2012 world competitiveness rankings

7/28/2019 2012 World Competitiveness Rankings

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214

COMPETITIVENESS TRENDS - OVERALL

IMD WORLD COMPETITIVENESS YEARBOOK 2012

OVERALL PERFORMANCE BASIC FACTS Rank

Capital

Land area (km2

'000) 300.0 (2010) -

Exchange rate (per $) 43.31 (2011) -

Population (millions) 93.74 (2011) 9

GDP ($ billions) 224.8 (2011) 41

GDP (PPP) per capita ($) 4,096 (2011) 58

Real GDP growth (%) 3.7 (2011) 25

Domestic Economy Consumer Price Inflation (%) 4.4 (2011) 42

International Trade Unemployment rate (%) 7.0 (2011) 27

International Investment Labor force (millions) 39.98 (2011) 10

Employment Current Account Balance (%) 3.1 (2011) 20

Prices Direct Investment

Public Finance Stocks Inward ($ billions) 24.9 (2010) 54

Fiscal Policy Flows Inward (% of GDP) 0.6 (2011) 52

Institutional Framework

COMPETITIVENESS LANDSCAPE Business LegislationSocietal Framework

Productivity & Efficiency

Labor Market

Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Tech. Infrastructure

Scientific Infrastructure

Health and Environment

Education

PEER GROUP RANKINGS

ASIA PACIFIC POPULATIONS > 20 MILLION

Manila

4043

3941

43

08 09 10 11 12

PHILIPPINES

1213 13 13 13

08 09 10 11 12

1618 18 19 20

08 09 10 11 12

17

57

50

58

46

56

20

27

29

1

55

38

49

36

11

32

22

54

55

44

DomesticEconom

y

InternationalTrad

e

InternationalInvestment

Employment

Prices

PublicFinanc

e

FiscalPolicy

InstitutionalFramework

BusinessLegislatio

n

SocietalFramework

Productivity&Efficiency

LaborMarket

Financ

e

ManagementPractices

AttitudesandValues

BasicInfrastructure

Tech.

Infrastructure

ScientificInfrastructure

HealthandEnvironment

Educatio

n

Maximize the favorable economic environmentto implement political and economic reforms.Induce positive impact of economic growth onhuman development and employment.Encourage more investments and further

develop the export industry.Improve the business environment, mitigatedisaster risks and strengthengovernment-private sector cooperation.Fast-track the development of physical,institutional, and social infrastructure insupport of meeting the challenges.

Provided by :Asian Institute of Management Policy Center

CHALLENGES IN 2012

ECONOMIC

PERFORMANCE

GOVERNMENT

EFFICIENCY

BUSINESS

EFFICIENCY

INFRASTRUCTURE


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215

COMPETITIVENESS EVOLUTION & ATTRACTIVENESS INDICATORS


COMPETITIVENESS EVOLUTION

IMPROVEMENTS WCY WCY DECLINES WCY WCY

2011 2012 2011 2012

4.3.17 1.8 56.9 2.4.08 Government subsidies (%) 0.23 0.55

2.1.10 2.12 4.18 1.3.02 Direct investment flows abroad (%) 0.31 0.00

3.3.10 47.60 78.82 1.3.01 Direct investment flows abroad ($bn) 0.62 0.01

2.3.13 1.18 1.88 1.1.15 Real GDP growth per capita 7.50 2.17

2.1.02 -3.49 -2.03 1.1.14 Real GDP growth 7.6 3.7

2.3.12 1.84 2.60 2.1.09 Public finances (Survey) 7.03 4.27

2.4.02 2.61 3.44 1.2.02 Current account balance (%) 4.47 3.15

2.3.11 3.84 5.01 1.2.09 Exports of goods (%) 25.80 21.38

2.4.12 4.00 5.13 1.5.01 Consumer price inflation 3.8 4.4

2.3.06 62.37 76.36 1.2.22 Terms of trade index 107.8 91.8

1.3.13 4.42 5.35 1.3.06 Direct investment flows inward (%) 0.65 0.56

2.5.01 3.10 3.68 4.3.05 Business expenditure on R&D (%) 0.06 0.05

4.1.04 5.62 6.63 4.4.24 Pollution problems (Survey) 4.18 3.70

4.1.19 3.61 4.22 3.3.04 Investment risk 60.11 53.40

2.3.02 4.67 5.45 2.2.07 Effective personal income tax rate 6.11 6.75

KEY ATTRACTIVENESS INDICATORS

Skilled workforce 91.4

Open and positive attitudes 65.6

High educational level 63.4

Cost competitiveness 60.2

Dynamism of the economy 47.3

Business-friendly environment 28.0

Policy stability & predictability 24.7

Access to financing 20.4

Quality of corporate governance 19.4

Effective labor relations 16.1

Reliable infrastructure 16.1

Competency of government 10.8

Strong R&D culture 9.7

Competitive tax regime 4.3

Effective legal environment 4.3

From a list of 15 indicators, respondents of the Executive Opinion Survey were asked to select 5 that they perceived as the key

attractiveness factors of their economy. The chart shows the percentage of responses per indicator from the highest number

e cr ter a e ow g g t t e ggest mprovements an t e ggest ec nes n t e overa per ormance o t e economy.They are determined by the largest percentage changes in the value of each criterion from one year to the next.

Number of patents in force

Tax evasion (Survey)

Stock market capitalization (%)

Bribing and corruption (Survey)

Government budget surplus/deficit (%)

Bureaucracy (Survey)

Customs' authorities (Survey)

Transparency (Survey)

Parallel economy (Survey)

of responses to the lowest.

Future energy supply (Survey)

Cost of capital (Survey)

Foreign currency reserves ($bn)

Relocation threats of production (Survey)

Justice (Survey)

Access to water (Survey)

PHILIPPINES

0 10 20 30 40 50 60 70 80 90 100


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COMPETITIVENESS TRENDS - FACTOR BREAKDOWN


ECONOMIC PERFORMANCE

Sub-Factor Rankings : 2011 2012

Domestic Economy 40 44

International Trade 18 55

International Investment 56 54

Employment 33 22

Prices 12 17

GOVERNMENT EFFICIENCY


Public Finance 41 32

Fiscal Policy 13 11

Institutional Framework 44 36

Business Legislation 51 49

Societal Framework 31 38

BUSINESS EFFICIENCY


Productivity & Efficiency 43 55

Labor Market 5 1

Finance 34 29

Management Practices 36 27

Attitudes and Values 26 20

INFRASTRUCTURE


Basic Infrastructure 57 56

Technological Infrastructure 32 46

Scientific Infrastructure 58 58

Health and Environment 50 50

Education 57 57

4251

3429

42

08 09 10 11 12

PHILIPPINES

41 42

31

3732

08 09 10 11 12

31 32 32 31

26

08 09 10 11 12

48

56 56 5755

08 09 10 11 12


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BALANCE SHEET - FACTOR BREAKDOWN

217IMD WORLD COMPETITIVENESS YEARBOOK 2012

STRENGTHS WEAKNESSES

Economic Performance Economic Performance

1.4.07 Long-term unemployment 3 1.1.21 GDP (PPP) per capita 58

1.3.14 Relocation threats of R&D facilities (S) 7 1.1.20 GDP per capita 58

1.1.19 Resilience of the economy (S) 8 1.3.07 Direct investment stocks inward ($bn) 54

1.5.02 Cost-of-living index 11 1.3.08 Direct investment stocks inward (%) 54

1.3.13 Relocation threats of production (S) 15 1.3.01 Direct investment flows abroad ($bn) 54

1.2.24 Exchange rates (S) 17 1.3.02 Direct investment flows abroad (%) 54

1.2.02 Current account balance (%) 20 1.3.04 Direct investment stocks abroad (%) 52

1.1.14 Real GDP growth 25 1.3.06 Direct investment flows inward (%) 52

1.4.08 Youth unemployment 26 1.3.03 Direct investment stocks abroad ($bn) 50

1.4.06 Unemployment rate 27 1.3.05 Direct investment flows inward ($bn) 49

Government Efficiency Government Efficiency

2.2.01 Collected total tax revenues (%) 7 2.4.16 Start-up procedures 58

2.5.03 Ageing of society (S) 10 2.4.15 Start-up days 55

2.2.07 Effective personal income tax rate 11 2.4.05 Foreign investors (S) 53

2.3.05 Central bank policy (S) 12 2.4.02 Customs' authorities (S) 53

2.2.09 Consumption tax rate 13 2.4.03 Protectionism (S) 52

2.4.08 Government subsidies (%) 15 2.4.20 Redundancy costs 50

2.2.11 Employer's social security contribution rate 19 2.3.04 Country credit rating 47

2.2.12 Real personal taxes (S) 20 2.4.11 Competition legislation (S) 47

2.2.10 Employee's social security contribution rate 21 2.5.06 Gini index 46

2.1.04 Total general government debt (%) 23 2.2.08 Corporate tax rate on profit 45

Business Efficiency Business Efficiency

3.2.03 Remuneration in services professions ($) 2 3.1.01 Overall productivity (PPP) 57

3.2.01 Compensation levels ($) 2 3.1.04 Labor productivity (PPP) 57

3.2.17 Skilled labor (S) 2 3.3.04 Investment risk 51

3.5.04 Flexibility and adaptability (S) 4 3.2.12 Labor force (%) 50

3.3.13 Stock market index (%) 7 3.2.15 Female labor force (%) 48

3.2.23 Competent senior managers (S) 9 3.3.01 Banking sector assets (%) 44

3.4.04 Corporate boards (S) 12 3.2.20 Brain drain (S) 42

3.5.03 National culture (S) 13 3.5.02 Image abroad (S) 42

3.4.03 Credibility of managers (S) 13 3.1.10 Small and medium-size enterprises (S) 41

3.5.07 Corporate values (S) 15 3.2.21 Foreign high-skilled people (S) 39

Infrastructure Infrastructure

4.2.22 High-tech exports (%) 1 4.5.04 Pupil-teacher ratio (secondary education) 59

4.2.03 Fixed telephone tariffs 1 4.5.03 Pupil-teacher ratio (primary education) 58

4.2.15 Qualified engineers (S) 13 4.2.10 Internet users 58

4.5.16 Language skills (S) 15 4.5.05 Secondary school enrollment (%) 57

4.2.05 Mobile telephone costs 18 4.2.01 Investment in telecommunications (%) 57

4.5.14 Management education (S) 20 4.1.10 Dependency ratio 57

4.2.14 Information technology skills (S) 20 4.2.09 Computers per capita 57

4.5.13 University education (S) 24 4.2.12 Broadband subscribers 56

4.2.11 Fixed broadband tariffs 25 4.5.01 Total public expenditure on education (%) 56

4.5.11 Educational system (S) 31 4.4.01 Total health expenditure (%) 56

PHILIPPINES

2012 world competitiveness rankings

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