MALAYSIA’S COMPETITIVENESS PERFORMANCE
Overall in the WCY 2012 report, Malaysia moves up to 14th position out of 59 competitive countries. Strengthening its overall competitiveness performance by 2 positions (2011:16th), this ranking places Malaysia among the world’s top 15 most competitive countries led by Hong Kong (1st); USA (2nd); Switzerland (3rd); Singapore, Sweden, Canada, Taiwan, Norway, Germany, Qatar, Netherlands, Luxembourg, Denmark, Malaysia and Australia.
The table below presents the Top 15 Countries of the World Competitiveness Scoreboard 2012.
Among countries with population greater than 20 million, Malaysia advances its position to 5th position out of 29 countries; ahead of Australia, 6th, United Kingdom, 7th, Korea, 8th, China Mainland, 9th and Japan, 10th. Malaysia maintains its 2nd position among 29 countries ahead of China Mainland, Chile and Thailand among countries with GDP per capita less than USD20,000.
Regionally, among 13 Asia-Pacific countries, Malaysia improves by one position to 4th; after Hong Kong, Singapore and Taiwan. Among ASEAN countries, Malaysia maintained its 2nd position ahead of Thailand (3rd), Indonesia (4th) and Philippines (5th). It is stated by the IMD in its press release that “All Asian economies have declined except for Hong Kong (1st), Malaysia (14th) and Korea (22nd).”
The overall performance of Malaysia in the four competitiveness and 20 sub-factors is shown in the table below.
For further information on Malaysia in the World Competitiveness Yearbook 2012, please click here.