Venezuela Competitiveness Index2022 Data - 2023 Forecast - 2007-2021 Historical

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

Venezuela scored 41.83 points out of 100 on the 2019 Global Competitiveness Report published by the World Economic Forum. source: World Economic Forum

Competitiveness Index in Venezuela averaged 12.69 Points from 2007 until 2019, reaching an all time high of 45.09 Points in 2017 and a record low of 3.30 Points in 2016. This page provides the latest reported value for - Venezuela Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Venezuela Competitiveness Index - values, historical data and charts - was last updated on July of 2022.

Competitiveness Index in Venezuela is expected to reach 3.00 Points by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Venezuela Competitiveness Index is projected to trend around 3.00 Points in 2021 and 46.17 Points in 2022, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Competitiveness Rank	133.00	127.00		Dec 2019
Competitiveness Index	41.83	43.17	Points	Dec 2019

Venezuela 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.