Philippines scored 61.87 points out of 100 on the 2019 Global Competitiveness Report published by the World Economic Forum. source: 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. This page provides the latest reported value for - Philippines Competitiveness Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Philippines Competitiveness Index - values, historical data and charts - was last updated on July of 2021.

Competitiveness Index in Philippines is expected to reach 4.32 Points by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Philippines Competitiveness Index is projected to trend around 4.32 Points in 2021 and 65.13 Points in 2022, according to our econometric models.

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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 Business Last Previous Highest Lowest Unit
Business Confidence 1.40 17.40 54.90 -32.60 points [+]
Industrial Production 249.50 154.30 249.50 -83.10 percent [+]
Capacity Utilization 66.14 63.60 84.55 46.15 percent [+]
Changes in Inventories -59843.66 -35683.14 92123.96 -204947.51 PHP Million [+]
Internet Speed 5450.74 4527.48 5450.74 795.57 KBps [+]
IP Addresses 1536948.00 1536732.00 1536948.00 477194.00 IP [+]
Manufacturing PMI 50.80 49.90 57.50 31.60 points [+]
Total Vehicle Sales 7382.00 7599.00 14182.00 26.00 Units [+]
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 34.00 34.00 38.00 23.00 Points [+]
Corruption Rank 115.00 113.00 141.00 36.00 [+]


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.