Ecuador is the 90 most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. source: World Economic Forum

Competitiveness Rank in Ecuador averaged 92 from 2007 until 2019, reaching an all time high of 105 in 2010 and a record low of 71 in 2014. This page provides the latest reported value for - Ecuador Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Ecuador Competitiveness Rank - values, historical data and charts - was last updated on September of 2021.

Competitiveness Rank in Ecuador is expected to reach 86.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Ecuador Competitiveness Rank is projected to trend around 86.00 in 2021, according to our econometric models.

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Ecuador Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
90.00 86.00 105.00 71.00 2007 - 2019 Yearly

Ecuador Business Last Previous Highest Lowest Unit
Business Confidence 1481.00 1467.00 1481.00 402.80 points [+]
Changes in Inventories 152242.00 -266764.00 578608.00 -398183.00 USD THO [+]
Leading Economic Index 34.40 59.20 110.99 -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 50.00 40.00 71.08 0.00 Thousand Tonnes [+]
Manufacturing Production 30.32 20.66 38.21 -26.50 percent [+]
Crude Oil Rigs 6.00 4.00 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 39.00 38.00 39.00 20.00 Points [+]
Corruption Rank 92.00 93.00 151.00 39.00 [+]


Ecuador 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.