Philippine Competitiveness Ranking Improves
The Philippines jumped four spots in the annual global competitiveness report by the Switzerland-based International Institute for Management Development (@imdbusinessschool) due to the economy’s improved performance.
IMD’s 2022 World Competitiveness Yearbook ranked the Philippines 48th out of 63 economies, from the 52nd spot out of 64 economies in 2021.
This was the Philippines’ highest ranking in two years or since placing 45th in 2020.
Philippine Ranking (2022)
- Economic Performance: 53
- Government Efficiency: 48
- Business Efficiency: 39
- Infrastructure: 57
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