Indonesia’s Competitiveness Ranking Rises to 34th

By Office of Assistant to Deputy Cabinet Secretary for State Documents & Translation     Date 31 Agustus 2023
Category: News
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President Jokowi Thursday (08/31) delivers his speech at the Opening Ceremony of the XVIII HIPMI National Working Meeting, at Nusantara Hall of ICE BSD City, Tangerang regency, Banten province.

Amid fierce competition among countries in export and investment, Indonesia has recorded a significant improvement in its global competitiveness rankings.

“We should be thankful that in the 2023 IMD Global Competitiveness Index, Indonesia has risen in rank from 44th to 34th, an increase of 10 points. This is among the highest in the world because of the 10 point jump,” the President said during the Opening of the XVIII National Working Meeting of the Indonesian Young Entrepreneurs Association (HIPMI) in 2023 at Nusantara Hall of Indonesia Convention Exhibition (ICE) BSD City, Tangerang regency, Banten province, Thursday (08/31).

For the record, the ranking is based on four criteria, including economic performance, government efficiency, business efficiency, and infrastructure.

According to the President, Indonesia’s rank in economic performance saw the most significant increase of 13 points,

“The best one is that of economic performance. It rose by 13 ranks, from the 42nd to the 29th,” the President said.

Furthermore, Indonesia’s business efficiency rose 11 ranks from the 31st to the 20th, while the government efficiency moved 4 ranks from the 35th to the 31st. For the infrastructure component, Indonesia is ranked 51st.

“We also need to keep this up so that our competitiveness index will further improve so that it is apparent that we have the ability to compete with other countries. We do not issue this ranking as this is an international one,” the President remarked. (DND/UN) (FI/EP)

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