Laos is the 113 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 Laos averaged 98.67 from 2014 until 2019, reaching an all time high of 113 in 2019 and a record low of 81 in 2014. This page provides the latest reported value for - Laos Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Laos Competitiveness Rank - values, historical data and charts - was last updated on October of 2020. source: World Economic Forum

Competitiveness Rank in Laos is expected to reach 112.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Laos Competitiveness Rank is projected to trend around 112.00 in 2021, according to our econometric models.

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Laos Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
113.00 112.00 113.00 81.00 2014 - 2019 Yearly

Laos Business Last Previous Highest Lowest Unit
Internet Speed 4030.57 3666.31 4030.57 256.04 KBps [+]
IP Addresses 13805.00 14064.00 16792.00 3410.00 IP [+]
Corruption Index 29.00 29.00 33.00 19.00 Points [+]
Corruption Rank 130.00 132.00 168.00 77.00 [+]
Ease of Doing Business 154.00 154.00 167.00 136.00 [+]
Competitiveness Index 50.10 49.27 50.10 3.90 Points [+]
Competitiveness Rank 113.00 112.00 113.00 81.00 [+]

Laos 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.