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Jokowi Pleased with Indonesia's Competitiveness Ranking Surpassing Japan, Malaysia

24 June 2024 22:35 WIB

TEMPO.CO, JakartaPresident Joko "Jokowi" Widodo said he was pleased to learn that Indonesia's global competitiveness ranking jumped to 27th position, surpassing the UK and Japan.

“Thank God, I am happy that our competitiveness in 2024 has increased significantly. This is important because our competitiveness ranking in the world has jumped from 44 to 34, and now it has jumped again to 27,” the President said during the Plenary Cabinet Meeting on the current economy at the Presidential Palace in Jakarta, on Monday, June 24, 2024.

Based on the latest research of the World Competitiveness Ranking (WCR) 2024 by the Institute for Management Development (IMD), Indonesia's competitiveness ranking surpassed the UK which was ranked 28th, Malaysia (34), Japan (38), the Philippines (52), and Turkey (53).

In the Southeast Asia region, Indonesia's competitiveness ranking is in the top three after Singapore (1) and Thailand (25).

“This is something we should be grateful for because this is where we know where we are. Because it is not easy to enhance our ranking amid the current global uncertainty,” he remarked.

Looking at the current global economic conditions, Jokowi said that Japan's competitiveness fell three ranks due to its weakening currency and declining stability, while Malaysia's economy fell seven ranks because of the weakening economy and political stability issues.

Therefore, the President emphasized the importance of political stability, exchange rate stability, and productivity growth to support the economy. “And what is assessed from the increase in Indonesia's competitiveness is because of our government, business sector, and economy,” he said.

According to him, the Job Creation Law, the increasingly competitive business world with the availability of labor and increased productivity, and economic growth are the main factors that increase Indonesia's competitiveness.

However, he highlighted Indonesia's weaknesses, particularly in health and the environment (ranked 61) and education (ranked 57).

“This is what we all need to prioritize so that we can continue to improve our competitiveness ranking every year. Health and education should be the government's main focus in the future,” he said. 

IMD's World Competitiveness Ranking 2024, released in June, covers 67 global economies and is a global reference for economic competitiveness. The complete list is as follows:

1. Singapore
100
2. Switzerland
97.05.00
3. Denmark
97.01.00
4. Ireland
91.09.00
5. Hong Kong
91.05.00
6. Sweden
90.03.00
7. UAE
89.07.00
8. Taiwan 
88.05.00
9. Netherlands
86.09.00
10. Norway
86.02.00
11. Qatar
85.03.00
12. USA
83.05.00
13. Australia
81.09.00
14. China
81.00.00
15. Finland
80.03.00
16. Saudi Arabia
79.08.00
17. Iceland
78.09.00
18. Belgium
77.09.00
19. Canada
77.07.00
20. South Korea
75.09.00
21. Bahrain
75.03.00
22. Israel
75.00.00
23. Luxembourg
73.07.00
24. Germany
72.07.00
25. Thailand
72.05.00
26. Austria
72.01.00
27. Indonesia
71.05.00
28. United Kingdom
70.08.00
29. Czech Republic
70.02.00
30. Lithuania
69.09.00
31. France
69.07.00
32. New Zealand
68.02.00
33. Estonia
68.02.00
34. Malaysia
68.01.00
35. Kazakhstan
66.00.00
36. Portugal
65.01.00
37. Kuwait
65.00.00
38. Japan
65.00.00
39. India
62.09.00
40. Spain
62.08.00
41. Poland
61.07.00
42. Italy
61.04.00
43. Cyprus
60.09.00
44. Chile
59.07.00
45. Latvia
59.01.00
46. Slovenia
58.00.00
47. Greece
56.08.00
48. Jordan
55.05.00
49. Puerto Rico
54.09.00
50. Romania
53.05.00
51. Croatia
52.08.00
52. Philippines
52.06.00
53. Turkiye
52.04.00
54. Hungary
52.01.00
55. Botswana
50.03.00
56. Mexico
49.09.00
57. Colombia
47.04.00
58. Bulgaria
47.03.00
59. Slovakia
46.09.00
60. South Africa
46.03.00
61. Mongolia
46.03.00
62. Brazil
43.08.00
63. Peru
43.04.00
64. Nigeria
39.08.00
65. Ghana
39.03.00
66. Argentina
35.09.00
67. Venezuela
28.09.00

ANTARA | IMD.ORG

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