Lately, the score given to Chile on the Global Competitiveness Report, a study that assesses the competitiveness level of countries' economies worldwide, has been increasing. In 2019, the Chilean economy scored 70.5 points out of 100, up from 70.26 points obtained one year before. That makes Chile the most competitive economy in Latin America as a whole.
* 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 Chile from 2008 to 2019 [Graph]. In Statista. Retrieved July 14, 2020, from https://www.statista.com/statistics/788744/competitiveness-index-chile/
Trading Economics. "Competitiveness index of Chile from 2008 to 2019." Chart. October 8, 2019. Statista. Accessed July 14, 2020. https://www.statista.com/statistics/788744/competitiveness-index-chile/
Trading Economics. (2019). Competitiveness index of Chile from 2008 to 2019. Statista. Statista Inc.. Accessed: July 14, 2020. https://www.statista.com/statistics/788744/competitiveness-index-chile/
Trading Economics. "Competitiveness Index of Chile from 2008 to 2019." Statista, Statista Inc., 8 Oct 2019, https://www.statista.com/statistics/788744/competitiveness-index-chile/
Trading Economics, Competitiveness index of Chile from 2008 to 2019 Statista, https://www.statista.com/statistics/788744/competitiveness-index-chile/ (last visited July 14, 2020)
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