Phl climbs to 56th in global competitiveness report

The Philippines climbed five places to the 56th spot out of 69 economies in this year’s World Digital Competitiveness Ranking (WDCR) released by the International Institute for Management Development (IMD) World Competitiveness Center (WCC).

- By LOUELLA DESIDERIO

The Philippines got a score of 50.87 this year, an improvement from 45.18 last year.

Released annually, the report measures the capacity and readiness of economies to adopt digital technologies for economic transformation in business, government and the wider society.

Economies are ranked using hard data and survey responses from business and government executives.

Through the report, IMD aims to help policymakers and companies understand what drives performance and where they should focus their resources.

IMD looks at digital competitiveness through the following factors: knowledge, technology and future readiness.

In the knowledge factor, the Philippines’ ranking slid to 65th from last year’s 64th.