Upbeat
No. 09.17.13 No. 2118 10.30.2008
Third year in a row
PHL global competitiveness up 6 notches The Philippines' global competitiveness jumped six notches to 59th this year from 65th last year out of 148 economies, the World Economic Forum's (WEF) Global Competitiveness Index (GCI) 2013-2014 showed. The latest ranking also marked the third year in a row the country went up the ladder of competitive economies, climbing a total of 26 places since 2010. The report also named the Philippines as "one of the most dynamic and rapidly improving economies in terms of competitiveness.” T rade and Industry Information Center Makati City, Philippines Tel.: (632) 895.3611 Fax: (632) 895.6487 publications@dti.gov.ph
Copies available upon request.
From the bottom 20th percentile of 41 economies in the World Competitiveness Report 1994, the Philippines already reached the upper 40th percentile of 148 countries in the latest report.
The Philippines is now ranked 6 th among the 10 member-countries of the Association of Southeast Asian Nations (ASEAN), ahead of Viet Nam, Lao People’s Democratic Republic, Cambodia, and Myanmar. More significantly, the Philippines increased its level of competitiveness in nine out of 12 pillars, the WEF noted, adding that this is due to the government’s anti-corruption efforts. “The current government, which came into power in 2010, has made the fight against corruption an absolute priority; corruption had historically been one of the country’s biggest drags on competitiveness,” WEF reported. “The substantial advance of the country in WEF’s competitiveness rankings over the past three years should be sustained further to get to the top third ranking of the most competitive economies in the world by 2016,” Makati Business Club (MBC) Chairman Ramon del Rosario Jr. said. Meanwhile, Department of Trade and Industry (DTI) Secretary Gregory L. Domingo said the Philippines could easily make it to the top one-third of the GCI in a year or two with the implementation of some of the private-public partnership (PPP) projects as these would significantly cure the infrastructure concerns cited in the latest GCI. Improvements in 9 out of 12 pillars Pillar Innovation Institutions Financial Market Development Goods Market Efficiency Labor Market Efficiency Infrastructure Health and Primary Education Technological Readiness Market Size
Ranking 2013 vs 2012 69 79 48 82 100 96 96 77 33
94 94 58 86 103 98 98 79 35