What is Global Competitiveness Index?
The Global Competitiveness Index (GCI) is a new, more comprehensive tool to assess competitiveness of nations. Developed for the World Economic Forum by Professor Xavier Sala-i-Martin of Columbia University, the new index extends and deepens the concepts and ideas underpinning the Growth Competitiveness Index formerly used by the Forum. Officially launched in September 2006 as part of The Global Competitiveness Report 2006-2007, the GCI has now become our main index of reference. GCI continues to be the most comprehensive assessment of its kind. How is the Global Competitiveness Index calculated? The Global Competitiveness Index (GCI) is made up of over 113 variables, of which approximately one two thirds come from the Executive Opinion Survey, and one third comes from publicly available sources. The variables are organized into 12 pillars, with each pillar representing an area considered as an important determinant of competitiveness: • Institutions • Infrastructure • Macroeconomic st
