Saudi Arabia scored 70.03 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. source: World Economic Forum

Competitiveness Index in Saudi Arabia averaged 20.66 Points from 2008 until 2019, reaching an all time high of 70.03 Points in 2019 and a record low of 4.54 Points in 2008. This page provides the latest reported value for - Saudi Arabia Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Saudi Arabia Competitiveness Index - values, historical data and charts - was last updated on December of 2020.

Competitiveness Index in Saudi Arabia is expected to reach 4.70 Points by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Competitiveness Index is projected to trend around 4.70 Points in 2021 and 70.50 Points in 2022, according to our econometric models.

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Saudi Arabia Competitiveness Index

Actual Previous Highest Lowest Dates Unit Frequency
70.03 67.50 70.03 4.54 2008 - 2019 Points Yearly

Saudi Arabia Business Last Previous Highest Lowest Unit
Manufacturing PMI 54.70 51.00 61.80 42.40 points [+]
Industrial Production -13.40 -3.30 25.90 -24.90 percent [+]
Changes in Inventories 51708.00 41286.00 64489.00 -51388.00 SAR Million [+]
Internet Speed 6705.52 6321.15 6705.52 1242.08 KBps [+]
IP Addresses 3510242.00 3551866.00 4339235.00 177395.00 IP [+]
Manufacturing Production -20.50 -11.50 21.50 -32.10 percent [+]
Mining Production -11.20 -0.40 22.50 -23.20 percent [+]
Industrial Production Mom 10.20 -0.36 11.35 -21.80 percent [+]
Competitiveness Index 70.03 67.50 70.03 4.54 Points [+]
Competitiveness Rank 36.00 39.00 41.00 17.00 [+]
Corruption Index 53.00 49.00 53.00 33.00 Points [+]
Corruption Rank 51.00 58.00 80.00 46.00 [+]
Crude Oil Rigs 37.00 50.00 81.00 11.00 [+]
Ease of Doing Business 62.00 92.00 96.00 10.00 [+]
Steel Production 748.00 533.00 754.00 7.00 Thousand Tonnes [+]


Saudi Arabia 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.