Belgium is the 22 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. Competitiveness Rank in Belgium averaged 19.08 from 2007 until 2019, reaching an all time high of 24 in 2007 and a record low of 15 in 2012. source: World Economic Forum

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Belgium Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
22.00 21.00 24.00 15.00 2007 - 2019 Yearly


Belgium 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.

Belgium Business Last Previous Highest Lowest Unit
Business Confidence -3.40 -3.90 9.20 -31.80 points [+]
Industrial Production 4.80 7.90 18.40 -16.40 percent [+]
Industrial Production Mom -1.80 -1.00 11.90 -9.20 percent [+]
Manufacturing Production 2.10 3.20 21.80 -18.90 percent [+]
Capacity Utilization 80.00 80.80 85.00 69.70 percent [+]
Bankruptcies 745.00 930.00 1322.00 262.00 Companies [+]
Car Registrations 33467.00 34574.00 64963.00 13593.00 [+]
Internet Speed 16275.93 15930.63 16275.93 4020.54 KBps [+]
IP Addresses 4372220.00 4315399.00 5060890.00 1986541.00 IP [+]
Mining Production -2.70 -1.30 68.80 -41.40 percent [+]
Steel Production 682.00 620.00 1488.00 237.00 Thousand Tonnes [+]
Changes In Inventories 2003.00 2093.00 2379.00 -1451.00 EUR Million [+]
Competitiveness Index 76.38 76.61 76.61 5.05 Points [+]
Competitiveness Rank 22.00 21.00 24.00 15.00 [+]
Corruption Index 75.00 75.00 77.00 52.50 Points [+]
Corruption Rank 17.00 17.00 29.00 15.00 [+]
Ease of Doing Business 46.00 45.00 52.00 20.00 [+]
Electricity Production 8404.00 8641.00 8641.00 4047.00 Gigawatt-hour [+]