Philippines climbs 4 places to rank 46th most competitive economy in the world

The Philippines climbed four places to rank 46th out of 63 economies in the IMD World Competitiveness Rankings 2019.

Trade Secretary Ramon Lopez said the improvement in the country’s ranking was a precursor to more positive results from other competitiveness surveys. 

“For the past year, the entire government—executive, legislative, judiciary —has been working as one to promote national and regional competitiveness.  With the latest results of the IMD competitiveness rankings, we underscore the initial outcomes from this whole of government approach and increased private-public sector collaboration,” Lopez said.

Read more: Manila Standard