Nigeria scored 48.33 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. source: World Economic Forum

Competitiveness Index in Nigeria averaged 13.81 Points from 2007 until 2019, reaching an all time high of 48.33 Points in 2019 and a record low of 3.37 Points in 2011. This page provides the latest reported value for - Nigeria Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Nigeria Competitiveness Index - values, historical data and charts - was last updated on January of 2021.

Competitiveness Index in Nigeria is expected to reach 47.50 Points by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nigeria Competitiveness Index is projected to trend around 48.00 Points in 2021 and 50.00 Points in 2022, according to our econometric models.

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Nigeria Competitiveness Index

Actual Previous Highest Lowest Dates Unit Frequency
48.33 47.53 48.33 3.37 2007 - 2019 Points Yearly

Nigeria Business Last Previous Highest Lowest Unit
Business Confidence -15.20 -1.50 41.10 -66.20 points [+]
Industrial Production -10.30 -10.00 25.10 -20.40 percent [+]
Manufacturing Production -10.30 -1.20 24.60 -10.30 percent [+]
Internet Speed 3853.93 4129.28 4129.28 348.64 KBps [+]
IP Addresses 209207.00 194830.00 244394.00 29604.00 IP [+]
Services PMI 45.70 47.60 62.30 25.30 points [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing PMI 49.60 50.20 61.10 41.10 points [+]
Mining Production -27.20 0.10 48.20 -34.10 percent [+]
Crude Oil Rigs 7.00 8.00 23.00 3.00 [+]
Ease of Doing Business 131.00 146.00 170.00 120.00 [+]
Changes In Inventories 90065.14 149517.61 178909.34 32488.05 NGN Million [+]
Competitiveness Index 48.33 47.53 48.33 3.37 Points [+]
Competitiveness Rank 116.00 115.00 127.00 94.00 [+]
Composite PMI 51.80 50.90 59.10 37.10 points [+]
Capacity Utilization 43.80 40.10 60.50 40.10 percent [+]
Corruption Index 26.00 27.00 28.00 6.90 Points [+]
Corruption Rank 146.00 144.00 152.00 52.00 [+]


Nigeria Competitiveness Index
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are 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. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes 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.