South Korea scored 79.62 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. source: World Economic Forum

Competitiveness Index in South Korea averaged 22.09 Points from 2007 until 2019, reaching an all time high of 79.62 Points in 2019 and a record low of 4.93 Points in 2011. This page provides the latest reported value for - South Korea Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Competitiveness Index - values, historical data and charts - was last updated on May of 2021.

Competitiveness Index in South Korea is expected to reach 5.15 Points by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Competitiveness Index is projected to trend around 5.15 Points in 2021 and 81.84 Points in 2022, according to our econometric models.

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South Korea Competitiveness Index

Actual Previous Highest Lowest Dates Unit Frequency
79.62 78.84 79.62 4.93 2007 - 2019 Points Yearly

South Korea Business Last Previous Highest Lowest Unit
Business Confidence 96.00 89.00 119.00 35.00 points [+]
Manufacturing PMI 54.60 55.30 55.30 41.30 points [+]
Industrial Production 4.70 0.90 38.90 -25.30 percent [+]
Industrial Production Mom -0.80 4.40 11.00 -11.10 percent [+]
Manufacturing Production 4.70 1.00 41.60 -26.70 percent [+]
Capacity Utilization 105.50 104.80 106.10 3.80 points [+]
New Orders 14687024.00 8756127.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 467.90 153.00 13025.10 -10570.70 KRW Billion [+]
Bankruptcies 25.00 8.00 3377.00 8.00 Companies [+]
Car Registrations 141236.00 107280.00 205595.00 49944.00 [+]
Leading Economic Index 125.30 124.70 125.30 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 [+]
Corruption Index 61.00 59.00 61.00 38.00 Points [+]
Corruption Rank 33.00 39.00 52.00 27.00 [+]
Coincident Index 115.10 114.30 115.10 4.30 points [+]
Competitiveness Index 79.62 78.84 79.62 4.93 Points [+]
Competitiveness Rank 13.00 15.00 26.00 11.00 [+]
Car Production 3506774.00 3950617.00 4657094.00 1954494.00 [+]
Ease of Doing Business 5.00 5.00 23.00 4.00 [+]
Electricity Production 22349.73 24494.72 25106.16 13859.99 Gigawatt-hour [+]
Mining Production -11.10 -10.10 43.10 -36.00 percent [+]
Steel Production 6100.00 5500.00 6405.68 650.00 Thousand Tonnes [+]


South Korea 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.