Economic Outlook No 116 — Indicator of competitiveness based on relative consumer prices by country
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the...
What the numbers show
Economic Outlook No 116 — Indicator of competitiveness based on relative consumer prices is currently reported for 45 countries. The highest value is 219.34 in Argentina; the lowest is 76.03 in Japan.
The median across all reporting countries is 102.1, and the mean is 104.92.
The gap between the highest and lowest reporting country is a factor of about 3.
Over the past decade 25 countries rose and 20 fell. The largest increase was in Argentina (up 95.7%), and the largest decrease in Japan (down 31.5%).
Economic Outlook No 116 — Indicator of competitiveness based on: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Argentina | 219.34 | 2026 | up 95.7% | falling |
| 1 | Poland | 124.77 | 2026 | up 28.9% | rising |
| 2 | Costa Rica | 122.58 | 2026 | up 4.9% | rising |
| 2 | Estonia | 116.19 | 2026 | up 23.5% | rising |
| 2 | Croatia | 104.72 | 2026 | up 5.0% | flat |
| 3 | United States | 114.97 | 2026 | up 15.8% | flat |
| 3 | Lithuania | 109.15 | 2026 | up 17.3% | rising |
| 4 | Peru | 112.21 | 2026 | up 1.4% | rising |
| 4 | Latvia | 104.09 | 2026 | up 7.8% | rising |
| 5 | Iceland | 112.15 | 2026 | up 9.8% | falling |
| 5 | Netherlands | 103.2 | 2026 | up 8.2% | flat |
| 6 | Mexico | 111.81 | 2026 | up 15.5% | falling |
| 6 | Slovenia | 102.35 | 2026 | up 4.4% | flat |
| 7 | Brazil | 110.28 | 2026 | down 20.6% | falling |
| 8 | Czechia | 110.22 | 2026 | up 24.9% | rising |
| 9 | Romania | 108.84 | 2026 | up 12.5% | rising |
| 10 | United Kingdom | 107.15 | 2026 | up 6.7% | falling |
| 11 | Colombia | 107.03 | 2026 | down 6.0% | falling |
| 12 | Bulgaria | 105.64 | 2026 | up 17.6% | rising |
| 13 | India | 105.06 | 2025 | up 9.0% | rising |
| 14 | Hungary | 103.86 | 2026 | down 0.8% | rising |
| 15 | Australia | 103.2 | 2026 | up 2.2% | falling |
| 16 | Indonesia | 102.1 | 2026 | down 1.6% | volatile |
| 17 | Belgium | 101.69 | 2026 | up 5.0% | flat |
| 18 | Austria | 101.68 | 2026 | up 4.6% | rising |
| 19 | Greece | 101.31 | 2026 | down 1.1% | rising |
| 20 | Switzerland | 101.03 | 2026 | down 1.9% | rising |
| 21 | Finland | 100.24 | 2026 | up 0.2% | falling |
| 22 | Portugal | 99.21 | 2026 | down 2.2% | rising |
| 23 | South Africa | 98.88 | 2026 | up 8.4% | falling |
| 24 | Spain | 98.51 | 2026 | up 1.0% | rising |
| 25 | Italy | 98.12 | 2026 | down 2.7% | flat |
| 26 | New Zealand | 98.1 | 2026 | down 0.3% | rising |
| 27 | Germany | 97.35 | 2026 | down 1.1% | falling |
| 28 | Ireland | 97.23 | 2026 | down 4.0% | rising |
| 29 | Denmark | 97.06 | 2026 | down 3.4% | rising |
| 30 | Luxembourg | 95.68 | 2026 | down 2.9% | flat |
| 31 | France | 94.85 | 2026 | down 5.0% | falling |
| 32 | Chile | 94.42 | 2026 | down 10.0% | falling |
| 33 | Israel | 92.49 | 2026 | up 2.9% | rising |
| 34 | Canada | 91.88 | 2026 | down 4.6% | falling |
| 35 | Sweden | 88.83 | 2026 | down 15.8% | falling |
| 36 | China | 88.36 | 2026 | down 8.4% | rising |
| 37 | Norway | 87.64 | 2026 | down 14.0% | falling |
| 38 | Japan | 76.03 | 2026 | down 31.5% | flat |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Slovak Republic 107.79
- Korea 92.1
- Euro area (17 countries) 96.91
About this data
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2024), OECD Economic Outlook No 116 (Edition 2024/2) EO116 Database documentation EO116 Last historical points OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org