Nigeria Competitiveness Rank

Nigeria is the 115 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 112.50 from 2007 until 2018, reaching an all time high of 127 in 2011 and a record low of 94 in 2009.

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Nigeria Business	Last	Previous	Highest	Lowest	Unit
Business Confidence	29.70	29.20	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	57.60	57.40	61.10	41.90		[+]
Crude Oil Rigs	15.00	14.00	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	178909.34	172276.89	178909.34	32488.05	NGN Million	[+]
Competitiveness Index	47.53	48.04	48.04	3.37	Points	[+]
Competitiveness Rank	115.00	112.00	127.00	94.00		[+]
Composite Pmi	54.60	54.80	59.10	46.30		[+]
Capacity Utilization	55.00	54.60	60.50	48.50	percent	[+]
Services Pmi	58.70	58.60	62.30	41.00		[+]
Mining Production	-25.90	28.00	48.20	-34.10	percent	[+]

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 August of 2019.

	Actual	Previous	Highest	Lowest	Dates	Unit	Frequency
	115.00	112.00	127.00	94.00	2007 - 2018		Yearly

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Country	Last		Previous	Range
United States	1.00	Dec/18	1	7 : 1
Singapore	2.00	Dec/18	2	8 : 2
Germany	3.00	Dec/18	3	7 : 3
Switzerland	4.00	Dec/18	4	4 : 1
Japan	5.00	Dec/18	8	10 : 5
Netherlands	6.00	Dec/18	5	11 : 5
United Kingdom	8.00	Dec/18	6	13 : 2
Canada	12.00	Dec/18	10	15 : 9
Australia	14.00	Dec/18	15	22 : 14
South Korea	15.00	Dec/18	17	26 : 11
France	17.00	Dec/18	18	23 : 15
Spain	26.00	Dec/18	25	42 : 25
China	28.00	Dec/18	28	34 : 26
Italy	31.00	Dec/18	31	49 : 31
Saudi Arabia	39.00	Dec/18	41	41 : 17
Russia	43.00	Dec/18	45	67 : 43
Indonesia	45.00	Dec/18	47	55 : 34
Mexico	46.00	Dec/18	44	66 : 44
India	58.00	Dec/18	63	71 : 42
Turkey	61.00	Dec/18	58	63 : 43
South Africa	67.00	Dec/18	62	67 : 35
Brazil	72.00	Dec/18	69	75 : 48
Argentina	81.00	Dec/18	79	106 : 70