Kuwait is the 46 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 Kuwait averaged 38.92 from 2007 until 2019, reaching an all time high of 56 in 2017 and a record low of 30 in 2008. This page provides the latest reported value for - Kuwait Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Kuwait Competitiveness Rank - values, historical data and charts - was last updated on October of 2020.

Competitiveness Rank in Kuwait is expected to reach 54.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Kuwait Competitiveness Rank is projected to trend around 54.00 in 2021, according to our econometric models.

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Kuwait Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
46.00 54.00 56.00 30.00 2007 - 2019 Yearly

Kuwait Business Last Previous Highest Lowest Unit
Internet Speed 7920.05 9026.02 9026.02 1025.64 KBps [+]
IP Addresses 126534.00 135358.00 990909.00 69969.00 IP [+]
Crude Oil Rigs 31.00 37.00 47.00 1.00 [+]
Ease of Doing Business 83.00 97.00 104.00 52.00 [+]
Competitiveness Index 65.10 62.14 65.10 4.50 Points [+]
Competitiveness Rank 46.00 54.00 56.00 30.00 [+]
Corruption Index 40.00 41.00 53.00 39.00 Points [+]
Corruption Rank 85.00 78.00 85.00 35.00 [+]

Kuwait 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.