The annual International Competitiveness Report from the International Institute for Management Development (IMD) shows that this year, the Philippines ranked 39th among 58 assessed economies, improving by four places from last year, marking its best performance in a decade, although it remains at the bottom among the 13 assessed economies in the Asia-Pacific region.
Singapore ranks first in global competitiveness.
This report is published annually by IMD and ranks the competitiveness of 58 major economies worldwide, based on four indicators. This year, the Philippines improved its scores in the economic performance and government efficiency indicators, while the other two indicators, business efficiency and infrastructure, remained unchanged.
