Cookie Notice. Venezuela (127th, 43.2) and Haiti (138th, 36.5) close the march. 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. Please contact gcp@weforum.org for any question.. Go here for more information about the Global Competitiveness Report and Index.. Global Cybersecurity Index 2018 1troduction In More than half of the world population is currently online. Oliver Cann, Public Engagement, World Economic Forum, Tel. Global Competitiveness Index 2019; Global Competitiveness Index 2019. The Report series remains the most comprehensive assessment of national competitiveness worldwide. The Global Talent Competitiveness Index (GTCI) is a firmly established global benchmark for issues related to talent competitiveness and the future of work. It is followed by Russia which is ranked 43. 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. A comprehensive analysis of the port industry. 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. In Depth: Is there a formula for innovation? Content (www.weforum.org). This page provides the latest reported value for - Finland Competitiveness Index - plus … 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 2018 edition captured the views of 16,658 business executives in 140 economies between January and April 2018. Both indicators of this pillar are highly valued: inflation, as … India is followed by South Africa, which falls 5 places this year to 67. This page provides the latest reported value for - Ukraine Competitiveness Index - plus … Download PDF. A significant portion of the Centre’s work focuses on shaping frameworks for fostering growth and inclusion, including an accelerator for industrial policy and competitiveness in the Fourth Industrial Revolution. 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. Chapter 3: Introducing the Global Competitiveness Index 4.0, Appendix A: Global Competitiveness Index 4.0 2018 Pillar Rankings, Appendix C: Methodology and Technical Notes, Centre for the Fourth Industrial Revolution, A Global Platform for Geostrategic Collaboration, Schwab Foundation for Social Entrepreneurship, The World Economic Forum’s annual study on the global economy finds a competitiveness landscape radically altered by the impact of the Fourth Industrial Revolution, Under the new framework for competitiveness, the U.S. economy is the closest to the “competitiveness frontier”, followed by Singapore, Germany, Switzerland and Japan, The Global Competitiveness Report’s new methodology also offers insights into economies’ readiness for the future, social capital, endowment of disruptive businesses and debt concerns, among other indicators, Access the full report, infographics and more, Follow the Forum on Instagram at http://wef.ch/instagram. Australia (14th, 78.9) and Korea (15th, 78.8) are among the top 20. 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. This page provides the latest reported value for - Nigeria Competitiveness Index - plus … These include idea generation, entrepreneurial culture, openness, and agility. The new tool maps the competitiveness landscape of 140 economies through 98 indicators organised into 12 pillars. India has moved down 10 places to rank 68th in 2019 from 58th in 2018 on the global competitiveness index. 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… 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), and innovation ecosystem (business dynamism, innovation capability). 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 … This year’s edition highlights that declining openness is threatening growth and prosperity. The Global Competitiveness Index 2015-2016. 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. Both indicators of this pillar are highly valued: inflation, as well as sovereign debt dynamics. Mexico scored 64.95 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. This is a significant step towards 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. Content Chile (33rd, 70.3) leads the Latin America and the Caribbean region by a wide margin, ahead of Mexico (46th, 64.6) and Uruguay (53rd, 62.7). Nigeria scored 48.33 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. This year half of the retained surveys (50.7%) were completed online. In Depth: Are prosperity, people and planet compatible? Report highlights. But technology is not a silver bullet on its own. Context. One unifying theme among the world’s most competitive economies is that they all possess considerable room for improvement. Perhaps the most visible component of China’s global competitiveness is the size of its economy. In this context, the World Economic Forum is introducing the new Global Competitiveness Index 4.0, a much-needed economic compass, building on 40 years of experience in benchmarking the drivers of long-term competitiveness. 1 Scale ranges from 0 to 100. 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). In this light one worrying factor thrown up by this year’s Index is the fact that, for 117 of the 140 economies surveyed, quality of institutions remains a drag on overall competitiveness. 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. Further details on methodology can be found here. 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 … October 17, 2018 | 7:00 am. 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). Sweden (9th, 81.7) is the highest ranked of the Nordic economies, while France (17th, 78.0) is among the top 20. Source: World Economic Forum. 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 Zurich, Stockholm, Oslo take top spots in the cities’ ranking 3. The Global Competitiveness Index 2017-2018 presents a framework and a corresponding set of indicators in three principal categories (subindexes) and … 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. This page provides the latest reported value for - Turkey Competitiveness Index - plus … The report was made available to newsmen in … 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. source: World Economic Forum. Pillars of Economic Competitiveness. The index is based on 103 indicators and data from international organisations as well as the World Economic Forum. Note: The Global Competitiveness index 4.0 captures the determinants of long-term growth. 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. : +4179 799 3405; [email protected], عربي  I Español I Français I Português I 日本語 I 中文. The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. 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. Last is Brazil, which slips 3 places to 72. At a time of escalating trade tensions and a backlash against globalization, the report also reveals the importance of openness for competitiveness. 2018 Global Talent Competitiveness Index: Talent Diversity and Competitiveness will fuel the future of work 1. Measured in terms of purchasing power, China produced roughly $21 trillion worth of goods and services in 2018, almost $3 trillion more than the US and $16 trillion more than Japan. With opportunities for economic leapfrogging, diffusion of innovative ideas across borders and new forms of value creation, the Fourth Industrial Revolution can level the playing field for all economies. Turkey Competitiveness Index The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The appendix also presents the detailed structure of the GCI and explains how the Index is computed. GCI is determined by numerous and very diverse … 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. place in the world! Global Competitiveness Index, 2018. 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). Thailand scored 68.11 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. The material cannot be copied or redistributed in ANY FORM and on ANY MEDIA. With no inherent trade-off between competitiveness and inclusion, it is possible to be pro-growth and inclusive at the same time. I foresee a new global divide between countries who understand innovative transformations and those that don’t. 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. The country experienced one of the biggest drops from 56/140 in 2018 … 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. 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. This is the fourth version of the global competitiveness index – hence referred to as GCI 4.0 – and it was introduced in 2018. 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 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. Diversity holds untapped potential for competitiveness Since 2015, however, the US has lost competitiveness against 31 of the 34 countries in the index. 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. 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. Insecurity and weak institutions are two of the biggest challenges for most countries. 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. Global Competitiveness Index, 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 For example, workers in the Index’s ten most competitive economies work on average five hours less per week than workers in the three BRICS economies – Brazil, India and Russia – for which working time data is available. 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. These are among the several factors that contribute to making the US’ innovation ecosystem one of the best in the world (86.5, 2nd behind Germany). 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. Copyright © 2020-21, Dr. Theo Notteboom, Dr. Athanasios Pallis and Dr. Jean-Paul Rodrigue. The country also leads the infrastructure pillar, with a nearly perfect score of 95.7, thanks to its world-class transport infrastructure and connectivity. Its latest rank is 80 out of 137 countries for 2017. Advertisement Font Size. Finland scored 80.25 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. The GCI 4.0 framework is built around 12 main drivers of productivity. 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. 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. Image Credit to World Economic Forum. Finally, the Centre acts as a test bed for exploring the emerging contours of the new economy, including rethinking economic value, investment strategies for job creation, new principles for the gig economy and new safety nets. 3:00 pm Global Talent Competitiveness Index 2018. 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. This page reports the GCI 4.0 2018 rankings for the twelve pillars of the Index (Tables 1–3). The report and any opinions expressed in this publication are Competitiveness performance in the Middle East and North Africa remains diverse, with Israel (20th, 76.6) and the United Arab Emirates (27th, 73.4), leading the way in the region. 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. 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. 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. Context. 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. A focus on intra-region connectivity, in combination with improvements in ICT readiness and investment in human capital would improve the region’s capacity to innovate, foster business dynamism and increase its competitiveness performance. This is the key finding of the World Economic Forum’s Global Competitiveness Report, which is published today. The country also lags behind most advanced economies in the Health pillar, with healthy life expectancy at 67.7 years (46th), three years below the average of advanced economies, and six years less than Singapore and Japan. 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. The 2016-2017 edition covers 138 economies. UAE in Top 25. Note: The Global Competitiveness index 4.0 captures the determinants of long-term growth. individuals, equivalent to 3.9 billion people, were using the Internet. Recent developments are reflected only insofar as they have an impact on data measuring these determinants. The annual Global Competitiveness Index is compiled by the Geneva-based World Economic Forum (WEF). This page provides the latest reported value for - Thailand Competitiveness Index - plus … The Global Competitiveness Index (GCI), which was launched in 1979, maps the competitiveness landscape of 141 economies through 103 indicators organised into 12 pillars. The country’s institutional framework also remains relatively sound (74.6, 13th). In Depth: Are institutions still important? The pillars fall under four categories: Enabling Environment, Human Capital, Markets, and … 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. According to the report, which in 2018 uses a brand new methodology to fully capture the dynamics of the global economy in the Fourth Industrial Revolution, many of the factors that will have the greatest impact in driving competitiveness in the future have never been the focus of major policy decisions in the past. 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