Economic Complexity

Economic complexity measures the knowledge and capabilities a country has to produce a wide variety of goods and services. It considers not just what a country exports, but how sophisticated and diverse its exports are, reflecting its underlying skills, technology, and resources. Countries with high economic complexity can produce complex, high-value products and tend to have more advanced economies. Conversely, countries with lower complexity mainly produce simple, raw, or basic goods. By analyzing these patterns, economic complexity offers insight into a country's growth potential and competitiveness in the global economy.