The Philippines ranked as the 3rd best country to invest in or do business for 2019, according to CEOWorld survey results.
The Philippines named one of Expat Explorer’s best places for expats, ranked in the Top 3 out of 67 countries, following Malaysia (1st) and Polland (2nd) with only 0.6 difference in their average scores.
CEOWorld Magazine based the rankings on a survey and statistical data on 11 equally weighted factors which include freedom (personal, trade, and monetary), workforce, investor protection, infrastructure, taxes, and technological readiness, to name a few.
The Philippines scored high in general categories based on the 11 factors:
- Skilled Labour Force (1st place, 85 points)
- Institutional Framework (1st place, 85 points)
- Economic Stability (8th place, 78 points)
- Trade Openness (10th place, 73 points)
- Government Policies (15th place, 70 points)
- Education and Research (15th place, 68 points)
- Market Potential (22nd place, 60 points)
The Philippines made it to the top 10 alongside other Association of South East Asian Nations (ASEAN) countries such as Singapore (6th) and Thailand (10th).
Here is CEOWorld magazine’s top 10 best countries to invest in or do business for 2019 with their averages:
- Malaysia (85.8)
- Poland (85.2)
- Philippines (84.6)
- Indonesia (84.4)
- Australia (84.1)
- Singapore (83.7)
- India (83.6)
- Czech Republic (82.6)
- Spain (81.9)
- Thailand (81.6)
CEOWorld Magazine Rankings is a fully independent survey based ranking system that covers a variety of categories ranging from the world’s richest people to the best universities, top companies, and top executives.
Source: Goodnews Pilipinas