Australia scored 78.75 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Australia averaged 22.09 Points from 2007 until 2019, reaching an all time high of 78.85 Points in 2018 and a record low of 5.08 Points in 2015. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. This page provides the latest reported value for – Australia Competitiveness Index – plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.
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