Uruguay is the 54 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 Uruguay averaged 68.46 from 2007 until 2019, reaching an all time high of 85 in 2014 and a record low of 50 in 2017. This page provides the latest reported value for - Uruguay Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Uruguay Competitiveness Rank - values, historical data and charts - was last updated on October of 2020.

Competitiveness Rank in Uruguay is expected to reach 53.00 by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Uruguay Competitiveness Rank is projected to trend around 53.00 in 2021, according to our econometric models.

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Uruguay Competitiveness Rank

Actual Previous Highest Lowest Dates Unit Frequency
54.00 53.00 85.00 50.00 2007 - 2019 Yearly

Uruguay Business Last Previous Highest Lowest Unit
Industrial Production -9.90 -5.30 57.25 -31.14 percent [+]
Changes in Inventories 7134243.16 12235885.34 12235885.34 -3504788.36 UYU THO [+]
Internet Speed 9505.67 8346.00 9505.67 401.63 KBps [+]
IP Addresses 959629.00 846123.00 1002106.00 117262.00 IP [+]
Steel Production 5.00 2.00 11.00 0.00 Thousand Tonnes [+]
Competitiveness Index 63.47 62.69 63.47 3.90 Points [+]
Competitiveness Rank 54.00 53.00 85.00 50.00 [+]
Ease of Doing Business 101.00 95.00 114.00 85.00 [+]
Corruption Index 71.00 70.00 74.00 41.40 Points [+]
Corruption Rank 21.00 23.00 42.00 19.00 [+]

Uruguay 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.