The score given to Bolivia on the Global Competitiveness Report, a study that assesses the competitiveness level of countries' economies worldwide, has increased lately. In 2019, the Bolivian economy had a competitiveness index of 51.8 points (in a range from 1 to 100), up from 51.4 points recorded one year before. Nevertheless, Bolivia was deemed one of the least competitive economies in Latin America as a whole.
Competitiveness index of Bolivia from 2008 to 2019
* From 2018, the study methodology changed. Before 2018, the index ranged from 1 to 7. As of 2018, 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 Bolivia from 2008 to 2019 [Graph]. In Statista. Retrieved February 19, 2020, from https://www.statista.com/statistics/789262/competitiveness-index-bolivia/
Trading Economics. "Competitiveness index of Bolivia from 2008 to 2019." Chart. October 8, 2019. Statista. Accessed February 19, 2020. https://www.statista.com/statistics/789262/competitiveness-index-bolivia/
Trading Economics. (2019). Competitiveness index of Bolivia from 2008 to 2019. Statista. Statista Inc.. Accessed: February 19, 2020. https://www.statista.com/statistics/789262/competitiveness-index-bolivia/
Trading Economics. "Competitiveness Index of Bolivia from 2008 to 2019." Statista, Statista Inc., 8 Oct 2019, https://www.statista.com/statistics/789262/competitiveness-index-bolivia/
Trading Economics, Competitiveness index of Bolivia from 2008 to 2019 Statista, https://www.statista.com/statistics/789262/competitiveness-index-bolivia/ (last visited February 19, 2020)
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