Hong Kong Competitiveness Rank2022 Data - 2023 Forecast - 2007-2021 Historical

Name: Hong Kong Competitiveness Rank
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Hong Kong,Competitiveness Rank,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Hong Kong is the 3 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 Hong Kong averaged 8.69 from 2007 until 2019, reaching an all time high of 12 in 2008 and a record low of 3 in 2019. This page provides the latest reported value for - Hong Kong Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Hong Kong Competitiveness Rank - values, historical data and charts - was last updated on July of 2022.

Competitiveness Rank in Hong Kong is expected to reach 7.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Hong Kong Competitiveness Rank is projected to trend around 7.00 in 2021, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Competitiveness Rank	3.00	7.00		Dec 2019
Competitiveness Index	83.14	82.25	Points	Dec 2019

Hong Kong 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.