The Global Competitiveness Index 2019
 |
| The Global Competitiveness index 2019 |
The Global Competitiveness Index measures the country’s
competitiveness—describe as the set of institutions, policies, and factors that
determine the level of productivity of 141 economies. The Global
Competitiveness Index is published by the World Economic Forum.
Globalization and the 4th Industrial Revolution
have created new more opportunities but also polarization and disruption within
and between economies and societies. In this context, last year in 2019 the
World Economic Forum introduced 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.
The index is an annual standard for
policy-makers to look beyond short-term and conservative measures and to
instead, evaluate their progress against the full set of factors that determine
productivity. These are organized into 12 pillars: Infrastructure; Institutions; ICT adoption; Financial system;
Market size; Macroeconomic stability; Health; Skills; Product market; Labour
market; Business dynamism; and Innovation capability.
What does The Global Competitiveness index measure?
The results of the Global Competitiveness
Index 4.0 in 2019 disclose that, on average, most economies continue to be
far from the competitiveness “frontier”—the aggregate ideal across all factors
of competitiveness. Performance is also mixed across the 12 pillars of the
index. The report demonstrates that after 10 years from the financial crisis,
while central banks have pumped in nearly 10 trillion dollars into the global
economy, productivity-enhancing investments such as new infrastructure, R&D
and skills development in the current and future workforce have been substandard.
As monetary policies set about to run out of steam, it is crucial for economies
to rely on fiscal policy, structural reforms and public incentives to allocate
more resources towards the full range of factors of productivity to fully grab
the new opportunities provided by the 4th Industrial Revolution.
The report also looks to the future,
specifically the two defining issues of the next decade—building shared
prosperity and managing the transition to a sustainable economy—and poses the
question of their compatibility with competitiveness and growth. There is
already a clear moral case for a focus on the environment and on inequality.
The Global Competitiveness Report 2018
The Global Competitiveness Report 2019 India rank
As per the Global Competitiveness Index, India has been ranked at 68
places out of 141 economies with a score of 61.4, while Singapore topped the list.
Rank
|
Country
|
Score
|
Rank differ from 2018
|
Score differ from 2018
|
1
|
Singapore
|
84.8
|
+1
|
+1.3
|
2
|
United States
|
83.7
|
–1
|
-2.0
|
3
|
Hong Kong SAR
|
83.1
|
+4
|
+0.9
|
4
|
Netherlands
|
82.4
|
+2
|
—
|
5
|
Switzerland
|
82.3
|
–1
|
–0.3
|
6
|
Japan
|
82.3
|
–1
|
–0.2
|
7
|
Germany
|
81.8
|
–4
|
–1.0
|
8
|
Sweden
|
81.2
|
+1
|
–0.4
|
9
|
United Kingdom
|
81.2
|
–1
|
–0.8
|
10
|
Denmark
|
81.2
|
—
|
+0.6
|
11
|
Finland
|
80.2
|
—
|
—
|
12
|
Taiwan, China
|
80.2
|
+1
|
+1.0
|
13
|
Korea, Rep.
|
79.6
|
+2
|
+0.8
|
14
|
Canada
|
79.6
|
–2
|
–0.3
|
15
|
France
|
78.8
|
+2
|
+0.8
|
16
|
Australia
|
78.7
|
–2
|
–0.1
|
17
|
Norway
|
78.1
|
–1
|
–0.1
|
18
|
Luxembourg
|
77.0
|
+1
|
+0.4
|
19
|
New Zealand
|
76.7
|
–1
|
–0.8
|
20
|
Israel
|
76.7
|
—
|
+0.1
|
21
|
Austria
|
76.6
|
+1
|
+0.3
|
22
|
Belgium
|
76.4
|
–1
|
–0.2
|
23
|
Spain
|
75.3
|
+3
|
+1.1
|
24
|
Ireland
|
75.1
|
–1
|
–0.6
|
25
|
United Arab Emirates
|
75.0
|
+2
|
+1.6
|
26
|
Iceland
|
74.7
|
–2
|
+0.2
|
27
|
Malaysia
|
74.6
|
–2
|
+0.2
|
28
|
China
|
73.9
|
—
|
+1.3
|
29
|
Qatar
|
72.9
|
+1
|
+1.9
|
30
|
Italy
|
71.5
|
+1
|
+0.8
|
31
|
Estonia
|
70.9
|
+1
|
+0.2
|
32
|
Czech Republic
|
70.9
|
–3
|
–0.3
|
33
|
Chile
|
70.5
|
—
|
+0.3
|
34
|
Portugal
|
70.4
|
—
|
+0.2
|
35
|
Slovenia
|
70.2
|
—
|
+0.6
|
36
|
Saudi Arabia
|
70.0
|
+3
|
+2.5
|
37
|
Poland
|
68.9
|
—
|
+0.7
|
38
|
Malta
|
68.5
|
–2
|
–0.2
|
39
|
Lithuania
|
68.4
|
+1
|
+1.2
|
40
|
Thailand
|
68.1
|
–2
|
+0.6
|
41
|
Latvia
|
67.0
|
+1
|
+0.7
|
42
|
Slovak Republic
|
66.8
|
–1
|
–0.1
|
43
|
Russian Federation
|
66.7
|
—
|
+1.1
|
44
|
Cyprus
|
66.4
|
—
|
+0.8
|
45
|
Bahrain
|
65.4
|
+5
|
+1.7
|
46
|
Kuwait
|
65.1
|
+8
|
+3.0
|
47
|
Hungary
|
65.1
|
+1
|
+0.8
|
48
|
Mexico
|
64.9
|
–2
|
+0.3
|
49
|
Bulgaria
|
64.9
|
+2
|
+1.3
|
50
|
Indonesia
|
64.6
|
–5
|
–0.3
|
51
|
Romania
|
64.4
|
+1
|
+0.9
|
52
|
Mauritius
|
64.3
|
–3
|
+0.5
|
53
|
Oman
|
63.6
|
–6
|
–0.8
|
54
|
Uruguay
|
63.5
|
–1
|
+0.8
|
55
|
Kazakhstan
|
62.9
|
+4
|
+1.1
|
56
|
Brunei Darussalam
|
62.8
|
+6
|
+1.3
|
57
|
Colombia
|
62.7
|
+3
|
+1.1
|
58
|
Azerbaijan
|
62.7
|
+11
|
+2.7
|
59
|
Greece
|
62.6
|
–2
|
+0.5
|
60
|
South Africa
|
62.4
|
+7
|
+1.7
|
61
|
Turkey
|
62.1
|
—
|
+0.5
|
62
|
Costa Rica
|
62.0
|
–7
|
–0.1
|
63
|
Croatia
|
61.9
|
+5
|
+1.8
|
64
|
Philippines
|
61.9
|
–8
|
–0.3
|
65
|
Peru
|
61.7
|
–2
|
+0.4
|
66
|
Panama
|
61.6
|
–2
|
+0.6
|
67
|
Viet Nam
|
61.5
|
+10
|
+3.5
|
68
|
India
|
61.4
|
–10
|
–0.7
|
69
|
Armenia
|
61.3
|
+1
|
+1.4
|
70
|
Jordan
|
60.9
|
+3
|
+1.6
|
71
|
Brazil
|
60.9
|
+1
|
+1.4
|
72
|
Serbia
|
60.9
|
–7
|
—
|
73
|
Montenegro
|
60.8
|
–2
|
+1.2
|
74
|
Georgia
|
60.6
|
–8
|
–0.3
|
75
|
Morocco
|
60.0
|
—
|
+1.5
|
76
|
Seychelles
|
59.6
|
–2
|
+1.1
|
77
|
Barbados
|
58.9
|
n/a
|
n/a
|
78
|
Dominican Republic
|
58.3
|
+4
|
+0.9
|
79
|
Trinidad and Tobago
|
58.3
|
–1
|
+0.4
|
80
|
Jamaica
|
58.3
|
–1
|
+0.4
|
81
|
Albania
|
57.6
|
–5
|
–0.5
|
82
|
North Macedonia
|
57.3
|
+2
|
+0.7
|
83
|
Argentina
|
57.2
|
–2
|
–0.3
|
84
|
Sri Lanka
|
57.1
|
+1
|
+1.1
|
85
|
Ukraine
|
57.0
|
–2
|
—
|
86
|
Moldova
|
56.7
|
+2
|
+1.2
|
87
|
Tunisia
|
56.4
|
—
|
+0.8
|
88
|
Lebanon
|
56.3
|
–8
|
–1.4
|
89
|
Algeria
|
56.3
|
+3
|
+2.5
|
90
|
Ecuador
|
55.7
|
–4
|
–0.1
|
91
|
Botswana
|
55.5
|
–1
|
+1.0
|
92
|
Bosnia and Herzegovina
|
54.7
|
–1
|
+0.6
|
93
|
Egypt
|
54.5
|
+1
|
+1.0
|
94
|
Namibia
|
54.5
|
+6
|
+1.8
|
95
|
Kenya
|
54.1
|
–2
|
+0.5
|
96
|
Kyrgyz Republic
|
54.0
|
+1
|
+1.0
|
97
|
Paraguay
|
53.6
|
–2
|
+0.3
|
98
|
Guatemala
|
53.5
|
–2
|
+0.2
|
99
|
Iran, Islamic Rep.
|
53.0
|
–10
|
–1.9
|
100
|
Rwanda
|
52.8
|
+8
|
+1.9
|
101
|
Honduras
|
52.7
|
—
|
+0.2
|
102
|
Mongolia
|
52.6
|
–3
|
–0.1
|
103
|
El Salvador
|
52.6
|
–5
|
–0.2
|
104
|
Tajikistan
|
52.4
|
–2
|
+0.2
|
105
|
Bangladesh
|
52.1
|
–2
|
—
|
106
|
Cambodia
|
52.1
|
+4
|
+1.9
|
107
|
Bolivia
|
51.8
|
–2
|
+0.4
|
108
|
Nepal
|
51.6
|
+1
|
+0.8
|
109
|
Nicaragua
|
51.5
|
–5
|
—
|
110
|
Pakistan
|
51.4
|
–3
|
+0.3
|
111
|
Ghana
|
51.2
|
–5
|
–0.1
|
112
|
Cape Verde
|
50.8
|
–1
|
+0.6
|
113
|
Lao PDR
|
50.1
|
–1
|
+0.8
|
114
|
Senegal
|
49.7
|
–1
|
+0.7
|
115
|
Uganda
|
48.9
|
+2
|
+2.1
|
116
|
Nigeria
|
48.3
|
–1
|
+0.8
|
117
|
Tanzania
|
48.2
|
–1
|
+1.0
|
118
|
Côte d'Ivoire
|
48.1
|
–4
|
+0.6
|
119
|
Gabon
|
47.5
|
n/a
|
n/a
|
120
|
Zambia
|
46.5
|
–2
|
+0.5
|
121
|
Eswatini
|
46.4
|
–1
|
+1.1
|
122
|
Guinea
|
46.1
|
+4
|
+2.9
|
123
|
Cameroon
|
46.0
|
–2
|
+0.9
|
124
|
Gambia
|
45.9
|
–5
|
+0.5
|
125
|
Benin
|
45.8
|
–2
|
+1.4
|
126
|
Ethiopia
|
44.4
|
–4
|
–0.1
|
127
|
Zimbabwe
|
44.2
|
+1
|
+1.6
|
128
|
Malawi
|
43.7
|
+1
|
+1.3
|
129
|
Mali
|
43.6
|
–4
|
—
|
130
|
Burkina Faso
|
43.4
|
–6
|
–0.5
|
131
|
Lesotho
|
42.9
|
–1
|
+0.6
|
132
|
Madagascar
|
42.9
|
n/a
|
n/a
|
133
|
Venezuela
|
41.8
|
–6
|
–1.3
|
134
|
Mauritania
|
40.9
|
–3
|
+0.1
|
135
|
Burundi
|
40.3
|
+1
|
+2.7
|
136
|
Angola
|
38.1
|
+1
|
+1.1
|
137
|
Mozambique
|
38.1
|
–4
|
–1.7
|
138
|
Haiti
|
36.3
|
—
|
–0.1
|
139
|
Congo, Dem. Rep.
|
36.1
|
–4
|
–2.1
|
140
|
Yemen
|
35.5
|
–1
|
–0.9
|
141
|
Chad
|
35.1
|
–1
|
–0.4
|
Thank u
0 Comments