Nicaragua is the 109 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 Nicaragua averaged 107.77 from 2007 until 2019, reaching an all time high of 120 in 2009 and a record low of 99 in 2014. This page provides the latest reported value for - Nicaragua Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Nicaragua Competitiveness Rank - values, historical data and charts - was last updated on October of 2020.

Competitiveness Rank in Nicaragua is expected to reach 104.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Nicaragua Competitiveness Rank is projected to trend around 104.00 in 2021, according to our econometric models.

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Nicaragua Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
109.00 104.00 120.00 99.00 2007 - 2019 Yearly

Nicaragua Business Last Previous Highest Lowest Unit
Leading Economic Index -9.50 -0.80 13.60 -13.00 percent [+]
Internet Speed 3118.01 2970.78 3118.01 397.09 KBps [+]
IP Addresses 100378.00 98943.00 104188.00 22147.00 IP [+]
Ease of Doing Business 142.00 132.00 142.00 113.00 [+]
Electricity Production 284.10 391.00 479.90 202.20 Gigawatt-hour [+]
Competitiveness Index 51.52 51.50 51.52 3.41 Points [+]
Competitiveness Rank 109.00 104.00 120.00 99.00 [+]
Corruption Index 22.00 25.00 31.00 22.00 Points [+]
Corruption Rank 161.00 152.00 161.00 61.00 [+]

Nicaragua 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.