(measure: points; Source: The World Economic Forum)
* indicates monthly or quarterly data series
South Korea: Competitiveness - World Economic Forum index (1-7)
For that indicator, we provide data for South Korea from 2006 to 2017. The average value for South Korea during that period was 5.07 points with a minimum of 4.93 points in 2010 and a maximum of 5.4 points in 2007.
The latest value from 2017 is 5.07 points. For comparison, the world average in 2017 based on 137
countries is 4.30 points.
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).