Norway scored 78.05 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Norway averaged 22.12 Points from 2007 until 2019, reaching an all time high of 78.94 Points in 2017 and a record low of 5.14 Points in 2011. source: World Economic Forum

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Norway Competitiveness Index

Actual Previous Highest Lowest Dates Unit Frequency
78.05 78.16 78.94 5.14 2007 - 2019 Points Yearly

Norway 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.

Norway Business Last Previous Highest Lowest Unit
Business Confidence 2.50 5.10 20.10 -22.90 points [+]
Manufacturing PMI 55.50 53.80 61.70 37.10 points [+]
Industrial Production -0.90 -5.70 15.40 -13.10 percent [+]
Industrial Production Mom 3.70 3.10 12.30 -9.30 percent [+]
Manufacturing Production 1.00 1.90 8.90 -10.40 percent [+]
Capacity Utilization 79.40 79.30 85.50 76.20 percent [+]
Changes in Inventories 24330.00 27789.00 58517.00 -1493.00 NOK Million [+]
Bankruptcies 438.00 490.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 12013.00 11402.00 19014.50 4089.00 [+]
Internet Speed 23539.08 23633.20 23633.20 4055.36 KBps [+]
IP Addresses 2663340.00 2550734.00 3708569.00 1631719.00 IP [+]
Leading Economic Index 0.70 0.70 1.10 -0.50 percent [+]
Mining Production 4.50 -2.90 69.00 -28.20 percent [+]
Steel Production 52.59 62.71 97.00 0.00 Thousand Tonnes [+]
Crude Oil Rigs 17.00 18.00 25.00 6.00 [+]
Competitiveness Index 78.05 78.16 78.94 5.14 Points [+]
Competitiveness Rank 17.00 16.00 17.00 11.00 [+]
Corruption Index 84.00 85.00 91.00 79.00 Points [+]
Corruption Rank 7.00 3.00 14.00 3.00 [+]
Ease of Doing Business 9.00 7.00 10.00 6.00 [+]
Electricity Production 11526.00 10949.00 16376.00 6653.00 Gigawatt-hour [+]