Nigeria is the 116 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 Nigeria averaged 112.77 from 2007 until 2019, reaching an all time high of 127 in 2011 and a record low of 94 in 2009.

Nigeria Competitiveness Rank
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Nigeria Business Last Previous Highest Lowest Unit
Business Confidence 28.60 28.10 41.10 -29.00 Index Points [+]
Industrial Production -10.50 -10.30 20.10 -20.40 percent [+]
Manufacturing Production 0.40 0.20 24.60 -7.00 percent [+]
Internet Speed 3853.93 4129.28 4129.28 348.64 KBps [+]
IP Addresses 209207.00 194830.00 244394.00 29604.00 IP [+]
Leading Economic Index 45.90 45.50 53.00 45.50 percent [+]
Manufacturing Pmi 57.70 57.90 61.10 41.90 [+]
Crude Oil Rigs 17.00 15.00 20.00 3.00 [+]
Ease of Doing Business 146.00 145.00 170.00 120.00 [+]
Corruption Index 27.00 27.00 28.00 6.90 Points [+]
Corruption Rank 144.00 148.00 152.00 52.00 [+]
Changes In Inventories 156043.05 146816.73 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 57.10 56.40 59.10 46.30 [+]
Capacity Utilization 55.00 54.60 60.50 48.50 percent [+]
Services Pmi 58.00 58.80 62.30 41.00 [+]
Mining Production -25.90 28.00 48.20 -34.10 percent [+]


Nigeria 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. This page provides the latest reported value for - Nigeria Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Nigeria Competitiveness Rank - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
116.00 115.00 127.00 94.00 2007 - 2019 Yearly




Country Last Previous
Singapore 1.00 Dec/19
United States 2.00 Dec/19
Netherlands 4.00 Dec/19
Switzerland 5.00 Dec/19
Japan 6.00 Dec/19
Germany 7.00 Dec/19
United Kingdom 9.00 Dec/19
South Korea 13.00 Dec/19
Canada 14.00 Dec/19
France 15.00 Dec/19
Australia 16.00 Dec/19
Spain 23.00 Dec/19
China 28.00 Dec/19
Italy 30.00 Dec/19
Saudi Arabia 36.00 Dec/19
Russia 43.00 Dec/19
Mexico 48.00 Dec/19
Indonesia 50.00 Dec/19
South Africa 60.00 Dec/19
Turkey 61.00 Dec/19
India 68.00 Dec/19
Brazil 71.00 Dec/19
Argentina 83.00 Dec/19


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