Ecuador scored 55.74 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum.

Competitiveness Index in Ecuador averaged 16.75 Points from 2007 until 2019, reaching an all time high of 55.85 Points in 2018 and a record low of 3.55 Points in 2010. This page provides the latest reported value for - Ecuador Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ecuador Competitiveness Index - values, historical data and charts - was last updated on October of 2020. source: World Economic Forum

Competitiveness Index in Ecuador is expected to reach 3.70 Points by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ecuador Competitiveness Index is projected to trend around 3.70 Points in 2021 and 58.85 Points in 2022, according to our econometric models.

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Ecuador Competitiveness Index

Actual Previous Highest Lowest Dates Unit Frequency
55.74 55.85 55.85 3.55 2007 - 2019 Points Yearly

Ecuador Business Last Previous Highest Lowest Unit
Business Confidence 1431.60 1420.90 1474.80 402.80 points [+]
Changes in Inventories -166944.00 -30231.00 578608.00 -236838.00 USD THO [+]
Leading Economic Index -28.80 -34.50 110.99 -34.50 percent [+]
Internet Speed 6150.50 6336.72 6336.72 516.48 KBps [+]
IP Addresses 787799.00 772123.00 999895.00 98228.00 IP [+]
Steel Production 25.00 20.00 71.08 0.00 Thousand Tonnes [+]
Manufacturing Production 38.20 -4.68 38.20 -26.51 percent [+]
Crude Oil Rigs 2.00 1.00 28.00 1.00 [+]
Ease of Doing Business 129.00 123.00 138.00 114.00 [+]
Competitiveness Index 55.74 55.85 55.85 3.55 Points [+]
Competitiveness Rank 90.00 86.00 105.00 71.00 [+]
Corruption Index 38.00 34.00 38.00 20.00 Points [+]
Corruption Rank 93.00 114.00 151.00 39.00 [+]

Ecuador 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.