Globalization Index - economic globalization 2019

The statistic shows the leading countries in the globalization index 2019 in the field of economic globalization. The 2019 edition of the index uses data from the year 2017. The index value for Singapore was determined at 94 points in the globalization index 2019 in the field of economic globalization.

Additional information on trends of globalization

The beginning of the current era of increasing economic globalization was signaled in by the creation of the Bretton Woods institutions towards the end of the Second World War. These institutions acted as the foundation for the International Monetary Fund, World Bank and World Trade Organization. The institutions, and their modern equivalents, sought to reduce the barriers on international trade in goods, services and capital markets. In the decades following their inception international trade has skyrocketed to become a cornerstone of the international economy, as demonstrated by trends in global export volume of trade in goods from 1950 to 2017.

Countries that are perceived as more economically globalized are those with low tariffs on imports, more free-trade agreements, regulation that accommodates foreign investment and lower non-tariff barriers to trade such as safety regulations on imports. However, economic globalization fails to capture the entire picture in regards to globalization processes and their impact on countries. As such, analysts have placed attention on the social and political effects of globalization as seen in the index for social globalization and index for political organization. To see the combined results of the multiple globalization indexes see the Top 100 countries in the Globalization Index.

Leading countries in the Globalization Index field of economic globalization 2019

Index value in points
Singapore94
Netherlands88.66
Belgium88.54
Luxembourg88.3
Hong Kong, China88.21
Ireland87.97
Switzerland86.79
Malta86.5
Estonia86.27
United Arab Emirates85.95
Denmark84.46
Cyprus84.28
Czech Republic84.04
Sweden83.35
Slovak Republic83.07
Finland82.97
Austria82.86
Hungary82.69
Bahrain82.54
Mauritius82.16
Latvia82.08
Georgia82.02
United Kingdom81.47
Germany80.49
Portugal80.17
Lithuania79.56
Montenegro78.06
France78.06
Bulgaria77.82
Norway77.53
Slovenia77.26
Malaysia76.77
Spain76.59
Panama76.07
Qatar76.06
Croatia75.7
Seychelles74.82
Poland73.53
Serbia73.42
Greece72.88
Kuwait72.48
Micronesia, Fed. Sts.72.25
Canada71.71
Macedonia, FYR71.31
Romania71.03
Azerbaijan70.92
New Zealand70.28
Italy70.2
Chile70.18
Albania69.92
Israel69.92
Armenia69.51
Kiribati69.24
Iceland69.2
Jordan69.04
Lebanon69
Antigua and Barbuda68.57
Australia68.17
United States68.13
Cambodia67.97
Macao, China67.35
Oman67.3
Thailand67.06
Bermuda66.87
Brunei Darussalam66.8
Japan66.65
Trinidad and Tobago66.47
Marshall Islands66.33
Mongolia65.68
Moldova65.3
St. Lucia65.29
Ukraine64.97
Nicaragua64.91
Grenada64.39
Korea, Rep.64.27
Costa Rica64.14
Vanuatu63.69
Dominica63.38
Belarus62.99
Mozambique62.96
Jamaica62.92
Belize62.9
Aruba62.86
Maldives62.25
Kyrgyz Republic62.04
El Salvador61.96
Mexico61.84
St. Vincent and the Grenadines61.81
Equatorial Guinea61.51
Peru61.47
Barbados61.11
Uruguay61.08
Bosnia and Herzegovina60.99
Saudi Arabia60.83
St. Kitts and Nevis60.8
Vietnam60.4
Suriname59.51
Honduras59.39
Tonga59.38
Djibouti59.3
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Source

Release date

November 2019

Region

Worldwide

Survey time period

2017

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