Libya: Competitiveness

(measure: points; Source: The World Economic Forum)
* indicates monthly or quarterly data series

Libya: Competitiveness - World Economic Forum index (1-7)

: For that indicator, The World Economic Forum provides data for Libya from 2007 to 2014. The average value for Libya during that period was 3.75 points with a minimum of 3.48 points in 2014 and a maximum of 3.9 points in 2009. The latest value from 2014 is 3.48 points. For comparison, the world average in 2014 based on 143 countries is 4.21 points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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Definition: The Global Competitiveness index is composed of 12 pillars of competitiveness. The pillars are organized as followed: Basic requirements (Institutions, Infrastructure, Macroeconomic Stability, Health and Primary Education); Efficiency enhancers (Higher Education and Training, Goods Market Efficiency, Labour Market Efficiency, Financial Market Sophistication, Technological Readiness, Market Size), and Innovation and sophistication factors (Business Sophistication, Innovation).
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