The Global Competitiveness Report is an annual publication by the World Economic Forum (WEF). This report provides an in-depth assessment of elements that affect a country’s economic productivity such as the institutions, policies, and other macro and microeconomic fundamentals. It is made up of over 110 variables, of which two-thirds come from the Executive Opinion Survey, and one-third of it come from publicly available sources such as the United Nations. The Executive Opinion Survey is a survey of a representative sample of business leaders in their respective countries.
The IPS has been the local partner for the project since 2012. To provide the intended report, the WEF funds the IPS to provide its expertise through policy analysis and by facilitating the annual Executive Opinion Survey – consisting of 80 top executives from Sri Lanka – that contribute to the development of the index. The objective of the report is to create an index that encompasses twelve thematic areas, namely: institutions, infrastructure, ICT adoption, macroeconomic stability, health, skills, product market, labour market, the financial system, market size, business dynamism, and innovation capability.