Austria Competitiveness Rank2021 Data - 2022 Forecast - 2007-2020 Historical

Name: Austria Competitiveness Rank
Creator: TRADING ECONOMICS
License: https://creativecommons.org/licenses/by/4.0/
Keywords: Austria,Competitiveness Rank,data,chart,actual,historical,values,calendar,forecast,graph,2021,2022,2023

Austria is the 21 most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. source: World Economic Forum

Competitiveness Rank in Austria averaged 18.54 from 2007 until 2019, reaching an all time high of 23 in 2016 and a record low of 14 in 2009. This page provides the latest reported value for - Austria Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Austria Competitiveness Rank - values, historical data and charts - was last updated on May of 2022.

Competitiveness Rank in Austria is expected to reach 22.00 by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Austria Competitiveness Rank is projected to trend around 22.00 in 2022, according to our econometric models.

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Related	Last	Previous	Unit	Reference
Competitiveness Rank	21.00	22.00		Dec 2019
Competitiveness Index	76.61	76.34	Points	Dec 2019

Austria 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.