South Korea: Competitiveness

The latest value from 2019 is 79.6 points, an increase from 78.8 points in 2018. In comparison, the world average is 60.61 points, based on data from 140 countries. Historically, the average for South Korea from 2018 to 2019 is 79.2 points. The minimum value, 78.8 points, was reached in 2018 while the maximum of 79.6 points was recorded in 2019. 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: Institutions, Infrastructure, ICT adoption, Macroeconomic stability, Health, Skills, Product market, Labor market, Financial system, market size, Business, dynamism, and Innovation capability.