South Korea is the 13 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 Korea averaged 19.46 from 2007 until 2019, reaching an all time high of 26 in 2015 and a record low of 11 in 2008. This page provides the latest reported value for - South Korea Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. source: World Economic Forum

Competitiveness Rank in South Korea is expected to be 15.00 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the South Korea Competitiveness Rank is projected to trend around 15.00 in 2020, according to our econometric models.


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South Korea Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
13.00 15.00 26.00 11.00 2007 - 2019 Yearly

South Korea 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 Korea Business Last Previous Highest Lowest Unit
Business Confidence 74.00 74.00 119.00 35.00 points [+]
Manufacturing PMI 50.10 49.40 52.60 45.70 points [+]
Industrial Production -0.30 -2.10 38.90 -25.30 percent [+]
Industrial Production Mom -0.50 -1.60 11.00 -11.00 percent [+]
Manufacturing Production -0.10 -2.00 41.60 -26.70 percent [+]
Capacity Utilization 103.20 101.80 104.60 3.80 points [+]
New Orders 5863845.00 7711018.00 14895263.00 93961.00 KRW Million [+]
Changes in Inventories 2431.20 4865.70 12981.70 -9865.30 KRW Billion [+]
Bankruptcies 30.00 25.00 3377.00 22.00 Companies [+]
Car Registrations 139411.00 140404.00 155971.00 49944.00 [+]
Leading Economic Index 116.90 116.00 116.90 4.40 points [+]
Internet Speed 28553.69 26116.23 29047.94 6992.81 KBps [+]
IP Addresses 25814048.00 25049894.00 25814048.00 13271570.00 IP [+]
Mining Production -4.40 0.80 43.10 -36.00 percent [+]
Steel Production 5894.65 5983.07 6405.68 650.00 Thousand Tonnes [+]
Ease of Doing Business 5.00 5.00 23.00 4.00 [+]
Electricity Production 22770.94 22680.86 25106.16 13859.99 Gigawatt-hour [+]
Car Production 4028834.00 4114913.00 4657094.00 1954494.00 [+]
Coincident Index 111.50 111.40 111.50 4.30 points [+]
Competitiveness Index 79.62 78.84 79.62 4.93 Points [+]
Competitiveness Rank 13.00 15.00 26.00 11.00 [+]
Corruption Index 59.00 57.00 59.00 38.00 Points [+]
Corruption Rank 39.00 45.00 52.00 27.00 [+]