Australia is the 16 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum. source: World Economic Forum

Competitiveness Rank in Australia averaged 17.92 from 2007 until 2019, reaching an all time high of 22 in 2015 and a record low of 14 in 2018. This page provides the latest reported value for - Australia Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Australia Competitiveness Rank - values, historical data and charts - was last updated on October of 2020.

Competitiveness Rank in Australia is expected to reach 14.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Australia Competitiveness Rank is projected to trend around 14.00 in 2021, according to our econometric models.

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Australia Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
16.00 14.00 22.00 14.00 2007 - 2019 Yearly

Australia Business Last Previous Highest Lowest Unit
Business Confidence -4.00 -8.00 21.00 -66.00 points [+]
Services PMI 36.20 42.50 63.00 27.10 points [+]
Manufacturing PMI 46.70 49.30 62.50 29.47 points [+]
Industrial Production 2.50 3.30 12.70 -7.70 percent [+]
Industrial Production Mom -0.10 1.20 5.10 -7.00 percent [+]
Manufacturing Production 2.70 0.20 8.60 -11.70 percent [+]
Capacity Utilization 76.89 76.13 84.63 71.90 percent [+]
New Orders -10.00 7.00 49.00 -37.00 points [+]
Changes in Inventories -4085.00 -1261.00 4265.00 -4085.00 AUD Million [+]
Bankruptcies 275.00 373.00 1123.00 217.00 Companies [+]
Corporate Profits 109606.00 95337.00 109606.00 12032.00 AUD Million [+]
Total Vehicle Sales 68985.00 60986.00 130300.00 38926.00 [+]
Car Registrations 14504.15 14330.43 14504.15 3990.94 Thousand [+]
Leading Economic Index 0.22 0.49 0.54 -1.76 percent [+]
Small Business Sentiment -9.68 -6.28 18.52 -21.19 [+]
Internet Speed 11063.10 10098.33 11063.10 1922.87 KBps [+]
IP Addresses 9859878.00 9310525.00 13859005.00 5227461.00 IP [+]
Private Investment -5.90 -2.10 15.70 -8.60 percent [+]
Mining Production 4.30 6.80 25.40 -16.80 percent [+]
Industrial Sentiment 54.20 55.40 57.20 44.00 points [+]
Services Sentiment 53.80 50.80 58.40 19.50 points [+]
Steel Production 391.38 477.28 819.00 238.00 Thousand Tonnes [+]
Corruption Index 77.00 77.00 88.60 77.00 Points [+]
Corruption Rank 12.00 13.00 13.00 7.00 [+]
Competitiveness Index 78.75 78.85 78.85 5.08 Points [+]
Competitiveness Rank 16.00 14.00 22.00 14.00 [+]
Composite Pmi 53.60 51.10 58.30 21.70 points [+]
Business Inventories -3.00 -1.40 2.80 -3.00 percent [+]
Ease of Doing Business 14.00 18.00 18.00 9.00 [+]


Australia Competitiveness Rank
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability.