Saudi Arabia scored 70.03 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Saudi Arabia averaged 20.66 Points from 2008 until 2019, reaching an all time high of 70.03 Points in 2019 and a record low of 4.54 Points in 2008. source: World Economic Forum

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Saudi Arabia Competitiveness Index

Actual Previous Highest Lowest Dates Unit Frequency
70.03 67.50 70.03 4.54 2008 - 2019 Points Yearly


Saudi Arabia 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.

Saudi Arabia Business Last Previous Highest Lowest Unit
Business Confidence 3.00 -12.00 63.00 -12.00 points [+]
Manufacturing PMI 56.90 58.30 61.80 51.40 points [+]
Industrial Production 1.40 2.34 25.87 -24.93 percent [+]
Changes in Inventories 59784.00 22332.00 64489.00 -51388.00 SAR Million [+]
Internet Speed 6705.52 6321.15 6705.52 1242.08 KBps [+]
IP Addresses 3510242.00 3551866.00 4339235.00 177395.00 IP [+]
Industrial Production Mom 7.54 -4.54 7.54 -4.54 percent [+]
Manufacturing Production -10.90 3.71 21.50 -10.90 percent [+]
Mining Production 7.30 3.39 7.30 -6.75 percent [+]
Crude Oil Rigs 55.00 56.00 81.00 11.00 [+]
Competitiveness Index 70.03 67.50 70.03 4.54 Points [+]
Competitiveness Rank 36.00 39.00 41.00 17.00 [+]
Ease of Doing Business 62.00 92.00 96.00 10.00 [+]
Corruption Index 49.00 49.00 52.00 33.00 Points [+]
Corruption Rank 58.00 57.00 80.00 46.00 [+]
Steel Production 399.00 331.00 558.00 7.00 Thousand Tonnes [+]