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Paraguay: competitiveness index 2008-2019

The score given to Paraguay on the Global Competitiveness Report, a study that assesses the competitiveness level of countries' economies worldwide, has been increasing lately. In 2019, the Paraguayan economy had a competitiveness index of 53.6 points (in a range from 1 to 100), up from 53.38 points obtained one year before.

Furthermore, the growth rate of Paraguay's gross domestic product (GDP) is predicted to increase in the near future.

Competitiveness index of Paraguay from 2008 to 2019

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Sources

Release date

October 2019

Region

Paraguay

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.
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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