Russia: Competitiveness - World Economic Forum index (1-7): For that indicator, The World Economic Forum provides data for Russia from 2006 to 2017. The average value for Russia during that period was 4.3 points with a minumum of 4.13 points in 2006 and a maximum of 4.64 points in 2017. See the global rankings for that indicator or use the country comparator to compare trends over time.
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).