The Growth Competitiveness Index
is the overall measure of the capacity of an economy to
achieve sustained growth in terms of GDP per capita over
the next five years. Three areas of the economy are taken
into consideration to arrive at this index – Technology,
Public Institutions, and the Macroeconomic Environment.
For the Philippines, its low rating for Public Institutions
and its sharply deteriorated position in the Technology Index
have contributed to its overall slide in the Growth Competitiveness
Index from No. 48 (out of 75) in 2001 to No. 61 (out of 80)
in 2002.
1994
1995
1996
1997
1998
1999
2000
2001
2002
Change
Philippines
33
35
31
34
33
33
36
48
61
(13)
Singapore
2
2
1
1
1
1
2
4
4
0
Hong Kong SAR
4
3
2
2
2
3
7
13
17
(4)
Taiwan
18
11
9
8
6
4
10
7
3
4
Malaysia
17
21
10
9
17
16
24
30
27
3
Korea
24
24
20
21
19
22
28
23
21
2
Thailand
23
26
14
18
21
30
30
33
31
2
Indonesia
31
33
30
15
31
37
43
64
67
(3)
Vietnam
n/a
n/a
n/a
49
39
48
52
60
65
(5)
Source: Global
Competitiveness Programme of the World Economic
Forum
