Australia Competitiveness Rank
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Australia Competitiveness Rank

Australia is the 16 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 Australia averaged 17.92 from 2007 until 2019, reaching an all time high of 22 in 2015 and a record low of 14 in 2018. 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. This page provides the latest reported value for – Australia Competitiveness Rank – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.