PH climbs 5 notches in WEF competitiveness rankings

(UPDATED) Since the start of the Aquino administration, the Philippines has moved up a total of 38 places, from 85 in the 2010-2011 report to 47 in the latest one
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MOST IMPROVED. Since the start of the Aquino administration, the Philippines has moved up a total of 38 places, from 85 in the 2010-2011 report to 47 in the latest one. Background image from Shutterstock

MANILA, Philippines (UPDATED) – From 52nd in 2014-2015, the Philippines improved its rank in the World Economic Forum's (WEF) Global Competitiveness Index (GCI), placing 47th out of 140 countries for 2015-2016.

Based on the report released Wednesday, September 30, the country, together with 4
other Association of Southeast Asian Nations (ASEAN) members, namely Malaysia (18th, up two); Thailand (32nd, down one); Indonesia (37th, down 4), and Vietnam (56th, up 12) – all rank in the top half of the overall GCI rankings.

Singapore ranked 2nd place in the overall index, and cited as the most competitive Southeast Asian economy.

"With the exception of Thailand, all 5 have improved their showing since 2007, most notably the Philippines, which has leapfrogged 17 places," the report noted.
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