Guyana is the 121 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 Guyana averaged 112.60 from 2007 until 2016, reaching an all time high of 126.00 in 2008 and a record low of 102.00 in 2014. This page provides the latest reported value for - Guyana Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Guyana Competitiveness Rank - values, historical data and charts - was last updated on October of 2020.

Competitiveness Rank in Guyana is expected to reach 121.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Guyana Competitiveness Rank is projected to trend around 121.00 in 2021, according to our econometric models.

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Guyana Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
121.00 117.00 126.00 102.00 2007 - 2016 Yearly

Guyana Business Last Previous Highest Lowest Unit
Internet Speed 3142.19 3241.43 3241.43 137.17 KBps [+]
IP Addresses 28467.00 24972.00 28467.00 3432.00 IP [+]
Ease of Doing Business 134.00 134.00 140.00 98.00 [+]
Corruption Index 40.00 37.00 40.00 25.00 Points [+]
Corruption Rank 85.00 93.00 136.00 85.00 [+]

Guyana 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.