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The Philippines again got applause from the international stage Wednesday as it continued to climb up a global competitiveness ranking.

The country ranked 52nd out of 144 countries in the latest list published by the World Economic Forum, up from the 59th out of 148 in 2013.

“The country’s gain of 33 places since 2010 is the largest over that period among all countries studied,” the WEF said in a statement accompanying the report.

The Philippines ranked 85th in 2010, 75th in 2011, and 65th in 2012. This is the 21st year that the country was included in the competitiveness ranking.

Switzerland, Singapore, U.S., Finland, and Germany topped this year’s list. At the bottom, meanwhile, were Guinea, Chad, Yemen, Mauritania, and Angola.

Among ASEAN members in the list, the Philippines followed Singapore (2nd), Malaysia (20th), Thailand (31st) and Indonesia (34th).

Ranked lower than the Philippines, meanwhile, were fellow ASEAN economies Vietnam (68th), Lao PDR (93rd), Cambodia (95th), Myanmar (134th).

The WEF reported a global competitiveness index of 4.4 out of 7 points for the Philippines, noting positive trends in most of the 12 pillars assessed.

 

Source: https://ph.news.yahoo.com/

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