Dominican Republic is the 78 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. source: World Economic Forum

Competitiveness Rank in Dominican Republic averaged 95.69 from 2007 until 2019, reaching an all time high of 110 in 2012 and a record low of 78 in 2019. This page provides the latest reported value for - Dominican Republic Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Dominican Republic Competitiveness Rank - values, historical data and charts - was last updated on October of 2020.

Competitiveness Rank in Dominican Republic is expected to reach 82.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Dominican Republic Competitiveness Rank is projected to trend around 82.00 in 2021, according to our econometric models.

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Dominican Republic Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
78.00 82.00 110.00 78.00 2007 - 2019 Yearly

Dominican Republic Business Last Previous Highest Lowest Unit
Internet Speed 4430.06 4096.20 4430.06 366.24 KBps [+]
IP Addresses 906609.00 874626.00 906609.00 152367.00 IP [+]
Leading Economic Index -7.10 -13.60 13.50 -29.80 percent [+]
Business Confidence 55.60 57.90 58.80 47.80 points [+]
Ease of Doing Business 115.00 102.00 117.00 86.00 [+]
Changes In Inventories -8910.91 -40973.83 20950.35 -40973.83 DOP Millions [+]
Competitiveness Index 58.31 57.38 58.31 3.65 Points [+]
Competitiveness Rank 78.00 82.00 110.00 78.00 [+]
Corruption Index 28.00 30.00 35.00 26.00 Points [+]
Corruption Rank 137.00 129.00 137.00 59.00 [+]


Dominican 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.