Czech Republic is the 32 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 Czech Republic averaged 34.23 from 2007 until 2019, reaching an all time high of 46 in 2014 and a record low of 29 in 2017. This page provides the latest reported value for - Czech Republic Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Czech Republic Competitiveness Rank - values, historical data and charts - was last updated on August of 2020. source: World Economic Forum

Competitiveness Rank in Czech Republic is expected to reach 29.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Czech Republic Competitiveness Rank is projected to trend around 29.00 in 2021, according to our econometric models.

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Czech Republic Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
32.00 29.00 46.00 29.00 2007 - 2019 Yearly

Czech Republic Business Last Previous Highest Lowest Unit
Business Confidence 84.70 73.80 112.80 69.10 points [+]
Manufacturing PMI 47.00 44.90 59.80 35.10 points [+]
Industrial Production -25.70 -33.70 14.50 -33.70 percent [+]
Industrial Production Mom 13.80 -23.20 13.80 -23.20 percent [+]
Manufacturing Production -26.70 -35.50 21.00 -35.50 percent [+]
New Orders 65.34 58.04 217.39 58.04 points [+]
Changes in Inventories 3.57 19.93 36.01 -16.14 CZK Billion [+]
Car Registrations 20771.00 13385.00 27830.00 8356.00 [+]
Internet Speed 16938.04 17252.82 17768.42 3672.45 KBps [+]
IP Addresses 1720644.00 1710120.00 2231060.00 1053892.00 IP [+]
Mining Production -20.40 -21.90 17.80 -22.80 percent [+]
Steel Production 298.69 364.81 697.00 235.01 Thousand Tonnes [+]
Competitiveness Index 70.85 71.18 71.18 4.43 Points [+]
Competitiveness Rank 32.00 29.00 46.00 29.00 [+]
Ease of Doing Business 41.00 35.00 75.00 26.00 [+]
Electricity Production 7782.00 7823.00 8650.00 5516.00 Gigawatt-hour [+]
Corruption Index 56.00 59.00 59.00 37.00 Points [+]
Corruption Rank 44.00 38.00 57.00 25.00 [+]
Corporate Profits 323281.00 308944.00 328392.00 -2717.06 CZK Million [+]


Czech Republic 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.