Azerbaijan is the 58 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 Azerbaijan averaged 55 from 2007 until 2019, reaching an all time high of 69 in 2009 and a record low of 38 in 2015. This page provides the latest reported value for - Azerbaijan Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Azerbaijan Competitiveness Rank - values, historical data and charts - was last updated on October of 2020.

Competitiveness Rank in Azerbaijan is expected to reach 69.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Azerbaijan Competitiveness Rank is projected to trend around 69.00 in 2021, according to our econometric models.

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Azerbaijan Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
58.00 69.00 69.00 38.00 2007 - 2019 Yearly

Azerbaijan Business Last Previous Highest Lowest Unit
Industrial Production 1.80 2.20 36.60 -30.40 percent [+]
Manufacturing Production 8.00 -2.00 17.70 -32.40 percent [+]
Internet Speed 5671.61 5409.04 5671.61 287.69 KBps [+]
IP Addresses 319679.00 331781.00 399083.00 16240.00 IP [+]
Leading Economic Index -3.90 -3.00 116.10 -4.50 percent [+]
Ease of Doing Business 34.00 25.00 71.00 25.00 [+]
Corruption Index 30.00 25.00 31.00 15.00 Points [+]
Corruption Rank 126.00 152.00 158.00 84.00 [+]
Car Registrations 1170672.00 1147437.00 1170672.00 258294.00 [+]
Changes In Inventories 255.50 803.00 803.00 -1592.80 AZN Million [+]
Competitiveness Index 62.72 60.04 62.72 4.06 Points [+]
Competitiveness Rank 58.00 69.00 69.00 38.00 [+]
Mining Production -1.20 1.40 10.53 -8.19 percent [+]


Azerbaijan 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.