Philippines scored 61.87 points out of 100 on the 2018 Global Competitiveness Report published by the World Economic Forum. Competitiveness Index in Philippines averaged 17.31 Points from 2007 until 2019, reaching an all time high of 62.13 Points in 2018 and a record low of 3.90 Points in 2010. source: World Economic Forum


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Philippines Competitiveness Index

Actual Previous Highest Lowest Dates Unit Frequency
61.87 62.13 62.13 3.90 2007 - 2019 Points Yearly


Philippines Competitiveness Index
The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. The report is made up of 98 variables, from a combination of data from international organizations as well as from the World Economic Forum’s Executive Opinion Survey. The variables are organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. The GCI varies between 1 and 100, higher average score means higher degree of competitiveness. With the 2018 edition, the World Economic Forum introduced a new methodology, aiming to integrate the notion of the 4th Industrial Revolution into the definition of competitiveness. It emphasizes the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution.

Philippines Business Last Previous Highest Lowest Unit
Business Confidence 40.20 37.30 54.90 -32.60 points [+]
Industrial Production -5.80 -4.70 68.60 -26.60 percent [+]
Capacity Utilization 84.45 84.47 84.47 74.30 percent [+]
Changes in Inventories -26360.80 -28657.22 92123.96 -83619.51 PHP Million [+]
Internet Speed 5450.74 4527.48 5450.74 795.57 KBps [+]
IP Addresses 1536948.00 1536732.00 1536948.00 477194.00 IP [+]
Total Vehicle Sales 9246.00 9551.00 14182.00 993.00 [+]
Manufacturing Pmi 51.70 51.40 57.50 50.60 points [+]
Competitiveness Index 61.87 62.13 62.13 3.90 Points [+]
Competitiveness Rank 64.00 56.00 87.00 47.00 [+]
Ease of Doing Business 95.00 124.00 144.00 95.00 [+]
Corruption Index 36.00 34.00 38.00 23.00 Points [+]
Corruption Rank 99.00 111.00 141.00 36.00 [+]