Kingdom falls further behind in competitiveness

Cambodia slid further down the rankings of global competitiveness on this year’s Global Competitiveness Report, which showed the Kingdom dropping five notches on the annual index to hold its position as the second least competitive country in Asean after Laos.

Cambodia ranked just 94 out of 137 economies, falling from 89 last year, on the report put out annually by the World Economic Forum. Its score of 3.93 out of 7 put it only slightly ahead of Laos, which ranked 98, while Myanmar has been excluded from the Global Competitiveness Index (GCI) for the last two years.

The ranking, which combines 12 pillars that study everything from the strength of institutions to education and technological readiness, showed the Kingdom ranked under 50 in just one category: labour market efficiency at 48. Nearly half of the rest of the categories ranked within the 50 to 100 range, with the other half exceeding the 100 mark.

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