South Korea is the 13 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. Competitiveness Rank in South Korea averaged 19.46 from 2007 until 2019, reaching an all time high of 26 in 2015 and a record low of 11 in 2008.

South Korea Competitiveness Rank
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South Korea Business Last Previous Highest Lowest Unit
Business Confidence 71.00 68.00 119.00 35.00 Index Points [+]
Manufacturing PMI 48.00 49.00 52.60 45.70 [+]
Industrial Production -2.90 0.60 38.90 -25.30 percent [+]
Industrial Production Mom -1.40 2.80 11.00 -11.00 percent [+]
Manufacturing Production -3.00 1.00 41.60 -26.70 percent [+]
Capacity Utilization 101.30 101.60 104.60 3.80 Index Points [+]
New Orders 5914673.00 6482950.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 7107.20 6511.70 12981.70 -9865.30 KRW Billion [+]
Bankruptcies 22.00 25.00 3377.00 22.00 Companies [+]
Car Registrations 120147.00 114012.00 155971.00 49944.00 [+]
Leading Economic Index 114.90 114.50 114.90 4.40 Index Points [+]
Internet Speed 28553.69 26116.23 29047.94 6992.81 KBps [+]
IP Addresses 25814048.00 25049894.00 25814048.00 13271570.00 IP [+]
Steel Production 5940.66 6040.85 6405.68 650.00 Thousand Tonnes [+]
Mining Production 1.20 -2.90 43.10 -36.00 percent [+]
Ease of Doing Business 5.00 4.00 23.00 4.00 [+]
Electricity Production 24255.21 23513.68 25106.16 13859.99 Gigawatt-hour [+]
Car Production 4028834.00 4114913.00 4657094.00 1954494.00 [+]
Coincident Index 111.20 110.70 111.20 4.30 Index Points [+]
Competitiveness Index 79.62 78.84 79.62 4.93 Points [+]
Competitiveness Rank 13.00 15.00 26.00 11.00 [+]
Corruption Index 57.00 54.00 57.00 38.00 Points [+]
Corruption Rank 45.00 51.00 52.00 27.00 [+]


South Korea 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. This page provides the latest reported value for - South Korea Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Korea Competitiveness Rank - actual data, historical chart and calendar of releases - was last updated on October of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
13.00 15.00 26.00 11.00 2007 - 2019 Yearly




Country Last Previous
Singapore 1.00 Dec/19
United States 2.00 Dec/19
Netherlands 4.00 Dec/19
Switzerland 5.00 Dec/19
Japan 6.00 Dec/19
Germany 7.00 Dec/19
United Kingdom 9.00 Dec/19
South Korea 13.00 Dec/19
Canada 14.00 Dec/19
France 15.00 Dec/19
Australia 16.00 Dec/19
Spain 23.00 Dec/19
China 28.00 Dec/19
Italy 30.00 Dec/19
Saudi Arabia 36.00 Dec/19
Russia 43.00 Dec/19
Mexico 48.00 Dec/19
Indonesia 50.00 Dec/19
South Africa 60.00 Dec/19
Turkey 61.00 Dec/19
India 68.00 Dec/19
Brazil 71.00 Dec/19
Argentina 83.00 Dec/19


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