The score given to Brazil on the Global Competitiveness Report, a study that assesses the competitiveness level of countries' economies worldwide, has increased recently. In 2019, the Brazilian economy had a competitiveness index of 60.9 points (in a range from 1 to 100), up from 59.51 points recorded a year earlier. Still, Chile was deemed the most competitive economy in Latin America.
* From 2017, the study methodology changed. Before 2017, the index ranged from 1 to 7. As of 2017, it ranges from 1 to 100.
The Global Competitiveness Index is based on twelve pillars of competitiveness, such as technology levels, infrastructure, labor market efficiency, etc. These indicators are combined in an index which provides insight into how a country is able to generate wealth.
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Trading Economics. (October 8, 2019). Competitiveness index of Brazil from 2008 to 2019 [Graph]. In Statista. Retrieved June 04, 2020, from https://www.statista.com/statistics/788699/competitiveness-index-brazil/
Trading Economics. "Competitiveness index of Brazil from 2008 to 2019." Chart. October 8, 2019. Statista. Accessed June 04, 2020. https://www.statista.com/statistics/788699/competitiveness-index-brazil/
Trading Economics. (2019). Competitiveness index of Brazil from 2008 to 2019. Statista. Statista Inc.. Accessed: June 04, 2020. https://www.statista.com/statistics/788699/competitiveness-index-brazil/
Trading Economics. "Competitiveness Index of Brazil from 2008 to 2019." Statista, Statista Inc., 8 Oct 2019, https://www.statista.com/statistics/788699/competitiveness-index-brazil/
Trading Economics, Competitiveness index of Brazil from 2008 to 2019 Statista, https://www.statista.com/statistics/788699/competitiveness-index-brazil/ (last visited June 04, 2020)
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