Finland is the 11 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 Finland averaged 6.69 from 2007 until 2019, reaching an all time high of 12 in 2017 and a record low of 3 in 2013. source: World Economic Forum


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Finland Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
11.00 11.00 12.00 3.00 2007 - 2019 Yearly


Finland 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.

Finland Business Last Previous Highest Lowest Unit
Business Confidence -7.70 -6.90 31.30 -37.30 points [+]
Industrial Production 3.70 1.30 23.70 -23.30 percent [+]
Industrial Production Mom 1.30 -0.60 9.20 -13.00 percent [+]
Manufacturing Production 4.10 1.30 24.20 -26.40 percent [+]
Capacity Utilization 78.60 81.60 88.80 63.90 percent [+]
New Orders 100.50 108.70 170.20 69.20 points [+]
Changes in Inventories 532.00 637.00 2116.00 -2529.00 EUR Million [+]
Bankruptcies 611.00 660.00 2038.00 459.00 Companies [+]
Car Registrations 8213.00 8680.00 25285.00 494.00 [+]
Leading Economic Index 2.30 1.90 9.10 -10.60 percent [+]
Internet Speed 20451.91 20587.41 20587.41 2732.51 KBps [+]
IP Addresses 2332434.00 2264535.00 3082796.00 1690714.00 IP [+]
Steel Production 303.60 315.80 455.00 91.00 Thousand Tonnes [+]
Mining Production -4.20 11.40 146.10 -63.90 percent [+]
Competitiveness Index 80.25 80.26 80.26 5.36 Points [+]
Competitiveness Rank 11.00 11.00 12.00 3.00 [+]
Ease of Doing Business 20.00 17.00 20.00 10.00 [+]
Electricity Production 5735.00 4518.00 8710.00 4306.00 Gigawatt-hour [+]
Corruption Index 86.00 85.00 100.00 85.00 Points [+]
Corruption Rank 3.00 3.00 6.00 1.00 [+]
Factory Orders -11.20 -12.80 79.40 -42.20 percent [+]