, 81.7) is the highest ranked of the Nordic economies, while France (17th, 78.0) is among the top 20. Singapore ranks second in the overall rankings (score of 83.5), with openness as the defining feature of this global trading hub and one of the main drivers of its economic success. International Digital Government Rankings 2018 #1 in Arab World. (www.weforum.org). The annual Global Competitiveness Index is compiled by the Geneva-based World Economic Forum (WEF). The Global Competitiveness Report 2015-2016 assesses the competitiveness landscape of 140 economies, providing insight into the drivers of their productivity and prosperity. This page reports the GCI 4.0 2018 rankings for the twelve pillars of the Index (Tables 1–3). The country experienced one of the biggest drops from 56/140 in 2018 … Countries must invest in people and institutions to deliver on the promise of technology.” said Saadia Zahidi, Member of the Managing Board and Head of the Centre for the New Economy and Society. In Depth: Are institutions still important? The Global Competitiveness Index (GCI), which was launched in 1979, maps the competitiveness landscape of 141 economies through 103 indicators organised into 12 pillars. Global Competitiveness Index 2017–2018 Appendix B: Global Competitiveness Index 2017–2018 Rankings 325 Appendix C: The Executive Opinion Survey: 333 The Voice of the Business Community Appendix D: Technical Notes and Sources 341 Appendix E: The Future of Competitiveness Benchmarking: A Proposal 353 Acknowledgments 375 Contents Here, 103 countries score lower than 50 in this area of the index which is topped by Germany, followed by the United States and Switzerland. India’s rank on the Global Competitiveness Index 4.0. This page provides the latest reported value for - Turkey Competitiveness Index - plus … Its latest rank is 80 out of 137 countries for 2017. The Global Competitiveness Index 2019 (GCI 4.0) has been released by the World Economic Forum (WEF).The 2019 edition of the index covers 141 economies which is equal to 99% of the world GDP. This is especially true when it comes to innovation: while it is true that a strong focus on technology can provide leapfrogging opportunities for low and middle income countries, governments must not lose sight of ‘old’ developmental issues, such as governance, infrastructure and skills. Global Competitiveness Index, 2018. The Report is part of the World Economic Forum’s Centre for the New Economy and Society, which aims to build dynamic and inclusive economies in an era of accelerated technological and political change, providing leaders with a platform to understand and anticipate emerging economic and social trends and to adapt policies and practices to our rapidly evolving context. A weekly update of what’s on the Global Agenda. This is a significant step towards Both indicators of this pillar are highly valued: inflation, as … Report highlights. Advertisement Font Size. One of the report’s most concerning findings is the relative weakness across the board when it comes to mastering the innovation process, from idea generation to product commercialization. It is far from the frontier in areas such as checks and balances (76.3, 40th), judicial independence (79.0, 15th), and corruption (75.0, 16th). The material cannot be copied or redistributed in ANY FORM and on ANY MEDIA. introduced last year the new Global Competitiveness Index 4.0, a much-needed new economic compass, building on 40 years of experience of benchmarking the drivers of long-term competitiveness. Global Talent Competitiveness Index 2020. The report also presents a strong argument that redistributive policies, safety nets, investments in human capital, as well as more progressive taxation aimed at addressing inequality do not need to compromise an economy’s levels of competitiveness. The country’s institutional framework also remains relatively sound (74.6, 13th). Appendix A: Global Competitiveness Index 4.0 2018 Pillar Rankings 615 Appendix B: The Executive Opinion Survey: 623 The Voice of the Business Community Appendix C: Global Competitiveness Index 4.0 Methodology and Technical Notes 631 Contributors and Acknowledgements 649 Partner Institutes 651 Contents Competitiveness Index in Liberia averaged 18.20 Points from 2013 until 2018, reaching an all time high of 40.55 Points in … For example, while the report’s Global Competitiveness Index finds that Singapore is the most ‘future-ready’ economy, it trails Sweden when it comes to having a digitally skilled workforce. Emerging markets such as Mongolia (99th, 52.7), Cambodia (110th, 50.2) and Lao PDR (112th, 49.3) are only half way to the frontier, making them vulnerable to a sudden shock, such as a faster-than-expected rise in interest rates in advanced economies and escalating trade tensions. China is the most competitive manufacturing nation…for now: Consistent with the previous 2010 and 2013 Global Manufacturing Competitiveness Index studies, China is again ranked as the most competitive manufacturing nation in 2016, but is expected to slip to second position as global … India has moved down 10 places to rank 68th in 2019 from 58th in 2018 on the global competitiveness index. This data suggests that global economic health would be positively impacted by a return to greater openness and integration. The Global Sustainable Competitiveness Index. Launched in 1979, the World Economic Forum's Global Competitiveness Report is the longest-running, most comprehensive assessment of the drivers of economic development. The Global Competitiveness Report is published annually by the World Economic Forum (WEF), which ranks countries and releases information regarding their economic competitiveness based on a Global Competitiveness Index (GCI). Liberia scored 40.55 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. The global competitiveness index 2018 ranking. The Global Competitiveness Index (GCI) is a global study on the basis of which ranking of countries in terms of economic competitiveness in the world is formed. Europe is made up of a very competitive north-west, a relatively competitive south-west, a rising north-east region and a lagging south-east. Geneva, Switzerland, 17 October 2018 –The changing nature of economic competitiveness in a world that is becoming increasingly transformed by new, digital technologies is creating a new set of challenges for governments and businesses, which collectively run the risk of having a negative impact on future growth and productivity. In addition to the United States, other G20 economies in the top 10 include Germany (3rd, 82.8), Japan (5th, 82.4) and the United Kingdom (8th, 82.0). India was ranked as the 58th most competitive economy with a score of 62.0 on the Global Competitiveness Index 2018. Paul Evans and Bruno Lanvin, Co-authors; 3:30 pm Panel Discussion on ‘Talent diversity to fuel the future of work’ Ian Lee, Regional Head, Asia Pacific, and Executive Committee member, The Adecco Group; Vinod Kumar, Chief Executive Officer and Managing Director, Tata Communications Turkey scored 62.14 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. “Embracing the Fourth Industrial Revolution has become a defining factor for competitiveness. The 2018 Global Talent Competitiveness Index (GTCI) report found that Switzerland still leads the way in terms of talent competitiveness, followed by Singapore and the United States. The 2016-2017 edition covers 138 economies. source: World Economic Forum. Mexico scored 64.95 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Appendix A: Global Competitiveness Index 4.0 2018 Pillar Rankings; Appendix B: The Executive Opinion Survey; Appendix C: Methodology and Technical Notes; Contributors and Acknowledgements Zurich, Stockholm, Oslo take top spots in the cities’ ranking 3. 3:00 pm Global Talent Competitiveness Index 2018. The 2018 index comprises 98 indicators derived from a combination of Appendix A: Global Competitiveness Index 4.0 2018 Pillar Rankings 615 Appendix B: The Executive Opinion Survey: 623 The Voice of the Business Community Appendix C: Global Competitiveness Index 4.0 Methodology and Technical Notes 631 Contributors and Acknowledgements 649 Partner Institutes 651 Contents Developed, high-income countries are still the global talent champions 2. It is followed by Russia which is ranked 43. For each indicator, using a scale from 0 to 100, it indicates how close an economy is to the ideal state or “frontier” of competitiveness. The Global Competitiveness Index (GCI) is a global study on the basis of which ranking of countries in terms of economic competitiveness in the world is formed. Note: The Global Competitiveness index 4.0 captures the determinants of long-term growth. The report was made available to newsmen in … A comprehensive analysis of the port industry. Next is India, which ranks 58, up five places on 2017: with a score of 62, it registers the largest gain of any country in the G20. The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. Competitiveness Index in Turkey averaged 17.54 Points from 2007 until 2019, reaching an all time high of 62.14 Points in 2019 and a record low of 4.13 Points in 2007. Launched in 1979, the World Economic Forum's Global Competitiveness Report is the longest-running, most comprehensive assessment of the drivers of economic development. At a time of escalating trade tensions and a backlash against globalization, the report also reveals the importance of openness for competitiveness. The Global Competitiveness Report 2017–2018 | 317 This appendix presents a short description of each pillar of the Global Competitiveness Index 2017–2018 (GCI) and of the application of the concept of stages of development to weight the Index. The Global Innovation Index 2018: Energizing the World with Innovation is the result of a collaboration between Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO) as co-publishers, and their Knowledge Partners. The GCI 4.0 framework is built around 12 main drivers of productivity. Appendix A: Global Competitiveness Index 4.0 2018 Pillar Rankings. This page provides the latest reported value for - Finland Competitiveness Index - plus … The 2018 results of the “Global Competitiveness Index” show that in the category “environment”, pillar “Macroeconomic stability” Latvia, together with the other 32 countries share 1st (!) The Report series remains the most comprehensive assessment of national competitiveness worldwide. individuals, equivalent to 3.9 billion people, were using the Internet. Image Credit to World Economic Forum. Following the data editing process described below, a total of 12,274 responses were retained. Click to share on LinkedIn (Opens in new window), Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window), Click to share on Reddit (Opens in new window), Chapter 1.1 – Maritime Shipping and International Trade, Circular economy in ports and maritime shipping (new), Blockchains and intermodal transportation (update). This is the key finding of the World Economic Forum’s Global Competitiveness Report, which is published today. This page provides the latest reported value for - Ukraine Competitiveness Index - plus … The 2018 edition of the Global Competitiveness Report represents a milestone in the four-decade history of the series, with the introduction of the new Global Competitiveness Index 4.0. Mauritius (49th, 63.7) leads the region, ahead of South Africa and nearly 30 points and 91 places ahead of Chad (140th, 35.5). The HR Health Administration Services market will register an incremental spend of about USD 106.58 billion, growing at a CAGR of 8.89% from 2020 … This data … India is followed by South Africa, which falls 5 places this year to 67. 2018 Global Talent Competitiveness Index: Talent Diversity and Competitiveness will fuel the future of work 1. It notably leads the Business dynamism pillar, thanks to its vibrant entrepreneurial culture, the Labour market pillar (score of 81.9 out of 100) and the Financial system (92.1) pillar. Share. The World Economic Forum (WEF) has ranked Nigeria 115 out of 140 countries in its 2018 Global Competitiveness Index. The Global Competitiveness Report is published annually by the World Economic Forum (WEF), which ranks countries and releases information regarding their economic competitiveness based on a Global Competitiveness Index (GCI). GCI is determined by numerous and very diverse … However, it is critical that policies be put in place to improve conditions of those adversely affected by globalization within countries. Copyright © 2020-21, Dr. Theo Notteboom, Dr. Athanasios Pallis and Dr. Jean-Paul Rodrigue. Inclusive Development Index The Inclusive Development Index (IDI) was introduced by the World Economic Forum in 2017. However, there are indications of a weakening social fabric (63.3, down from 65.5) and worsening security situation (79.1, 56th)—the United States has a homicide rate five times the advanced economies’ average. Canada has the most diverse workforce and Denmark’s corporate culture is the least hierarchical, both critical factors for driving innovation. Despite continuing fragility from recent political shifts, the continent’s basic competitiveness factors, such as health, education, infrastructure and skills, are firmly in place. Competitiveness Index in Finland averaged 22.69 Points from 2007 until 2019, reaching an all time high of 80.26 Points in 2018 and a record low of 5.36 Points in 2011. These include idea generation, entrepreneurial culture, openness, and agility. The World Economic Forum defines competitiveness as the ability of the country and its institutions to ensure stable economic growth, which would be stable in the medium term. IMD World Competitiveness Rankings 2018 Results. Content The new index sheds light on an emerging set of drivers of productivity and long-term growth in the era of the Fourth Industrial Revolution. Insecurity and weak institutions are two of the biggest challenges for most countries. Finland scored 80.25 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. The biggest gap in this region lies in the development of an innovation ecosystem—New Zealand ranks 20thon the Innovation Capability pillar, while the Republic of Korea ranks 8th. Competitiveness Index in Nigeria averaged 13.81 Points from 2007 until 2019, reaching an all time high of 48.33 Points in 2019 and a record low of 3.37 Points in 2011. Content The Global Innovation Index 2018: Energizing the World with Innovation is the result of a collaboration between Cornell University, INSEAD, and the World Intellectual Property Organization (WIPO) as co-publishers, and their Knowledge Partners. Thailand scored 68.11 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. The Global Competitiveness Report 2017–2018 | 317 This appendix presents a short description of each pillar of the Global Competitiveness Index 2017–2018 (GCI) and of the application of the concept of stages of development to weight the Index. With this Report, the World Economic Forum proposes an approach to assess how well countries are performing against this new criterion. For example, those economies performing in indicators that denote openness such as low tariff and non-tariff barriers, ease of hiring foreign labour and collaboration in patent application among others also tend to perform well in terms of innovation and market efficiency. The country also leads the infrastructure pillar, with a nearly perfect score of 95.7, thanks to its world-class transport infrastructure and connectivity. This material (including graphics) can freely be used for educational purposes such as classroom presentations. 1 Scale ranges from 0 to 100. The 2018 results of the “Global Competitiveness Index” show that in the category “environment”, pillar “Macroeconomic stability” Latvia, together with the other 32 countries share 1st (!) The Regional Competitiveness Index (RCI) has been measuring the major factors of competitiveness over the past ten years for all the NUTS-2 level regions across the European Union. Global Connectedness Index 2018 #5 of 169. Explaining the new approach to measuring competitiveness, Thierry Geiger, Head, Research and Regional Impact, Future of Economic Progress at the World Economic Forum, said: “Productivity is the single most important driver of growth in 2018. The Global Competitiveness Report 2018 | iii Preface v by Klaus Schwab Summary of Key Findings vii At a Glance: The Global Competitiveness Index 4.0 2018 Rankings xi Introduction: A New Economic Compass for the Fourth Industrial Revolution 1 Chapter 1: Global Findings 5 Chapter 2: Regional and Country Analysis 23 Switzerland, meanwhile, has the most effective labour for reskilling and retraining policies and US companies are the fastest when it comes to embracing change. The appendix also presents the detailed structure of the GCI and explains how the Index is computed. Context. A key message from the report is the need for a broad-based approach to raising competitiveness – a strong performance in one area cannot make up for a weak performance in another. The Global Sustainable Competitiveness Index (GSCI) is the most comprehensive ranking of countries currently available. I foresee a new global divide between countries who understand innovative transformations and those that don’t. Marking its 30th edition this year, the IMD World Competitiveness Rankings emphasize a long-term trend highlighted in past editions – that the countries on the top of the list each have a unique approach to becoming competitive. Recent developments are reflected only insofar as they have an impact on data measuring these determinants. Only those economies that recognize the importance of the Fourth Industrial Revolution will be able to expand opportunities for their people,” said Klaus Schwab, Founder and Executive Chairman, World Economic Forum. The 2018 edition captured the views of 16,658 business executives in 140 economies between January and April 2018. The World Economic Forum defines competitiveness as the ability of the country and its institutions to ensure stable economic growth, which would be stable in the medium term. With a score of 84.8 (+1.3), Singapore is the world’s most competitive economy in 2019, overtaking the United States, which falls to second place. “Competitiveness is neither a competition nor a zero-sum game—all countries can become more prosperous. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas. Diversity holds untapped potential for competitiveness Further details on methodology can be found here. The Global Talent Competitiveness Index (GTCI) is a firmly established global benchmark for issues related to talent competitiveness and the future of work. 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