2018 WEF Global Competitiveness Report Ranks Nigeria 115 Out Of 140 Countries


 Wednesday, October 17, 2018 5.20PM / WEF 

The World Economic Forum in its 2018 Global Competitiveness Index, ranked Nigeria 115 out of 140 countries. This means it moved three places downward from  its 2017/2018 ranking of 112 out of 135 countries. 

According to the new ranking, Nigeria improved in four(4)  of  twelve (12) ranking pillars, namely;



3.Business Dynamism

4.Innovation Capability


The current GCI ranking template has the following twelve (12) as pillars for assessment;

1. Institutions

3. ICT Adoption

4.Macroeconomic environment


7.Product .Market

8.Labour Market

9.Financial System

10.Market Size

11.Business Dynamism

12.Innovation capability 

 Areas that Nigeria will require rapid improvement include the following eight (8) pillars;

1. Institutions

2. ICT Adoption

3.Macroeconomic environment


5.Product Market

6.Labour Market

7.Financial System

8.Market Size 

Proshare Nigeria Pvt. Ltd.

Source: WEF

Featuring the Global Competitiveness Index, the Report assesses the competitiveness landscape of 140 economies, providing unique insight into the drivers of their productivity and prosperity. Discover the 2018 edition’s rankings, key findings, your economy’s scorecard, and much more. 

The 2018 edition of the Global Competitiveness Report represents a milestone in the four-decade history of the series, with the introduction of the new Global Competitiveness Index 4.0. The new index sheds light on an emerging set of drivers of productivity and long-term growth in the era of the Fourth Industrial Revolution. It provides a much-needed compass for policy-makers and other stakeholders to help shape economic strategies and monitor progress.

Proshare Nigeria Pvt. Ltd.

Related News

1.Nigeria Ranked 125 Out of 137 Economies in the Global Competitiveness Report 2017–2018

2.Nigeria Up 24 places To 2013 Levels In World Bank Doing Business Report

3.The Global Competitiveness Report 2017-2018 | World Economic Forum

4.Africa Competitiveness Report 2017 | World Economic Forum

5.The Travel & Tourism Competitiveness Report 2017 | World ...

6.Building Institutions key to the advancement of Nations-Dr Obiageli Ezekwesili

7.Inadequate Infrastructure, FX Regulations Are Problematic Factors for Doing Business in Nigeria

8.Executive Orders: Key Enablers for Driving Execution & Impact

9.National Competitiveness Council of Nigeria’s State Competitive Index to Help Spur Growth-Friendly 

10.The Global Competitiveness Report 2017–2018 - www3.weforum.org ...

11.Nigeria ranks 161 in Global 2017 Index of Economic ... - Proshare

12.The Global Competitiveness Report 2016–2017 | World ...

13.Nigeria rises 3 places to rank 124 in Annual WEF Global ... - Proshare

14.Global Competitiveness Report 2015-2016 - Reports - World Economic ...

15. Global Competitiveness Report 2014-2015 | World Economic Forum
Related News