Ecuador: competitiveness index 2008-2019

The score given to Ecuador on the Global Competitiveness Report, a study that assesses the competitiveness level of countries' economies worldwide, has decreased lately. In 2019, the Ecuadorian economy had a competitiveness index of 55.7 points (in a range from 1 to 100), down from 55.85 points recorded one year before.

Still, the growth rate of Ecuador's gross domestic product (GDP) is predicted to rise in the near future.

Competitiveness index of Ecuador from 2008 to 2019

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Sources

Release date

October 2019

Region

Ecuador, Central and South America

Survey time period

2008 to 2019

Supplementary notes

* From 2017, the study methodology changed. Before 2017, the index ranged from 1 to 7. As of 2017, it ranges from 1 to 100.
No available data for 2015.
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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