The score given to Panama on the Global Competitiveness Report, a study that assesses the competitiveness level of countries' economies worldwide, has increased recently. In 2019, the Panamanian economy had a competitiveness index of 61.6 points (in a range from 1 to 100), up from 61.03 points obtained a year earlier.
* 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 Panama from 2008 to 2019 [Graph]. In Statista. Retrieved February 18, 2020, from https://www.statista.com/statistics/789371/competitiveness-index-panama/
Trading Economics. "Competitiveness index of Panama from 2008 to 2019." Chart. October 8, 2019. Statista. Accessed February 18, 2020. https://www.statista.com/statistics/789371/competitiveness-index-panama/
Trading Economics. (2019). Competitiveness index of Panama from 2008 to 2019. Statista. Statista Inc.. Accessed: February 18, 2020. https://www.statista.com/statistics/789371/competitiveness-index-panama/
Trading Economics. "Competitiveness Index of Panama from 2008 to 2019." Statista, Statista Inc., 8 Oct 2019, https://www.statista.com/statistics/789371/competitiveness-index-panama/
Trading Economics, Competitiveness index of Panama from 2008 to 2019 Statista, https://www.statista.com/statistics/789371/competitiveness-index-panama/ (last visited February 18, 2020)
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