The United Kingdom is the 9 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 the United Kingdom averaged 9.08 from 2007 until 2019, reaching an all time high of 13 in 2010 and a record low of 2 in 2007. source: World Economic Forum

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United Kingdom Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
9.00 8.00 13.00 2.00 2007 - 2019 Yearly


United Kingdom 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.

United Kingdom Business Last Previous Highest Lowest Unit
Business Confidence -44.00 -32.00 55.00 -75.00 points [+]
Manufacturing PMI 47.50 48.90 61.50 34.40 points [+]
Services PMI 50.00 49.30 62.50 40.10 points [+]
Industrial Production -1.60 -0.60 22.60 -12.00 percent [+]
Industrial Production Mom -1.20 0.40 9.70 -7.80 percent [+]
Manufacturing Production -2.00 -0.30 19.60 -16.90 percent [+]
Capacity Utilization 81.50 79.00 85.20 38.00 percent [+]
New Orders 10875.00 10922.00 25109.00 9381.00 GBP Million [+]
Factory Orders -28.00 -26.00 21.00 -79.00 Net Balance [+]
Changes in Inventories -8400.00 360.00 11359.00 -9083.00 GBP Million [+]
Bankruptcies 4355.00 4338.00 6924.00 924.00 Companies [+]
Corporate Profits 114104.00 111745.00 115312.00 1024.00 GBP Million [+]
Zew Economic Sentiment Index -38.30 -47.20 61.00 -80.60 [+]
Car Production 107753.00 134752.00 185157.00 43773.00 Units [+]
Car Registrations 148997.00 156621.00 562337.00 33051.00 [+]
Small Business Sentiment -34.00 -24.00 40.00 -69.00 [+]
Internet Speed 16920.86 16337.23 16920.86 3085.89 KBps [+]
IP Addresses 27493519.00 26782989.00 27493519.00 13305856.00 IP [+]
Mining Production -2.50 -6.80 855.60 -90.50 percent [+]
Leading Economic Index 0.10 0.20 2.00 -2.00 percent [+]
Private Investment 0.00 0.10 51.50 -11.40 percent [+]
Steel Production 550.00 621.00 2848.00 131.00 Thousand Tonnes [+]
Competitiveness Index 81.20 81.99 82.11 5.18 Points [+]
Competitiveness Rank 9.00 8.00 13.00 2.00 [+]
Composite Pmi 49.30 49.30 61.80 47.60 points [+]
Crude Oil Rigs 10.00 13.00 32.00 3.00 [+]
Ease of Doing Business 8.00 9.00 11.00 5.00 [+]
Electricity Production 24869.00 24791.00 38520.00 16152.00 Gigawatt-hour [+]
Corruption Index 80.00 82.00 87.00 74.00 Points [+]
Corruption Rank 11.00 8.00 20.00 8.00 [+]