Cape Verde is the 112 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 Cape Verde averaged 114.89 from 2011 until 2019, reaching an all time high of 122 in 2013 and a record low of 105 in 2017. This page provides the latest reported value for - Cape Verde Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Cape Verde Competitiveness Rank - values, historical data and charts - was last updated on October of 2020.

Competitiveness Rank in Cape Verde is expected to reach 111.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Cape Verde Competitiveness Rank is projected to trend around 111.00 in 2021, according to our econometric models.

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Cape Verde Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
112.00 111.00 122.00 105.00 2011 - 2019 Yearly

Cape Verde Business Last Previous Highest Lowest Unit
Business Confidence -8.00 -7.00 20.00 -15.00 points [+]
Internet Speed 3847.67 3971.86 5449.57 208.79 KBps [+]
IP Addresses 14030.00 14240.00 14959.00 587.00 IP [+]
Ease of Doing Business 137.00 131.00 147.00 119.00 [+]
Corruption Index 58.00 57.00 60.00 49.00 Points [+]
Corruption Rank 41.00 45.00 49.00 38.00 [+]
Competitiveness Index 50.83 50.19 50.83 3.51 Points [+]
Competitiveness Rank 112.00 111.00 122.00 105.00 [+]


Cape Verde 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.