Sweden is the 8 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 Sweden averaged 6.23 from 2007 until 2019, reaching an all time high of 10 in 2015 and a record low of 2 in 2011. This page provides the latest reported value for - Sweden Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Sweden Competitiveness Rank - values, historical data and charts - was last updated on May of 2020. source: World Economic Forum

Competitiveness Rank in Sweden is expected to reach 9.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Sweden Competitiveness Rank is projected to trend around 9.00 in 2021, according to our econometric models.

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Sweden Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
8.00 9.00 10.00 2.00 2007 - 2019 Yearly

Sweden Business Last Previous Highest Lowest Unit
Business Confidence 53.10 91.40 118.90 53.10 points [+]
Manufacturing PMI 36.70 42.60 70.40 34.00 points [+]
Services Pmi 39.00 46.10 67.20 34.50 points [+]
Industrial Production -0.20 -1.20 14.10 -23.80 percent [+]
Industrial Production Mom -0.40 -0.20 8.80 -7.90 percent [+]
Manufacturing Production -0.20 -1.50 19.20 -23.70 percent [+]
Capacity Utilization 89.20 89.40 91.30 76.00 percent [+]
New Orders 108.50 104.40 133.80 73.00 points [+]
Changes in Inventories -9700.00 154.00 38594.00 -28657.00 SEK Million [+]
Bankruptcies 903.00 795.00 2148.00 276.00 Companies [+]
Car Registrations 19831.00 28535.00 67553.00 7205.00 [+]
Internet Speed 22543.09 22846.85 22846.85 4526.74 KBps [+]
IP Addresses 5500163.00 5448834.00 6962118.00 3403447.00 IP [+]
Mining Production 1.60 5.20 104.90 -49.80 percent [+]
Steel Production 403.07 427.40 564.00 11.00 Thousand Tonnes [+]
Competitiveness Index 81.25 81.66 81.66 5.40 Points [+]
Competitiveness Rank 8.00 9.00 10.00 2.00 [+]
Business Inventories 5242.49 2375.80 18820.86 -15697.46 SEK Million [+]
Corruption Index 85.00 85.00 95.00 84.00 Points [+]
Corruption Rank 4.00 3.00 6.00 1.00 [+]
Ease of Doing Business 10.00 12.00 18.00 9.00 [+]
Electricity Production 15914.00 14856.00 16434.00 8753.00 Gigawatt-hour [+]


Sweden 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.