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. source: 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. This page provides the latest reported value for - United Kingdom Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. United Kingdom Competitiveness Rank - values, historical data and charts - was last updated on December of 2020.

Competitiveness Rank in the United Kingdom is expected to reach 11.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the United Kingdom Competitiveness Rank is projected to trend around 11.00 in 2021, according to our econometric models.

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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 Business Last Previous Highest Lowest Unit
Business Confidence 0.00 -1.00 55.00 -87.00 points [+]
Manufacturing PMI 55.60 53.70 61.50 32.60 points [+]
Services PMI 45.80 51.40 62.50 13.40 points [+]
Industrial Production -6.30 -6.40 22.70 -23.70 percent [+]
Industrial Production Mom 0.50 0.30 9.80 -19.60 percent [+]
Manufacturing Production -7.90 -8.30 19.60 -29.90 percent [+]
Capacity Utilization 73.90 64.50 85.20 38.00 percent [+]
New Orders 11100.00 6173.00 25109.00 6173.00 GBP Million [+]
Factory Orders -40.00 -34.00 21.00 -79.00 Net Balance [+]
Changes in Inventories 2628.00 -4048.00 11982.00 -10447.00 GBP Million [+]
Bankruptcies 2672.00 2974.00 6959.00 924.00 Companies [+]
Corporate Profits 126492.00 83581.00 126492.00 931.00 GBP Million [+]
Zew Economic Sentiment Index -2.90 7.40 61.00 -80.60 [+]
Car Production 110179.00 114732.00 185157.00 197.00 Units [+]
Car Registrations 140945.00 328041.00 562337.00 4321.00 [+]
Small Business Sentiment -2.00 -2.00 40.00 -84.00 [+]
Internet Speed 16920.86 16337.23 16920.86 3085.89 KBps [+]
IP Addresses 27493519.00 26782989.00 27493519.00 13305856.00 IP [+]
Leading Economic Index 15.50 7.90 15.50 -19.80 percent [+]
Private Investment 8.80 -26.50 60.70 -33.70 percent [+]
Mining Production -9.90 -5.40 851.30 -90.50 percent [+]
Steel Production 565.00 545.00 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 47.40 52.10 61.80 13.80 points [+]
Crude Oil Rigs 7.00 6.00 32.00 3.00 [+]
Corruption Index 77.00 80.00 87.00 74.00 Points [+]
Corruption Rank 12.00 11.00 20.00 8.00 [+]
Ease of Doing Business 8.00 9.00 11.00 5.00 [+]
Electricity Production 29731.00 28902.00 38520.00 16152.00 Gigawatt-hour [+]


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.