About the WEF Global Competitiveness Index

The WEF has published its annual Global Competitiveness Index since 2003. Covering most countries in the world, it is the most extensive competitiveness ranking globally. This year, a total of 141 countries are listed. Kopint-Tárki Ltd. has been WEF’s Hungarian partner institution in the compilation of the competitiveness index since the beginnings. The way the index is structured is based on the assumption that countries’ competitiveness depends  first and foremost on the factors of production, followed by factors fostering efficiency, and finally, on innovation performance. As shown in the table above, the first 4 of the 12 pillars deal with the fundamentals, followed by 6 factors related to efficiency-fostering factors, while the last two pillars represent innovation and economic complexity. (Source: portfolio.hu)