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. This page provides the latest reported value for - Norway Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Norway Competitiveness Rank - values, historical data and charts - was last updated on May of 2020. source: World Economic Forum

Competitiveness Rank in Norway is expected to reach 16.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Norway Competitiveness Rank is projected to trend around 16.00 in 2021, according to our econometric models.

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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 Business Last Previous Highest Lowest Unit
Business Confidence -17.50 -0.20 20.10 -22.90 points [+]
Manufacturing PMI 42.00 41.40 64.10 36.90 points [+]
Industrial Production 7.60 5.40 15.40 -13.10 percent [+]
Industrial Production Mom 1.40 2.50 12.30 -9.30 percent [+]
Manufacturing Production -1.30 0.60 8.90 -10.40 percent [+]
Capacity Utilization 77.30 79.40 85.50 76.20 percent [+]
Changes in Inventories 23752.00 20172.00 58517.00 -1493.00 NOK Million [+]
Bankruptcies 380.00 418.00 595.00 43.00 Companies and Individuals [+]
Car Registrations 8599.00 11965.00 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 -2.10 0.00 1.20 -2.10 percent [+]
Mining Production 11.00 -7.50 69.00 -28.20 percent [+]
Steel Production 50.63 63.72 97.00 0.00 Thousand Tonnes [+]
Crude Oil Rigs 14.00 14.00 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 84.00 91.00 79.00 Points [+]
Corruption Rank 7.00 7.00 14.00 3.00 [+]
Ease of Doing Business 9.00 7.00 10.00 6.00 [+]
Electricity Production 12368.00 12867.00 16376.00 6653.00 Gigawatt-hour [+]


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.