South Korea is the 13 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 South Korea averaged 19.46 from 2007 until 2019, reaching an all time high of 26 in 2015 and a record low of 11 in 2008. This page provides the latest reported value for - South Korea Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Competitiveness Rank - values, historical data and charts - was last updated on October of 2020.

Competitiveness Rank in South Korea is expected to reach 15.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Competitiveness Rank is projected to trend around 15.00 in 2021, according to our econometric models.

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South Korea Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
13.00 15.00 26.00 11.00 2007 - 2019 Yearly

South Korea Business Last Previous Highest Lowest Unit
Business Confidence 68.00 66.00 119.00 35.00 points [+]
Manufacturing PMI 49.80 48.50 52.60 41.30 points [+]
Industrial Production -3.00 -2.40 39.40 -25.40 percent [+]
Industrial Production Mom -0.70 1.90 10.50 -10.60 percent [+]
Manufacturing Production -3.10 -2.20 40.80 -26.60 percent [+]
Capacity Utilization 103.90 103.70 104.60 3.80 points [+]
New Orders 6001849.00 7001294.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 5775.40 5309.20 13025.10 -10570.70 KRW Billion [+]
Bankruptcies 30.00 18.00 3377.00 15.00 Companies [+]
Car Registrations 111629.00 147416.00 205595.00 49944.00 [+]
Leading Economic Index 121.20 120.10 121.20 4.40 points [+]
Internet Speed 28553.69 26116.23 29047.94 6992.81 KBps [+]
IP Addresses 25814048.00 25049894.00 25814048.00 13271570.00 IP [+]
Mining Production -3.00 -2.40 26.40 -30.60 percent [+]
Steel Production 5830.59 5799.77 6405.68 650.00 Thousand Tonnes [+]
Ease of Doing Business 5.00 5.00 23.00 4.00 [+]
Electricity Production 22533.18 22356.12 25106.16 13859.99 Gigawatt-hour [+]
Car Production 3950617.00 4028834.00 4657094.00 1954494.00 [+]
Coincident Index 111.60 111.00 113.80 4.30 points [+]
Competitiveness Index 79.62 78.84 79.62 4.93 Points [+]
Competitiveness Rank 13.00 15.00 26.00 11.00 [+]
Corruption Index 59.00 57.00 59.00 38.00 Points [+]
Corruption Rank 39.00 45.00 52.00 27.00 [+]


South Korea 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.