This map shows 2010-2011 Global Competitiveness Index (GCI) in 139 major and emerging economies from all of the world's regions. The GCI, a highly comprehensive index for measuring national competitiveness, which captures the microeconomic and macroeconomic foundations of national competitiveness.
Summary of the Global Competitiveness Report 2010-2011, released 9 September 2010:
- The United States falls two places to fourth position, overtaken by Sweden and Singapore in the rankings
- The People's Republic of China continues to move up the rankings, with marked improvements in several other Asian countries
- Germany moves up two places to fifth place, leading the Eurozone countries
- Several countries from the Middle East occupy the upper half of the rankings
- Switzerland tops the rankings
What is Global Competitiveness Index?
The Global Competitiveness Index (GCI) is a new, more comprehensive tool to assess competitiveness of nations. Developed for the World Economic Forum by Professor Xavier Sala-i-Martin of Columbia University, the new index extends and deepens the concepts and ideas underpinning the Growth Competitiveness Index formerly used by the Forum. Officially launched in September 2006 as part of The Global Competitiveness Report 2006-2007, the GCI has now become our main index of reference. GCI continues to be the most comprehensive assessment of its kind.
How is the Global Competitiveness Index calculated?
The Global Competitiveness Index (GCI) is made up of over 113 variables, of which approximately one two thirds come from the Executive Opinion Survey, and one third comes from publicly available sources. The variables are organized into 12 pillars, with each pillar representing an area considered as an important determinant of competitiveness:
- Institutions
- Infrastructure
- Macroeconomic stability
- Health and primary education
- Higher education and training
- Goods market efficiency
- Labor market efficiency
- Financial market sophistication
- Technological readiness
- Market size
- Business sophistication
- Innovation
The impact of each pillar on competitiveness varies across countries, in function of their stages of economic development. In order to take this reality into account in the calculation of the GCI, pillars are given different weights.
For more information about the structure of the index follow the reference link below
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