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. 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. source: World Economic Forum

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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 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.

South Africa Business Last Previous Highest Lowest Unit
Business Confidence 26.00 21.00 92.00 12.00 points [+]
Manufacturing PMI 47.10 47.70 57.89 38.38 points [+]
Industrial Production -3.60 -0.80 18.50 -23.20 percent [+]
Industrial Production Mom -1.50 2.50 9.10 -8.70 percent [+]
Capacity Utilization 80.40 81.70 86.20 76.90 percent [+]
Changes in Inventories -9526.00 27391.00 66699.00 -59774.00 ZAR Million [+]
Bankruptcies 219.00 178.00 511.00 63.00 Companies [+]
Total Vehicle Sales 41698.00 44670.00 65689.00 18482.00 [+]
Car Registrations 28965.00 31403.00 43659.00 5155.00 [+]
Leading Economic Index 0.70 -0.70 4.70 -3.70 percent [+]
Internet Speed 6736.79 6595.61 6736.79 685.91 KBps [+]
IP Addresses 4274668.00 3727821.00 6727656.00 520279.00 IP [+]
Mining Production -3.10 -2.10 23.20 -17.40 percent [+]
Steel Production 384.90 501.90 885.00 182.00 Thousand Tonnes [+]
Coincident Index 93.10 92.70 141.17 88.12 points [+]
Competitiveness Index 62.44 60.76 62.44 4.31 Points [+]
Competitiveness Rank 60.00 67.00 67.00 35.00 [+]
Composite Pmi 47.60 48.60 52.70 46.40 points [+]
Ease of Doing Business 84.00 82.00 84.00 32.00 [+]
Electricity Production 20653.00 21571.00 23801.00 10439.00 Gigawatt-hour [+]
Corruption Index 43.00 43.00 56.80 41.00 Points [+]
Corruption Rank 73.00 71.00 73.00 23.00 [+]
Gold Production 5.20 -1.40 75.70 -47.10 percent [+]