Libya scored 3.48 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum.

Competitiveness Index in Libya averaged 3.74 Points from 2008 until 2015, reaching an all time high of 3.89 Points in 2010 and a record low of 3.48 Points in 2015. This page provides the latest reported value for - Libya Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Libya Competitiveness Index - values, historical data and charts - was last updated on October of 2020.

Competitiveness Index in Libya is expected to reach 4.48 Points by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Libya Competitiveness Index is projected to trend around 5.98 Points in 2021 and 6.48 Points in 2022, according to our econometric models.

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Libya Competitiveness Index

Actual Previous Highest Lowest Dates Unit Frequency
3.48 3.73 3.89 3.48 2008 - 2015 Points Yearly

Libya Business Last Previous Highest Lowest Unit
Steel Production 1.41 29.69 130.00 0.00 Thousand Tonnes [+]
Crude Oil Rigs 8.00 13.00 18.00 0.00 [+]
Corruption Index 18.00 17.00 27.00 14.00 Points [+]
Corruption Rank 168.00 170.00 172.00 105.00 [+]
Ease Of Doing Business 186.00 186.00 188.00 185.00 [+]

Libya Competitiveness Index
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are 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. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes 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.