Economic Outlook No 117 — 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 117 — Indicator of competitiveness based on relative consumer prices is currently reported for 45 countries. The highest value is 201.84 in Argentina; the lowest is 80.65 in Japan.
The median across all reporting countries is 101.63, and the mean is 105.03.
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 80.1%), and the largest decrease in Japan (down 27.4%).
Economic Outlook No 117 — Indicator of competitiveness based on: full country ranking
| # | Country | Latest | Year | 10-year change | Trend |
|---|---|---|---|---|---|
| 1 | Argentina | 201.84 | 2026 | up 80.1% | falling |
| 1 | Poland | 126.15 | 2026 | up 30.3% | rising |
| 2 | Costa Rica | 118.36 | 2026 | up 1.3% | rising |
| 2 | Estonia | 111.96 | 2026 | up 19.0% | rising |
| 2 | Croatia | 104.49 | 2026 | up 4.8% | flat |
| 3 | Mexico | 115.4 | 2026 | up 19.2% | falling |
| 3 | Lithuania | 109.45 | 2026 | up 17.6% | rising |
| 4 | Peru | 115.07 | 2026 | up 4.0% | rising |
| 4 | Netherlands | 105.75 | 2026 | up 10.9% | flat |
| 5 | Brazil | 113.33 | 2026 | down 18.4% | falling |
| 5 | Latvia | 104.53 | 2026 | up 8.2% | rising |
| 6 | United States | 113.14 | 2026 | up 14.0% | flat |
| 6 | Slovenia | 103.59 | 2026 | up 5.7% | flat |
| 7 | Czechia | 113.05 | 2026 | up 28.1% | rising |
| 8 | Iceland | 112.64 | 2026 | up 10.3% | falling |
| 9 | Colombia | 112.59 | 2026 | down 1.1% | falling |
| 10 | Romania | 109.32 | 2026 | up 13.0% | rising |
| 11 | Bulgaria | 109.23 | 2026 | up 21.6% | rising |
| 12 | Hungary | 108.35 | 2026 | up 3.5% | rising |
| 13 | United Kingdom | 108.34 | 2026 | up 7.9% | falling |
| 14 | Austria | 102.37 | 2026 | up 5.3% | rising |
| 15 | Belgium | 101.69 | 2026 | up 5.0% | flat |
| 16 | Switzerland | 101.63 | 2026 | down 1.3% | rising |
| 17 | Greece | 101.29 | 2026 | down 1.1% | rising |
| 18 | India | 101.22 | 2025 | up 5.0% | rising |
| 19 | Spain | 100.64 | 2026 | up 3.2% | rising |
| 20 | Portugal | 100.27 | 2026 | down 1.2% | rising |
| 21 | Australia | 99.61 | 2026 | down 1.3% | falling |
| 22 | Ireland | 99.14 | 2026 | down 2.1% | rising |
| 23 | Germany | 98.51 | 2026 | up 0.1% | falling |
| 24 | Italy | 98.5 | 2026 | down 2.4% | flat |
| 25 | Indonesia | 97.66 | 2026 | down 5.9% | volatile |
| 26 | Chile | 97.11 | 2026 | down 7.4% | falling |
| 27 | New Zealand | 96.81 | 2026 | down 1.6% | rising |
| 28 | Luxembourg | 96.59 | 2026 | down 2.0% | flat |
| 29 | Finland | 96.57 | 2026 | down 3.5% | falling |
| 30 | Denmark | 96.14 | 2026 | down 4.3% | rising |
| 31 | Sweden | 95.42 | 2026 | down 9.5% | falling |
| 32 | France | 95.41 | 2026 | down 4.4% | falling |
| 33 | Israel | 95.15 | 2026 | up 5.8% | rising |
| 34 | South Africa | 94.95 | 2026 | up 4.1% | falling |
| 35 | Canada | 91.23 | 2026 | down 5.3% | falling |
| 36 | Norway | 87.86 | 2026 | down 13.8% | falling |
| 37 | China | 83.55 | 2026 | down 13.4% | rising |
| 38 | Japan | 80.65 | 2026 | down 27.4% | flat |
Regions and income groups
Aggregates are excluded from the country ranking above so that a region can never outrank a country.
- Slovak Republic 106.62
- Korea 90.11
- Euro area (17 countries) 98.74
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 (2025), OECD Economic Outlook No 117 (Edition 2025/1) EO117 Database documentation EO117 Last historical points gdp inflation cpi population unemployment real gdp gdp per capita employment OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact : eco.outlook@oecd.org Keywords : Outlook, forecasts, forecast, GDP