The United States is the 2 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 the United States averaged 2.77 from 2007 until 2019, reaching an all time high of 7 in 2013 and a record low of 1 in 2008. This page provides the latest reported value for - United States Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United States Competitiveness Rank - values, historical data and charts - was last updated on October of 2020.

Competitiveness Rank in the United States is expected to reach 1.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United States Competitiveness Rank is projected to trend around 1.00 in 2021, according to our econometric models.

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United States Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
2.00 1.00 7.00 1.00 2007 - 2019 Yearly

United States Business Last Previous Highest Lowest Unit
Business Confidence 55.40 56.00 77.50 29.40 points [+]
Manufacturing PMI 53.30 53.20 57.90 36.10 points [+]
Non Manufacturing PMI 57.80 56.90 62.00 37.80 points [+]
Services PMI 56.00 54.60 61.00 26.70 points [+]
Composite Pmi 55.50 54.30 61.00 27.00 points [+]
Industrial Production -7.30 -7.00 62.00 -33.70 percent [+]
Industrial Production Mom -0.60 0.40 16.60 -12.70 percent [+]
Manufacturing Production -6.00 -6.90 67.90 -39.40 percent [+]
Capacity Utilization 71.54 71.98 89.39 64.24 percent [+]
Durable Goods Orders 0.40 11.70 23.00 -18.80 percent [+]
Durable Goods Orders Ex Defense 0.70 10.40 25.50 -19.70 percent [+]
Durable Goods Orders Ex Transportation 0.40 3.20 6.30 -10.30 percent [+]
Factory Orders Ex Transportation 0.70 2.40 4.80 -8.90 percent [+]
New Orders 470135.00 466082.00 551446.00 223500.00 USD Million [+]
Factory Orders 0.70 6.50 10.30 -13.50 percent [+]
Business Inventories 0.30 0.10 1.30 -2.30 percent [+]
Changes in Inventories -287.03 -80.95 177.30 -287.03 USD Billion [+]
Wholesale Inventories 0.40 -0.20 2.10 -2.00 percent [+]
Bankruptcies 22482.00 23114.00 82446.00 19695.00 Companies [+]
Corporate Profits 1589.40 1779.48 1998.94 14.67 USD Billion [+]
NFIB Business Optimism Index 104.00 100.20 108.80 80.10 points [+]
Ism New York Index 56.10 42.90 88.80 4.30 percent [+]
Richmond Fed Manufacturing Index 21.00 18.00 27.00 -53.00 points [+]
Philadelphia Fed Manufacturing Index 32.30 15.00 58.50 -57.90 points [+]
NY Empire State Manufacturing Index 10.50 17.00 39.00 -78.20 points [+]
Chicago Fed National Activity Index 0.79 2.54 5.84 -17.80 [+]
Dallas Fed Manufacturing Index 13.60 8.00 47.80 -74.00 points [+]
Chicago Pmi 62.40 51.20 78.60 21.20 points [+]
Car Production 2.32 2.49 9.92 0.01 Million Units [+]
Car Registrations 313.42 180.56 1149.00 180.56 Thousand [+]
Total Vehicle Sales 15.70 15.19 21.77 8.60 Million [+]
Crude Oil Stocks Change -1.00 -3.82 19.25 -15.22 BBL/1Million [+]
Natural Gas Stocks Change 49.00 46.00 147.00 -359.00 Billion cf [+]
Gasoline Stocks Change 1895.00 -1626.00 11456.00 -8428.00 Thousand Barrels [+]
Leading Economic Index 123.50 123.37 130.19 45.50 points [+]
Internet Speed 18747.58 17235.62 18747.58 3609.31 KBps [+]
IP Addresses 128949703.00 127873899.00 146874246.00 89399946.00 IP [+]
Crude Oil Rigs 211.00 205.00 1609.00 98.00 [+]
API Crude Oil Stock Change 0.58 -5.42 14.30 -12.40 BBL/1Million [+]
API Crude Runs -0.20 -0.60 1.30 -2.15 BBL/1Million [+]
API Cushing Number 1.17 2.20 6.80 -5.04 BBL/1Million [+]
API Distillate Stocks -5.98 -3.93 10.24 -6.67 BBL/1Million [+]
API Gasoline Stocks -1.62 -1.51 9.45 -7.90 BBL/1Million [+]
API Heating Oil 0.17 -0.31 1.90 -1.62 BBL/1Million [+]
API Product Imports -0.32 0.02 793.00 -504.00 BBL/1Million [+]
API Crude Imports 0.07 -0.64 1701.00 -1472.00 BBL/1Million [+]
Cushing Crude Oil Stocks 975.00 2906.00 6417.00 -5587.00 Thousand Barrels [+]
Corruption Index 69.00 71.00 78.00 69.00 Points [+]
Corruption Rank 23.00 22.00 24.00 14.00 [+]
Crude Oil Imports -1069.00 78.00 2201.00 -2518.00 Thousand Barrels [+]
Competitiveness Index 83.67 85.64 85.64 5.42 Points [+]
Competitiveness Rank 2.00 1.00 7.00 1.00 [+]
Distillate Fuel Production -138.00 -263.00 570.00 -699.00 Thousand Barrels [+]
Distillate Stocks -3832.00 -7244.00 11205.00 -13011.00 Thousand Barrels [+]
Ease of Doing Business 6.00 8.00 8.00 4.00 [+]
Gasoline Production -307.00 -282.00 1082.00 -1638.00 Thousand Barrels [+]
Refinery Crude Runs -551.00 -276.00 1572.00 -3253.00 Thousand Barrels [+]
Steel Production 5709.00 5588.00 11951.00 3799.00 Thousand Tonnes [+]
Kansas Fed Manufacturing Index 23.00 18.00 35.00 -62.00 points [+]
Mining Production -14.80 -16.20 108.20 -28.80 percent [+]
Heating Oil Stocks 350.00 -398.00 94208.00 -92090.00 Thousand Barrels [+]


United States 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.