2012 – 2013 Global Competitiveness Report



WEF

World Economic Forum (WEF) which is based in Geneva, Switzerland recently release “The Global Competitiveness Report 2012-2013”. The ranking is based on 12 pillars to measure the competitiveness for each countries.

The pillars are Institutions, Infrastructure, Macroeconomic environment, Health and primary education, Higher education and training, Goods market efficiency, Labor market efficiency, Financial market development, Technological readiness, Market size, Business sophistication & Innovation.

In the report, Malaysia at number 25th from 142 countries, down 4 position from 21st in 2011. Korea, Luxembourg, UAE and New Zealand overtook Malaysia this time round although Malaysia’s scores slipped marginally compared to the previous report. In 2010, report Malaysia is at number 26th with score 4.88.

The table below is top 25 of the ranking.

Country Rank 2012 Score (2012) Rank 2011 Score (2011)
Switzerland 1 5.72 1 5.74
Singapore 2 5.67 2 5.63
Finland 3 5.55 4 5.47
Sweden 4 5.53 3 5.61
Netherlands 5 5.50 7 5.41
Germany 6 5.48 6 5.41
United States 7 5.47 5 5.43
United Kingdom 8 5.45 10 5.39
Hong Kong 9 5.41 11 5.36
Japan 10 5.40 9 5.40
Qatar 11 5.38 14 5.24
Denmark 12 5.29 8 5.40
Taiwan 13 5.28 13 5.26
Canada 14 5.27 12 5.33
Norway 15 5.27 16 5.18
Austria 16 5.22 19 5.14
Belgium 17 5.21 15 5.20
Saudi Arabia 18 5.19 17 5.17
South Korea 19 5.12 24 5.02
Australia 20 5.12 20 5.11
France 21 5.11 18 5.14
Luxembourg 22 5.09 23 5.03
New Zealand 23 5.09 25 4.93
United Arab Emirates 24 5.07 27 4.89
Malaysia 25 5.06 21 5.08


Full report can be found at WEF webpage.


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