Worldwide globalisation continues to develop flatly. The flattening in globalisation that began in 2015 is continuing. Recent US trade wars and an isolationist President have also exacerbated things. Switzerland, the Netherlands and Belgium are the most globalised countries in the world. The current KOF Globalisation Index reflects economic, social and political globalisation since 1970.
The KOF Globalisation Index measures the economic, social and political dimensions of globalisation. It is used in order to monitor changes in the level of globalisation of different countries over a long period. The current KOF Globalisation Index is available for 195 countries and covers the period from 1970 to 2016. The index distinguishes between de facto and de jure globalisation in the overall index as well as in the economic, social and political dimensions. The index measures globalisation on a scale from 1 to 100. The figures for the constituent variables are expressed as percentiles. 42 different variables are used, which are aggregated on the basis of statistically determined weights (principle component analysis).
The level of worldwide globalisation increased rapidly between 1990 and 2007. However, the financial crisis and the subsequent Great Recession have slowed down its development. Since 2015, globalisation has continued to flatten out. Even in 2016, the most recent year of the index, the level of globalisation rose only slightly. Economic globalisation stagnated. Although financial globalisation continued to progress, trade integration declined somewhat at the same time. Social globalisation increased only slightly. Global information flows continued to increase, but at the same time the degree of cultural globalisation declined slightly. Of all the dimensions, political globalisation increased the most.
Rank | Country | Globalisation Index, overall |
1 | Switzerland | 91.17 |
2 | Netherlands | 90.97 |
3 | Belgium | 90.50 |
4 | Sweden | 89.88 |
5 | United Kingdom | 89.35 |
6 | Denmark | 89.14 |
7 | Austria | 88.95 |
8 | Germany | 88.17 |
9 | France | 87.20 |
10 | Finland | 86.99 |
11 | Norway | 86.40 |
12 | Spain | 85.30 |
13 | Czech Republic | 85.19 |
14 | Hungary | 85.13 |
15 | Ireland | 84.64 |
16 | Canada | 84.38 |
17 | Luxembourg | 83.73 |
18 | Estonia | 83.60 |
19 | Portugal | 83.52 |
20 | Singapore | 83.38 |
21 | Slovak Republic | 82.89 |
22 | Italy | 82.59 |
23 | United States | 82.10 |
24 | Australia | 81.58 |
25 | Slovenia | 81.28 |
26 | Poland | 81.20 |
27 | Malaysia | 81.14 |
28 | Croatia | 80.90 |
29 | Lithuania | 80.84 |
30 | Greece | 80.75 |
31 | Bulgaria | 80.24 |
32 | Latvia | 79.85 |
33 | Romania | 79.36 |
34 | Korea, Rep. | 79.23 |
35 | Malta | 78.46 |
36 | Japan | 78.37 |
37 | Serbia | 78.34 |
38 | Cyprus | 78.27 |
39 | New Zealand | 77.91 |
40 | Israel | 77.23 |