Colombia is the 57 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 Colombia averaged 65.38 from 2007 until 2019, reaching an all time high of 74 in 2009 and a record low of 57 in 2017. This page provides the latest reported value for - Colombia Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Colombia Competitiveness Rank - values, historical data and charts - was last updated on September of 2020. source: World Economic Forum

Competitiveness Rank in Colombia is expected to reach 61.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Colombia Competitiveness Rank is projected to trend around 63.00 in 2021, according to our econometric models.

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Colombia Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
57.00 60.00 74.00 57.00 2007 - 2019 Yearly

Colombia Business Last Previous Highest Lowest Unit
Business Confidence -8.50 -20.80 20.33 -35.80 points [+]
Industrial Production -8.50 -9.80 17.70 -35.80 percent [+]
Total Vehicle Sales 4657.00 5132.00 19788.00 1382.00 Cars [+]
Car Registrations 11956.00 8920.00 40393.00 217.00 [+]
Leading Economic Index 11.10 -16.20 11.10 -20.10 percent [+]
Internet Speed 5523.06 5397.03 5523.06 572.73 KBps [+]
IP Addresses 5185338.00 5082089.00 7795504.00 880124.00 IP [+]
Steel Production 85.00 65.00 133.00 29.00 Thousand Tonnes [+]
Industrial Production Mom 4.50 13.70 16.10 -26.90 percent [+]
Manufacturing Pmi 51.20 54.20 54.70 27.60 points [+]
Cement Production 1131300.00 977660.00 1209660.26 198924.92 Tonnes [+]
Competitiveness Index 62.73 61.63 62.73 4.04 Points [+]
Competitiveness Rank 57.00 60.00 74.00 57.00 [+]
Capacity Utilization 67.74 56.40 85.30 56.40 percent [+]
Corruption Index 37.00 36.00 40.00 22.00 Points [+]
Corruption Rank 96.00 99.00 99.00 31.00 [+]
Ease of Doing Business 67.00 65.00 67.00 37.00 [+]


Colombia 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.