Norway is the 17 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 Norway averaged 14.38 from 2007 until 2019, reaching an all time high of 17 in 2007 and a record low of 11 in 2014. source: World Economic Forum

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Norway Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
17.00 16.00 17.00 11.00 2007 - 2019 Yearly

Norway 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.

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 [+]