Libya is the 126 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 Libya averaged 102.00 from 2008 until 2015, reaching an all time high of 126.00 in 2015 and a record low of 88.00 in 2008. This page provides the latest reported value for - Libya Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Libya Competitiveness Rank - values, historical data and charts - was last updated on October of 2020.

Competitiveness Rank in Libya is expected to reach 126.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Libya Competitiveness Rank is projected to trend around 126.00 in 2021, according to our econometric models.

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Libya Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
126.00 108.00 126.00 88.00 2008 - 2015 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 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.