In the 2023 edition of the globalization index, Switzerland had the highest index score at 90.75. Belgium followed behind, with the Netherlands in third. Overall, globalization declined in 2020 due to the COVID-19 outbreak, but increased somewhat in 2021, even though it was still below pre-pandemic levels.
About the index
The KOF Index of Globalization aims to measure the rate of globalization in countries around the world. Data used to construct the 2023 edition of the index was from 2021. The index is based on three dimensions, or core sets of indicators: economic, social, and political. Via these three dimensions, the overall index of globalization tries to assess current economic flows, economic restrictions, data on information flows, data on personal contact, and data on cultural proximity within surveyed countries.
Defining globalization
Globalization is defined for this index as the process of creating networks of connections among actors at multi-continental distances, mediated through a variety of flows including people, information and ideas, capital and goods. It is a process that erodes national boundaries, integrates national economies, cultures, technologies and governance and produces complex relations of mutual interdependence.
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KOF. (December 6, 2023). Top 50 countries in the Globalization Index 2023 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/268168/globalization-index-by-country/
KOF. "Top 50 countries in the Globalization Index 2023." Chart. December 6, 2023. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/268168/globalization-index-by-country/
KOF. (2023). Top 50 countries in the Globalization Index 2023. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/268168/globalization-index-by-country/
KOF. "Top 50 Countries in The Globalization Index 2023." Statista, Statista Inc., 6 Dec 2023, https://www.statista.com/statistics/268168/globalization-index-by-country/
KOF, Top 50 countries in the Globalization Index 2023 Statista, https://www.statista.com/statistics/268168/globalization-index-by-country/ (last visited November 23, 2024)
Top 50 countries in the Globalization Index 2023 [Graph], KOF, December 6, 2023. [Online]. Available: https://www.statista.com/statistics/268168/globalization-index-by-country/