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- Economic complexity is a measure of a country's knowledge and capabilities, assessed by looking at the diversity and complexity of its exports.
- Higher economic complexity relative to income level predicts faster future growth, while lower complexity predicts slower growth.
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Economic complexity as a measure of societal knowledge
Economic complexity is a measure of how much a country or society knows how to do. It assesses the knowledge and capabilities of a society by looking at the diversity and complexity of its exports. Just as individuals have different levels of knowledge and expertise, societies also vary in their collective knowledge. Economic complexity takes into account the range of different products a country can produce and the difficulty in making those products.
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