The score given to Colombia on the Global Competitiveness Report, a study that assesses the competitiveness level of countries' economies worldwide, has been increasing lately. In 2019, the Colombian economy had a competitiveness index of 62.7 points (in a range from 1 to 100), up from 61.63 points obtained one year before. Still, Chile was deemed the most competitive economy in Latin America.
Competitiveness index of Colombia 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 Colombia from 2008 to 2019 [Graph]. In Statista. Retrieved November 10, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/789280/competitiveness-index-colombia/
Trading Economics. "Competitiveness index of Colombia from 2008 to 2019." Chart. October 8, 2019. Statista. Accessed November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/789280/competitiveness-index-colombia/
Trading Economics. (2019). Competitiveness index of Colombia from 2008 to 2019. Statista. Statista Inc.. Accessed: November 10, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/789280/competitiveness-index-colombia/
Trading Economics. "Competitiveness Index of Colombia from 2008 to 2019." Statista, Statista Inc., 8 Oct 2019, https://www-statista-com.ezproxy.canberra.edu.au/statistics/789280/competitiveness-index-colombia/
Trading Economics, Competitiveness index of Colombia from 2008 to 2019 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/789280/competitiveness-index-colombia/ (last visited November 10, 2024)
Competitiveness index of Colombia from 2008 to 2019 [Graph], Trading Economics, October 8, 2019. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/789280/competitiveness-index-colombia/