×

Economy > Growth competitiveness score: Countries Compared

Ian Graham, Staff Editor

Author: Ian Graham, Staff Editor

Germany’s Ifo Group, an economic consulting and research organization, produces a monthly index that measures German business sentiment about the economy and expectations for the future. More than 7,000 German businesses assess the current business climate and their expectations for the next six months. The weighted responses create an index showing the level of optimism and pessimism and how many respondents gave the highest and lowest ratings.

In 171 reports since 1991, future expectations were positive 43 times, while current situation assessments were optimistic 15 times. Assessments of the current situation have been positive only once since February 1992.

Recently, the pessimism has been justified. Germany’s economy grew 0.8 percent in 2001, 0.1 percent in 2002, negative 0.1 percent in 2003, and 1.7 percent in 2004. Recently, the European Commission estimated growth in the EU to be 1.6 percent in 2005, with Germany's economy expected to grow just 0.8 percent.

DEFINITION: The GCI, or the Growth competitiveness index, is composed of three pillars, all of which are widely accepted as being critical to economic growth: the quality of the macroeconomic environment, the state of a country's public institutions, and, given the increasing importance of technology in the development process, a country's technological readiness. The GCI aims specifically to gauge the ability of the world's economies to achieve sustained economic growth over the medium to long term.

CONTENTS

# COUNTRY AMOUNT DATE GRAPH
1 Finland 5.95 2005
2 United States 5.82 2005
3 Sweden 5.72 2005
4 Taiwan 5.69 2005
5 Denmark 5.66 2005
=6 Norway 5.56 2005
=6 Singapore 5.56 2005
8 Switzerland 5.49 2005
9 Japan 5.48 2005
10 Iceland 5.44 2005
=11 Netherlands 5.3 2005
=11 United Kingdom 5.3 2005
13 Germany 5.28 2005
14 Australia 5.25 2005
15 Canada 5.23 2005
16 United Arab Emirates 5.21 2005
17 Austria 5.2 2005
Group of 7 countries (G7) average (profile) 5.19 2005
18 New Zealand 5.18 2005
High income OECD countries average (profile) 5.11 2005
19 Israel 5.09 2005
20 Estonia 5.08 2005
21 Hong Kong 5.06 2005
22 Chile 5.01 2005
23 Spain 5 2005
24 Portugal 4.96 2005
=25 Luxembourg 4.95 2005
=25 Belgium 4.95 2005
27 France 4.92 2005
28 Bahrain 4.91 2005
29 Ireland 4.9 2005
30 Malaysia 4.88 2005
Eurozone average (profile) 4.86 2005
Non-religious countries average (profile) 4.86 2005
31 Malta 4.79 2005
European Union average (profile) 4.77 2005
32 Slovenia 4.75 2005
NATO countries average (profile) 4.74 2005
=33 Thailand 4.58 2005
=33 Jordan 4.58 2005
35 Lithuania 4.57 2005
=36 Hungary 4.56 2005
=36 Greece 4.56 2005
38 Czech Republic 4.55 2005
39 South Africa 4.53 2005
40 Tunisia 4.51 2005
=41 Slovakia 4.43 2005
=41 Latvia 4.43 2005
43 Botswana 4.3 2005
44 China 4.29 2005
45 Italy 4.27 2005
46 Mexico 4.17 2005
47 Mauritius 4.14 2005
=48 Costa Rica 4.12 2005
=48 Trinidad and Tobago 4.12 2005
50 Namibia 4.11 2005
51 El Salvador 4.1 2005
52 Uruguay 4.08 2005
53 India 4.07 2005
Emerging markets average (profile) 4.07 2005
54 Morocco 4.06 2005
55 Brazil 4.05 2005
56 Panama 4.01 2005
=57 Bulgaria 3.98 2005
=57 Poland 3.98 2005
59 Croatia 3.94 2005
60 Egypt 3.88 2005
61 Romania 3.86 2005
62 Colombia 3.84 2005
=63 Turkey 3.82 2005
=63 Jamaica 3.82 2005
65 Cyprus 3.8 2005
=66 Ghana 3.78 2005
=66 Peru 3.78 2005
68 Indonesia 3.72 2005
69 Russia 3.68 2005
70 Algeria 3.67 2005
Former Spanish colonies average (profile) 3.66 2005
71 Dominican Republic 3.63 2005
72 Sri Lanka 3.57 2005
73 Argentina 3.54 2005
74 The Gambia 3.52 2005
75 Philippines 3.51 2005
76 Vietnam 3.47 2005
77 Kenya 3.45 2005
78 Uganda 3.41 2005
=79 Tanzania 3.38 2005
=79 Guatemala 3.38 2005
81 Zambia 3.36 2005
82 Venezuela 3.3 2005
83 Ukraine 3.27 2005
=84 Malawi 3.24 2005
=84 Mali 3.24 2005
86 Serbia and Montenegro 3.23 2005
87 Ecuador 3.18 2005
=88 Pakistan 3.17 2005
=88 Mozambique 3.17 2005
90 Nigeria 3.16 2005
91 Georgia 3.14 2005
92 Nicaragua 3.12 2005
93 Madagascar 3.11 2005
94 Honduras 3.1 2005
95 Bolivia 3.09 2005
96 Zimbabwe 3.03 2005
97 Paraguay 2.99 2005
98 Ethiopia 2.93 2005
99 Bangladesh 2.84 2005
100 Angola 2.72 2005
101 Chad 2.5 2005

Citation

"Countries Compared by Economy > Growth competitiveness score. International Statistics at NationMaster.com", World economic forum - Global Competitiveness Report 2004-2005. Aggregates compiled by NationMaster. Retrieved from http://www.nationmaster.com/country-info/stats/Economy/Growth-competitiveness-score

Economy > Growth competitiveness score: Countries Compared Map

NationMaster

Interesting observations about Economy > Growth competitiveness score

0

Germany’s Ifo Group, an economic consulting and research organization, produces a monthly index that measures German business sentiment about the economy and expectations for the future. More than 7,000 German businesses assess the current business climate and their expectations for the next six months. The weighted responses create an index showing the level of optimism and pessimism and how many respondents gave the highest and lowest ratings.

In 171 reports since 1991, future expectations were positive 43 times, while current situation assessments were optimistic 15 times. Assessments of the current situation have been positive only once since February 1992.

Recently, the pessimism has been justified. Germany’s economy grew 0.8 percent in 2001, 0.1 percent in 2002, negative 0.1 percent in 2003, and 1.7 percent in 2004. Recently, the European Commission estimated growth in the EU to be 1.6 percent in 2005, with Germany's economy expected to grow just 0.8 percent.

Posted on 06 Apr 2005

Ian Graham, Staff Editor

Ian Graham, Staff Editor

Follow us on Facebook to get interesting stats: