The score given to Nicaragua on the Global Competitiveness Report, a study that assesses the competitiveness level of countries' economies worldwide, has been flatlining recently. In 2019, the Nicaraguan economy had a competitiveness index of 51.5 points (in a range from 1 to 100), the very same score obtained a year earlier. Moreover, Nicaragua was regarded as one of the least competitive economies in Latin America altogether.
Competitiveness index of Nicaragua from 2008 to 2019
* 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 Nicaragua from 2008 to 2019 [Graph]. In Statista. Retrieved October 31, 2024, from https://www.statista.com/statistics/789369/competitiveness-index-nicaragua/
Trading Economics. "Competitiveness index of Nicaragua from 2008 to 2019." Chart. October 8, 2019. Statista. Accessed October 31, 2024. https://www.statista.com/statistics/789369/competitiveness-index-nicaragua/
Trading Economics. (2019). Competitiveness index of Nicaragua from 2008 to 2019. Statista. Statista Inc.. Accessed: October 31, 2024. https://www.statista.com/statistics/789369/competitiveness-index-nicaragua/
Trading Economics. "Competitiveness Index of Nicaragua from 2008 to 2019." Statista, Statista Inc., 8 Oct 2019, https://www.statista.com/statistics/789369/competitiveness-index-nicaragua/
Trading Economics, Competitiveness index of Nicaragua from 2008 to 2019 Statista, https://www.statista.com/statistics/789369/competitiveness-index-nicaragua/ (last visited October 31, 2024)
Competitiveness index of Nicaragua from 2008 to 2019 [Graph], Trading Economics, October 8, 2019. [Online]. Available: https://www.statista.com/statistics/789369/competitiveness-index-nicaragua/