The Global Risks Report is an annual publication by the World Economic Forum (WEF) that aims to identify the most pressing global risks facing the world today. The report analyzes a range of economic, environmental, geopolitical, societal, and technological risks, and assesses their potential impact on the global economy and society.

The importance of the report lies in its ability to provide decision-makers with a comprehensive and data-driven analysis of the risks that they need to be aware of in order to make informed decisions. The report also helps to raise awareness among the public about the complex and interrelated nature of global risks and the need for collaboration and action to address them.

The Global Risks Report can affect a country's competitiveness rank by highlighting the risks that a country may face and the measures that it needs to take to mitigate them.

For example, if a country is identified as being vulnerable to climate change, it may need to take steps to reduce its greenhouse gas emissions and build resilience to the impacts of climate change in order to remain competitive in the long term. Similarly, if a country is identified as being at risk of a cyber attack, it may need to invest in cybersecurity measures to protect its businesses and infrastructure from disruption.