Namibia is the 94 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 Namibia averaged 86.15 from 2007 until 2019, reaching an all time high of 100 in 2018 and a record low of 72 in 2007. This page provides the latest reported value for - Namibia Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Namibia Competitiveness Rank - values, historical data and charts - was last updated on October of 2021.

Competitiveness Rank in Namibia is expected to reach 100.00 by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Namibia Competitiveness Rank is projected to trend around 97.00 in 2022, according to our econometric models.

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Namibia Competitiveness Rank

Namibia Last Unit Reference Previous Highest Lowest
Competitiveness Rank 94.00 Dec/19 100.00 100.00 72.00
Competitiveness Index 54.46 Points Dec/19 52.67 54.46 3.84

Namibia 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.