South Africa is the 60 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. source: World Economic Forum

Competitiveness Rank in South Africa averaged 51.69 from 2007 until 2019, reaching an all time high of 67 in 2018 and a record low of 35 in 2007. This page provides the latest reported value for - South Africa Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. South Africa Competitiveness Rank - values, historical data and charts - was last updated on November of 2020.

Competitiveness Rank in South Africa is expected to reach 58.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Africa Competitiveness Rank is projected to trend around 60.00 in 2021 and 62.00 in 2022, according to our econometric models.

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South Africa Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
60.00 67.00 67.00 35.00 2007 - 2019 Yearly

South Africa Business Last Previous Highest Lowest Unit
Business Confidence 40.00 24.00 92.00 5.00 points [+]
Manufacturing PMI 60.90 58.50 60.90 30.32 points [+]
Industrial Production -2.60 -11.10 18.50 -48.70 percent [+]
Industrial Production Mom 3.20 3.30 28.00 -43.70 percent [+]
Capacity Utilization 61.20 80.00 86.20 61.20 percent [+]
Changes in Inventories -74041.00 -66025.00 66699.00 -74041.00 ZAR Million [+]
Bankruptcies 211.00 228.00 511.00 0.00 Companies [+]
Total Vehicle Sales 38752.00 37236.00 65689.00 574.00 [+]
Car Registrations 26793.00 22798.00 43659.00 105.00 [+]
Leading Economic Index 1.70 3.70 4.60 -6.80 percent [+]
Internet Speed 6736.79 6595.61 6736.79 685.91 KBps [+]
IP Addresses 4274668.00 3727821.00 6727656.00 520279.00 IP [+]
Steel Production 312.50 330.00 885.00 3.00 Thousand Tonnes [+]
Mining Production -2.80 -3.80 23.20 -50.30 percent [+]
Coincident Index 85.70 85.80 141.17 70.10 points [+]
Competitiveness Index 62.44 60.76 62.44 4.31 Points [+]
Competitiveness Rank 60.00 67.00 67.00 35.00 [+]
Composite PMI 51.00 49.40 52.70 32.50 points [+]
Corruption Index 44.00 43.00 56.80 41.00 Points [+]
Corruption Rank 70.00 73.00 73.00 23.00 [+]
Ease of Doing Business 84.00 82.00 84.00 32.00 [+]
Electricity Production 20143.00 20978.00 23801.00 10439.00 Gigawatt-hour [+]
Gold Production -0.70 -14.10 75.70 -60.70 percent [+]


South Africa 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.