Indonesia's Competitiveness Falls, Losing to Malaysia

Dwi Hadya Jayani 10/10/2019 14:45 WIB

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The World Economic Forum (WEF), in its Global Competitiveness Report 2019, shows that Indonesia's competitiveness ranking fell five places, from 45th to 50th globally.

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Indonesia's Competitiveness Falls, Losing to Malaysia

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2018-2019 Competitiveness Index Score

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The World Economic Forum (WEF), in its report titled *Global Competitiveness Report 2019*, shows that Indonesia's competitiveness ranking fell five places, from 45th to 50th globally. This decline is reflected in a decrease of 0.3 points in Indonesia's Global Competitiveness Index (GCI) score, to 64.6 points.

The indicators contributing to the decline in Indonesia's GCI were health, skills, product market, labor market, and the adoption of information and communication technologies (ICT). Among Southeast Asian countries, only Indonesia and the Philippines experienced a score decline.

Singapore achieved the highest competitiveness score with 84.8 points, a 1.3-point increase from the previous year. Singapore not only topped the rankings in Southeast Asia but also globally. Malaysia ranked second in Southeast Asia, recording a 0.2-point increase from 74.4 to 74.6.

Editor : Safrezi Fitra

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."