PH ranks 59th in competitiveness index

The Philippines jumped 6 notches higher in the 2013 Global Competitiveness Index, echoing a generally positive economic outlook for the country. Released by the World Economic Forum (WEF) on Wednesday, September 4, the Philippines ranked 59th among 148 countries with a score of 4.29. Since 2010, when the Philippines ranked 85th, the country has leapfrogged 26 notches already. “The Philippines—where a national competitiveness council was set up in 2006—has made significant strides against corruption,” WEF said, noting how this has boosted the country’s ranking amid a world economy that is still emerging slowly “from the most serious economic crisis of the post–World War II period—one that has deeply transformed the global economy.” Compared to neighbors in Southeast Asia, the Philippines placed behind Singapore (2nd), Malaysia (25th) Indonesia (52nd), China (31st), Korea (23rd). It ranked higher than Brunei (65th), Cambodia (91st), Laos (107th).

Read the full story on Rappler.

Add a comment

Sort by

There are no comments yet. Add your comment to start the conversation.