This is Why Indonesia's Competitiveness Has Fallen

Economics & Macro

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Dwi Hadya Jayani 10/10/2019 16:59 WIB

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Factors influencing Indonesia's declining competitiveness include ICT adoption, health, product markets, skills, and the labor market.

Indonesia's Global Competitiveness Index (GCI) Components 2018-2019

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This is Why Indonesia's Competitiveness Has Fallen

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Indonesia's Global Competitiveness Index (GCI) Components 2018-2019

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The World Economic Forum (WEF) notes that Indonesia's competitiveness ranking has fallen five places to 50th out of 141 countries worldwide. This decline coincides with a decrease in the Global Competitiveness Index (GCI) score from 64.9 to 64.6. The WEF's *Global Competitiveness Report 2019* also cites several components contributing to Indonesia's GCI decline.

The most significant contributor to the GCI decline was the adoption of information and communication technologies (ICT), dropping 5.7 points from 61.1 to 55.4. The next largest decline was in the health component, falling 0.9 points from 71.7 to 70.8. Other components showing declines include the product market (0.3 points) and skills and labor market (0.1 points).

Meanwhile, other components saw increases of less than 1 point. The component with the highest increase was infrastructure, reaching 67.7, a 0.9-point rise from the previous year's 66.8.

Editor : Aria W. Yudhistira

"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."