This year, over 11,000 business leaders were polled in a record 125 economies worldwide. The survey questionnaire is designed to capture a broad range of factors affecting an economy's business climate that are critical determinants of sustained economic growth.
The Forum annually delivers a comprehensive overview of the main strengths and weaknesses in a large number of countries, making it possible to identify key areas for policy formulation and reform.
This year marks an important progression in The Global Competitiveness Report's methodology, with the adoption of a new, more comprehensive, tool to assess countries' competitiveness: the Global Competitiveness Index (GCI).
Developed for the World Economic Forum by Professor Xavier Sala-i-Martin of Columbia University, the new index –representing two years of collaboration with him and feedback from a broad set of users – extends and deepens the concepts and ideas underpinning the earlier index used by the Forum.
“The introduction of the Global Competitiveness Index is a logical extension of the World Economic Forum's competitiveness work."
"Changes in the global economy and the increasing complexity which characterize the business environment have made it necessary to develop an instrument that captures a larger set of factors affecting the evolution of economic growth."
"We are confident that this index, elegant in design and with a strong conceptual underpinning, will become an important tool for dialogue with policy-makers and the business community on the key drivers of productivity,” said Augusto Lopez-Claros.
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