Benchmarking industrial performance at the country level: The UNIDO competitive industrial performance index

Abstract

Over the past few years UNIDO has developed the competitive industrial performance (CIP) index to help assess national industrial performance in the global economy. This index aims to capture the ability of countries to produce and export manufactures competitively in a single, intuitively appealing measure. UNIDO first introduced the CIP index in the Industrial Development Report 2002-2003. It benchmarked 87 countries using a limited number of structural variables for which data were available (UNIDO, 2002). The UNIDO Industrial Development Report 2004 presented a revised CIP index that included two new components, and expanded the coverage to benchmark 93 countries in 1980, 1990 and 2000 (UNIDO, 2004). Although the CIP index in this report uses the same methodology and indicators as the 2004 report, it has increased its coverage to 122 countries. 32 Box 11.1 provides information on the dimensions, indicators and calculations of the CIP.