The score given to Uruguay on the Global Competitiveness Report, a study that assesses the competitiveness level of countries' economies worldwide, has increased recently. In 2019, the Uruguayan economy had a competitiveness index of 63.5 points (in a range from 1 to 100), up from less than 62.7 points obtained a year earlier. Furthermore, Uruguay was regarded as one of the most competitive economies in Latin America.
Competitiveness index of Uruguay from 2008 to 2019
* 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 Uruguay from 2008 to 2019 [Graph]. In Statista. Retrieved July 05, 2020, from https://www.statista.com/statistics/789296/competitiveness-index-uruguay/
Trading Economics. "Competitiveness index of Uruguay from 2008 to 2019." Chart. October 8, 2019. Statista. Accessed July 05, 2020. https://www.statista.com/statistics/789296/competitiveness-index-uruguay/
Trading Economics. (2019). Competitiveness index of Uruguay from 2008 to 2019. Statista. Statista Inc.. Accessed: July 05, 2020. https://www.statista.com/statistics/789296/competitiveness-index-uruguay/
Trading Economics. "Competitiveness Index of Uruguay from 2008 to 2019." Statista, Statista Inc., 8 Oct 2019, https://www.statista.com/statistics/789296/competitiveness-index-uruguay/
Trading Economics, Competitiveness index of Uruguay from 2008 to 2019 Statista, https://www.statista.com/statistics/789296/competitiveness-index-uruguay/ (last visited July 05, 2020)
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