The Economy Profiles section presents a three-page profile for each of the 140 economies covered in The Global Competitiveness Report 2018.

Page 1

➊ Performance overview

This section details the economy’s performance on the main components of the Global Competitiveness Index 4.0 (GCI). The chart in this section presents an economy’s score on the overall GCI and on each of its 12 pillars. The economy’s rank (out of 140 economies) on each category is reported at the bottom of the chart. At the top of the chart, the three-letter code (ISO-3) of the best performer is reported (note that there are 31 best performers on the Macroeconomic stability pillar and four best performers on the Health pillar). To the right of each bar the performance of relevant benchmarks is reported: the economy’s score in the 2017 backcast edition (diamond); the average score of the economy’s income group, based on the World Bank’s classification (triangle); and the average score of the region to which the economy belongs (square). See the At a Glance section for regional classification.

➋ Contextual indicators

This section presents a selection of contextual indicators, as well as selected indicators of social and environmental performance, to complement the GCI. These indicators are: Population (millions, 2017 or most recent year available, source: International Monetary Fund, World Economic Outlook Database, April 2018); GDP per capita (US$, 2017 or most recent year available, source: International Monetary Fund, World Economic Outlook Database, April 2018); 10-year average annual GDP growth (% real terms, 2017 or most recent year available, source: International Monetary Fund, World Economic Outlook Database, April 2018); Share of GDP in World total (%, 2017 or most recent year available, source: International Monetary Fund, World Economic Outlook Database, April 2018); Unemployment rate (%, 2017 or most recent year available, source: International Labour Organization, ILOSTAT database, via the World Bank’s World Development Indicators database); 5-year average annual FDI inward flow (% of GDP, 2017 or most recent year available, source: United Nations Conference on Trade and Development, FDI/MNE database); Environmental footprint network (global hectares, 2014 or most recent year available, source: Global Footprint Network, National Footprint Accounts dataset); Inclusive Development Index (score/rank, 2018 or most recent year available, source: World Economic Forum, Inclusive Development Report 2018); Global Gender Gap Index (score/rank, 2017 or most recent year available, source: World Economic Forum, The Global Gender Gap Report 2017); Income Gini coefficient (0–100, 2015 or most recent year available, source: World Bank, Development Research Group, via the World Bank’s World Development Indicators).

Pages 2–3

The Global Competitiveness Index in detail

These pages detail the country’s performance on each of the 98 indicators that compose the GCI 4.0. Indicators are organized by pillar. Refer to Appendix C for the detailed structure of the GCI, the definition of each indicator, and computation methodology. 

For each indicator, the following information is reported: 

➊ Number, title and the units of measurement

➋ Indicator value for the economy under review

➌ Economy’s progress score on a 0 to 100 scale following normalization (see Appendix C for details)

➍ Arrow indicating the direction of the change in score since the previous edition, or the “=” sign if the score has remained the same

➎ Economy’s rank (out of 140) 

➏ Name of the best performer; that is, the economy attaining the best performance