The score given to Mexico on the Global Competitiveness Report, a study that assesses the competitiveness level of countries' economies worldwide, has been rising recently. In 2019, the Mexican economy had a competitiveness index of 64.9 points (in a range from 1 to 100), up from 64.6 points obtained a year earlier. Moreover, Mexico was deemed the second most competitive economy in Latin America, just behind Chile.
* From 2017, the study methodology changed. Before 2017, the index ranged from 1 to 7. As of 2017, it ranges from 1 to 100.
The Global Competitiveness Index is based on twelve pillars of competitiveness, such as technology levels, infrastructure, labor market efficiency, etc. These indicators are combined in an index which provides insight into how a country is able to generate wealth.
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Trading Economics. (October 8, 2019). Competitiveness index of Mexico from 2008 to 2019 [Graph]. In Statista. Retrieved November 23, 2024, from https://www.statista.com/statistics/789288/competitiveness-index-mexico/
Trading Economics. "Competitiveness index of Mexico from 2008 to 2019." Chart. October 8, 2019. Statista. Accessed November 23, 2024. https://www.statista.com/statistics/789288/competitiveness-index-mexico/
Trading Economics. (2019). Competitiveness index of Mexico from 2008 to 2019. Statista. Statista Inc.. Accessed: November 23, 2024. https://www.statista.com/statistics/789288/competitiveness-index-mexico/
Trading Economics. "Competitiveness Index of Mexico from 2008 to 2019." Statista, Statista Inc., 8 Oct 2019, https://www.statista.com/statistics/789288/competitiveness-index-mexico/
Trading Economics, Competitiveness index of Mexico from 2008 to 2019 Statista, https://www.statista.com/statistics/789288/competitiveness-index-mexico/ (last visited November 23, 2024)
Competitiveness index of Mexico from 2008 to 2019 [Graph], Trading Economics, October 8, 2019. [Online]. Available: https://www.statista.com/statistics/789288/competitiveness-index-mexico/