Context: GCI 2019 has been released. This is almost 40 points short of the “frontier”. For the sixth year in a row, Estonia has the best tax code in the OECD. The results of the 2019 Global Competitiveness Index (GCI) reveal that, on average, most economies continue to be far from the competitiveness “frontier” – the aggregate ideal across all factors of competitiveness. The Global Competitiveness Index (GCI), which was launched in 1979, maps the competitiveness landscape of 141 economies through 103 indicators organised into 12 pillars. Image: Global Competitiveness Report 2019 Sweden is the fourth most competitive economy in Europe, and eighth overall. World Competitiveness Rankings 2019 Results. India has moved down 10 places to rank 68th in 2019 from 58th in 2018 on the global competitiveness index. For 2017, Switzerland was ranked 1 whereas Yemen, Rep. was the country with the lowest rank of 137. Launched in 2010 and updated every three years, the Regional Competitiveness Index (RCI) allows regions to monitor and assess their development over time and in comparison with other regions. Indicator* 2014: 2015: 2016: 2017: In the highly interconnected and rapidly changing world, economies are affected by issues ranging from reservations over globalization to skepticism over automation, from the challenge of sustainability to that of implementation. Regional competitiveness is the ability of a region to offer an attractive and sustainable environment for firms and residents to live and work. Due to some data limitations, recent tax changes in some countries may not be reflected in this year’s version of the International Tax Competitiveness Index. It has a consistently stable economy, a high rate of ICT adoption and is innovative: scoring highly within the innovation ecosystem pillars of innovation capability (5th) and business dynamism (6th). Home; Global Competitiveness Index; Global Competitiveness Index 2019; Global Competitiveness Index 2019. It is a global competitiveness gap that is particularly concerning, given the world economy faces the prospect of a downturn. Brazil went down by 8 in rank for the Global Competitiveness Index from 2007 to 2017. Its latest rank is 80 out of 137 countries for 2017. November 5, 2019 November 5, 2019 Rhoe Polloso. The Global Competitiveness Index 2019 ranks 140 countries on the basis of 98 indicators organised into 12 pillars. Performance is also mixed across the 12 pillars of the index. A. Philippine Performance for the Past Five Years . Global Competitiveness Index 2019: India performed poorly in indicators including security where it was ranked 124th with its terrorism incidence … Its top score is … The index has flagged limited ICT (information, communications and technology) adoption, poor health conditions and low healthy life expectancy as the reasons. The Global Competitiveness Report 2019 reveals an average across the 141 economies covered of 61 points. Image Credit to World Economic Forum. Global Competitiveness Index 2019. 2019 Rankings. Of note, Singapore has continued its ascension and overtook the U.S. as the top-ranked country in this index. According to our 2019 Global Manufacturing Cost Competitiveness Index, productivity-adjusted direct manufacturing costs in Vietnam are 9% higher than in Thailand and 12% higher than in Malaysia—even though factory wages in those economies are significantly higher. The 2019 Global Competitiveness Index ranks the top five competitive economies as Singapore, the United States, Hong Kong, the Netherlands, and Switzerland, respectively. Note, Singapore has continued its ascension and overtook the U.S. as the top-ranked country in this Index Report. 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