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Malaysia advances 11 spots to 23rd in global competitiveness ranking
Free Malaysia Today
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6/17/2025
This marks the nation’s best position since 2020, says the investment, trade and industry ministry.
Read More:
https://www.freemalaysiatoday.com/category/nation/2025/06/17/malaysia-advances-11-spots-to-23rd-in-global-competitiveness-ranking
Free Malaysia Today is an independent, bi-lingual news portal with a focus on Malaysian current affairs.
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00:00
Malaysia has advanced 11 spots in the International Institute for Management Development World Competitiveness Ranking
00:08
to 23rd among 69 economies, up from the 34th placing last year.
00:14
In a statement yesterday, the Investment, Trade and Industry Ministry noted that the ranking is the nation's best since 2020.
00:22
The ministry said this reflects a progressive momentum in Malaysia's economic recovery and reform agenda
00:28
and reaffirms its trajectory towards becoming one of the world's top 12 most competitive economies by 2033.
00:36
Last year, Malaysia fell seven places to 34th out of 67 countries worldwide
00:41
and four places to 10th out of 14 countries in the Asia-Pacific region.
00:47
The nation experienced a decline in nearly all factors including economic performance,
00:52
government efficiency and business efficiency, except infrastructure in which it retained its position.
00:57
However, the ministry said that this year, economic performance, government efficiency and business efficiency
01:04
were the main factors driving the nation's progress.
01:07
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