Panama is the 66 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 Panama averaged 53.92 from 2007 until 2019, reaching an all time high of 66 in 2019 and a record low of 40 in 2013. This page provides the latest reported value for - Panama Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Panama Competitiveness Rank - values, historical data and charts - was last updated on November of 2020.

Competitiveness Rank in Panama is expected to reach 64.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Panama Competitiveness Rank is projected to trend around 64.00 in 2021, according to our econometric models.

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Panama Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
66.00 64.00 66.00 40.00 2007 - 2019 Yearly

Panama Business Last Previous Highest Lowest Unit
Industrial Production -0.70 -6.60 6.40 -6.60 percent [+]
Leading Economic Index -40.90 -34.65 15.69 -40.90 percent [+]
Internet Speed 5900.46 5672.43 5900.46 610.73 KBps [+]
IP Addresses 463691.00 439307.00 530598.00 155502.00 IP [+]
Ease of Doing Business 86.00 79.00 86.00 55.00 [+]
Car Registrations 732.00 484.00 4236.00 11.00 Units [+]
Competitiveness Index 61.64 61.03 61.64 4.12 Points [+]
Competitiveness Rank 66.00 64.00 66.00 40.00 [+]
Corruption Index 36.00 37.00 39.00 30.00 Points [+]
Corruption Rank 101.00 93.00 102.00 51.00 [+]


Panama 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.