Saudi Arabia is the 36 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 Saudi Arabia averaged 27.58 from 2008 until 2019, reaching an all time high of 41 in 2017 and a record low of 17 in 2012. This page provides the latest reported value for - Saudi Arabia Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Saudi Arabia Competitiveness Rank - values, historical data and charts - was last updated on August of 2020. source: World Economic Forum

Competitiveness Rank in Saudi Arabia is expected to reach 39.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Saudi Arabia Competitiveness Rank is projected to trend around 39.00 in 2021, according to our econometric models.

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Saudi Arabia Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
36.00 39.00 41.00 17.00 2008 - 2019 Yearly

Saudi Arabia Business Last Previous Highest Lowest Unit
Manufacturing PMI 50.00 47.70 61.80 42.40 points [+]
Industrial Production -15.50 7.00 25.90 -24.90 percent [+]
Changes in Inventories 41286.00 23644.00 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 -25.90 -32.10 21.50 -32.10 percent [+]
Mining Production -8.10 22.50 22.50 -13.10 percent [+]
Industrial Production Mom -21.80 11.35 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 54.00 53.00 81.00 11.00 [+]
Ease of Doing Business 62.00 92.00 96.00 10.00 [+]
Steel Production 541.00 545.00 754.00 7.00 Thousand Tonnes [+]


Saudi Arabia 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.