Georgia is the 74 most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. This dataset provides the latest reported value for - Georgia Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The statistic reflects the score on the Global Competitiveness Index of 2018, which shows the competitiveness of countries worldwide. In the year 2019, Singapore was ranked first with an overall competitiveness score of ****.

The United States is the 2 most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. This dataset provides the latest reported value for - United States Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The average for 2019 based on 141 countries was 4.07 points. The highest value was in Singapore: 6.5 points and the lowest value was in Chad: 1.9 points. The indicator is available from 2006 to 2019. Below is a chart for all countries where data are available.

Tanzania TZ: Ease of Doing Business Rank: 1=Most Business-friendly Regulations data was reported at 141.000 NA in 2019. Tanzania TZ: Ease of Doing Business Rank: 1=Most Business-friendly Regulations data is updated yearly, averaging 141.000 NA from Dec 2019 (Median) to 2019, with 1 observations. Tanzania TZ: Ease of Doing Business Rank: 1=Most Business-friendly Regulations data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Tanzania – Table TZ.World Bank.WDI: Business Environment. Ease of doing business ranks economies from 1 to 190, with first place being the best. The ranking of economies is determined by sorting the aggregate ease of doing business scores. A high ranking (a low numerical rank) means that the regulatory environment is conducive to business operation.; ; World Bank, Doing Business project (http://www.doingbusiness.org/). NOTE: Doing Business has been discontinued as of 9/16/2021. For more information: bit.ly/3CLCbme; ; Data are presented for the survey year instead of publication year. Data before 2013 are not comparable with data from 2013 onward due to methodological changes.

The statistic shows the ifo World Economic Climate Index from the fourth quarter 2017 to the fourth quarter of 2019. In the fourth quarter of 2019, the ifo World Economic Climate Index reached a value of -18.8.

The global economy and globalization

The global economy includes the economies of all nations and countries. Its key figures and values are often represented in US dollars; the United States is the world’s largest economy, leading the ranking of the countries with the largest gross domestic product / GDP. Gross domestic product is considered to be the most important factor when it comes to an economy’s strength and power.

Apart from gross domestic product, other indicators for the state of the world economy are GDP per capita and the GDP growth rate, inflation rate, unemployment rate, median income (which shows the purchasing power parity of a country) and trade balance (imports and exports). Global debt, as calculated from the amount of national debt of all countries, is also an important factor.

One term that is inevitably connected to the global economy is “globalization”, the global expansion of national or local economy. Globalization is a controversial topic. Many critics believe that it leads to the demise of local businesses and industries and thus only benefits large companies and conglomerates, who, in their aim to expand, open subsidiaries all over the world. A significant part of globalization is outsourcing, which leads to job loss in certain areas and cheap labor in others.

The global economy suffered a setback in 2009 when the financial crisis hit and left several countries in severe financial distress. Growth of the global gross domestic product / gdp shows a deficit that year, but it has been back to stable values since.

The average for 2019 based on 139 countries was 4.03 points. The highest value was in Singapore: 6.5 points and the lowest value was in Tajikistan: 1 points. The indicator is available from 2006 to 2019. Below is a chart for all countries where data are available.

United States GOI: Weighted Rank data was reported at 8.000 NA in 2019. This records a decrease from the previous number of 32.000 NA for 2018. United States GOI: Weighted Rank data is updated yearly, averaging 15.000 NA from Dec 2017 (Median) to 2019, with 3 observations. The data reached an all-time high of 32.000 NA in 2018 and a record low of 8.000 NA in 2019. United States GOI: Weighted Rank data remains active status in CEIC and is reported by Milken Institute. The data is categorized under Global Database’s United States – Table US.Milken: Global Oportunity Index.

The average for 2019 based on 101 countries was 3.61 points. The highest value was in Japan: 6.8 points and the lowest value was in Albania: 1.2 points. The indicator is available from 2009 to 2019. Below is a chart for all countries where data are available.

Panama is the 66 most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. This dataset provides the latest reported value for - Panama Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

This statistic illustrates the ranking of China's economic soft power among ** countries in the global soft power index list from 2015 to 2019. According to the Soft Power ** study results of 2019, China ranked number ** in the economics category among ** countries worldwide.

United States GOI: Total Rank data was reported at 4.000 NA in 2019. This records a decrease from the previous number of 21.000 NA for 2018. United States GOI: Total Rank data is updated yearly, averaging 8.000 NA from Dec 2017 (Median) to 2019, with 3 observations. The data reached an all-time high of 21.000 NA in 2018 and a record low of 4.000 NA in 2019. United States GOI: Total Rank data remains active status in CEIC and is reported by Milken Institute. The data is categorized under Global Database’s United States – Table US.Milken: Global Oportunity Index.

The average for 2023 based on 161 countries was 94.72 percent. The highest value was in Luxembourg: 404.46 percent and the lowest value was in Sudan: 2.47 percent. The indicator is available from 1960 to 2024. Below is a chart for all countries where data are available.

Switzerland GOI: Weighted Rank data was reported at 14.000 NA in 2019. This records a decrease from the previous number of 23.000 NA for 2018. Switzerland GOI: Weighted Rank data is updated yearly, averaging 16.000 NA from Dec 2017 (Median) to 2019, with 3 observations. The data reached an all-time high of 23.000 NA in 2018 and a record low of 14.000 NA in 2019. Switzerland GOI: Weighted Rank data remains active status in CEIC and is reported by Milken Institute. The data is categorized under Global Database’s Switzerland – Table CH.Milken: Global Oportunity Index.

In 2024, the total contribution of travel and tourism to the global gross domestic product (GDP) amounted to **** trillion U.S. dollars. This figure, which includes the direct, indirect, and induced impact of the global travel and tourism market, represented an increase in total contribution to GDP of *** percent over 2019. As forecast, the total contribution of the travel and tourism sector to the global GDP was expected to reach **** trillion U.S. dollars in 2025. Which countries record the highest travel and tourism contribution to GDP? GDP is the total value of all goods and services produced in a country in a year. It is considered an important indicator of a country's economic strength, and a positive change in GDP is a sign of economic growth. Both before and after the impact of COVID-19, the United States and China were by far the leading travel markets based on the total contribution of travel and tourism to GDP, followed by Germany, Japan, and the United Kingdom. What are the most visited countries in the world? In 2023, France was the country with the highest number of international tourist arrivals worldwide, welcoming 100 million international visitors. While the United States reported the third-highest number of inbound tourist arrivals that year, it was the destination with the highest international tourism receipts worldwide, ranking ahead of Spain and the United Kingdom.

Slovakia is the 42 most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. This dataset provides the latest reported value for - Slovakia Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The average for 2019 based on 40 countries was 4.51 points. The highest value was in the Netherlands: 6.4 points and the lowest value was in Moldova: 2.6 points. The indicator is available from 2006 to 2019. Below is a chart for all countries where data are available.

Armenia is the 69 most competitive nation in the world out of 140 countries ranked in the 2019 edition of the Global Competitiveness Report published by the World Economic Forum. This dataset provides the latest reported value for - Armenia Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Germany GOI: Weighted Rank data was reported at 12.000 NA in 2019. This records a decrease from the previous number of 25.000 NA for 2018. Germany GOI: Weighted Rank data is updated yearly, averaging 21.000 NA from Dec 2017 (Median) to 2019, with 3 observations. The data reached an all-time high of 25.000 NA in 2018 and a record low of 12.000 NA in 2019. Germany GOI: Weighted Rank data remains active status in CEIC and is reported by Milken Institute. The data is categorized under Global Database’s Germany – Table DE.Milken: Global Oportunity Index.

In 2024, the gross domestic product (GDP) of the United Kingdom grew by 0.9 percent and is expected to grow by just one percent in 2025 and by 1.9 percent in 2026. Growth is expected to slow down to 1.8 percent in 2027, and then grow by 1.7, and 1.8 percent in 2027 and 2028 respectively. The sudden emergence of COVID-19 in 2020 and subsequent closure of large parts of the economy were the cause of the huge 9.4 percent contraction in 2020, with the economy recovering somewhat in 2021, when the economy grew by 7.6 percent. UK growth downgraded in 2025 Although the economy is still expected to grow in 2025, the one percent growth anticipated in this forecast has been halved from two percent in October 2024. Increased geopolitical uncertainty as well as the impact of American tariffs on the global economy are some of the main reasons for this mark down. The UK's inflation rate for 2025 has also been revised, with an annual rate of 3.2 percent predicated, up from 2.6 percent in the last forecast. Unemployment is also anticipated to be higher than initially thought, with the annual unemployment rate likely to be 4.5 percent instead of 4.1 percent. Long-term growth problems In the last two quarters of 2023, the UK economy shrank by 0.1 percent in Q3 and by 0.3 percent in Q4, plunging the UK into recession for the first time since the COVID-19 pandemic. Even before that last recession, however, the UK economy has been struggling with weak growth. Although growth since the pandemic has been noticeably sluggish, there has been a clear long-term trend of declining growth rates. The economy has consistently been seen as one of the most important issues to people in Britain, ahead of health, immigration and the environment. Achieving strong levels of economic growth is one of the main aims of the Labour government elected in 2024, although after almost one year in power it has so far proven elusive.