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.
* 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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Trading Economics. (October 8, 2019). Competitiveness index of Ecuador from 2008 to 2019 [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/statistics/789284/competitiveness-index-ecuador/
Trading Economics. "Competitiveness index of Ecuador from 2008 to 2019." Chart. October 8, 2019. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/789284/competitiveness-index-ecuador/
Trading Economics. (2019). Competitiveness index of Ecuador from 2008 to 2019. Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/789284/competitiveness-index-ecuador/
Trading Economics. "Competitiveness Index of Ecuador from 2008 to 2019." Statista, Statista Inc., 8 Oct 2019, https://www-statista-com.ezproxy.canberra.edu.au/statistics/789284/competitiveness-index-ecuador/
Trading Economics, Competitiveness index of Ecuador from 2008 to 2019 Statista, https://www-statista-com.ezproxy.canberra.edu.au/statistics/789284/competitiveness-index-ecuador/ (last visited September 20, 2024)
Competitiveness index of Ecuador from 2008 to 2019 [Graph], Trading Economics, October 8, 2019. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/789284/competitiveness-index-ecuador/