Namibia is the 94 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 Namibia averaged 86.15 from 2007 until 2019, reaching an all time high of 100 in 2018 and a record low of 72 in 2007. This page provides the latest reported value for - Namibia Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Namibia Competitiveness Rank - values, historical data and charts - was last updated on October of 2020. source: World Economic Forum

Competitiveness Rank in Namibia is expected to reach 100.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Competitiveness Rank is projected to trend around 100.00 in 2021, according to our econometric models.

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Namibia Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
94.00 100.00 100.00 72.00 2007 - 2019 Yearly

Namibia Business Last Previous Highest Lowest Unit
Changes in Inventories -5225.00 -3171.00 1328.20 -5225.00 NAD Million [+]
Internet Speed 2922.00 3038.79 3038.79 301.52 KBps [+]
IP Addresses 170593.00 204126.00 256315.00 5097.00 IP [+]
Mining Production 2.80 8.60 76.60 -59.15 percent [+]
Competitiveness Index 54.46 52.67 54.46 3.84 Points [+]
Competitiveness Rank 94.00 100.00 100.00 72.00 [+]
Ease of Doing Business 104.00 107.00 108.00 54.00 [+]
Corruption Index 52.00 53.00 57.00 41.00 Points [+]
Corruption Rank 56.00 52.00 61.00 28.00 [+]

Namibia 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.