South Korea: Competitiveness - World Economic Forum index (1-7): For that indicator, The World Economic Forum provides data for South Korea from 2006 to 2017. The average value for South Korea during that period was 5.07 points with a minumum of 4.93 points in 2010 and a maximum of 5.4 points in 2007. 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).