Romania is the 51 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 Romania averaged 64.92 from 2007 until 2019, reaching an all time high of 78 in 2013 and a record low of 51 in 2019. source: World Economic Forum

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Romania Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
51.00 52.00 78.00 51.00 2007 - 2019 Yearly

Romania 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.

Romania Business Last Previous Highest Lowest Unit
Industrial Production -7.70 -7.60 17.90 -14.30 percent [+]
Industrial Production Mom -0.20 -2.10 11.10 -12.30 percent [+]
Manufacturing Production -4.60 -6.20 21.70 -17.80 percent [+]
Capacity Utilization 73.10 74.70 86.40 71.00 percent [+]
Changes in Inventories -7659.30 -5950.90 5566.30 -18530.30 RON Million [+]
Car Registrations 168445.00 147972.00 189612.00 19411.00 [+]
Internet Speed 16990.81 16123.71 16990.81 3458.38 KBps [+]
IP Addresses 3664561.00 3646075.00 3664561.00 1423800.00 IP [+]
Mining Production -5.40 -3.90 20.10 -21.90 percent [+]
New Orders 165.10 145.90 166.20 37.60 points [+]
Business Confidence 0.30 -0.20 27.30 -22.20 points [+]
Competitiveness Index 64.36 63.46 64.36 3.97 Points [+]
Competitiveness Rank 51.00 52.00 78.00 51.00 [+]
Ease Of Doing Business 55.00 52.00 55.00 35.00 [+]
Electricity Production 4540.00 4211.00 6455.00 4211.00 Gigawatt-hour [+]
Corruption Index 47.00 48.00 48.00 26.00 Points [+]
Corruption Rank 61.00 59.00 87.00 37.00 [+]
Factory Orders -0.70 5.80 42.30 -24.20 percent [+]