Italy is the 30 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 Italy averaged 42.77 from 2007 until 2019, reaching an all time high of 49 in 2009 and a record low of 30 in 2019. This page provides the latest reported value for - Italy Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Italy Competitiveness Rank - values, historical data and charts - was last updated on February of 2021.

Competitiveness Rank in Italy is expected to reach 31.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Italy Competitiveness Rank is projected to trend around 31.00 in 2021, according to our econometric models.

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Italy Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
30.00 31.00 49.00 30.00 2007 - 2019 Yearly

Italy Business Last Previous Highest Lowest Unit
Business Confidence 95.10 96.00 121.52 71.60 points [+]
Manufacturing PMI 55.10 52.80 59.00 31.10 points [+]
Services PMI 44.70 39.70 57.70 10.80 points [+]
Industrial Production -2.00 -4.20 17.40 -43.30 percent [+]
Industrial Production Mom -0.20 -1.40 41.40 -27.90 percent [+]
Manufacturing Production -4.20 -1.90 19.40 -46.40 percent [+]
Capacity Utilization 74.90 72.90 81.00 63.80 percent [+]
New Orders 123.00 109.70 140.30 4.16 points [+]
Factory Orders 1.70 -1.40 43.60 -31.20 percent [+]
Changes in Inventories -4205.60 -2141.20 4814.20 -4252.00 EUR Million [+]
Zew Economic Sentiment Index 56.80 47.80 80.40 -61.60 [+]
Car Registrations 134001.00 119454.00 310337.00 4279.00 [+]
Internet Speed 9210.65 8669.14 9210.65 2453.86 KBps [+]
IP Addresses 13315518.00 13117319.00 18750460.00 5491532.00 IP [+]
Manufacturing Sales 1.00 -2.00 42.50 -29.10 percent [+]
Mining Production -5.80 -2.10 46.90 -38.70 percent [+]
Steel Production 1500.00 2049.00 3033.00 750.00 Thousand Tonnes [+]
Competitiveness Index 71.53 70.77 71.53 4.30 Points [+]
Competitiveness Rank 30.00 31.00 49.00 30.00 [+]
Composite PMI 47.20 43.00 59.00 10.90 points [+]
Bankruptcies 3115.00 2291.00 4543.00 955.00 Companies [+]
Ease of Doing Business 58.00 51.00 87.00 44.00 [+]
Electricity Production 23243.00 23674.00 29587.00 21347.00 Gigawatt-hour [+]
Corruption Index 53.00 53.00 55.00 29.90 Points [+]
Corruption Rank 52.00 51.00 72.00 29.00 [+]


Italy 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.