Global Rankings: How Competitive is Thailand in 2023?

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How competitive is Thailand in 2023 infographic

Every year, think tanks, international organizations, and news publications gather data from the past year to compare countries around the world. Let’s see how Thailand performed according to these four reports from the 2022-23 period:

How competitive is Thailand in 2023 infographic

IMD World Competitiveness Yearbook 2023 is a comprehensive annual report and worldwide reference point on the competitiveness of countries. It benchmarks 64 countries according to how they manage their competencies to achieve long-term value creation. There are four sub-rankings in total: Economic Performance, Government Efficiency, Business Efficiency, and Infrastructure.

Of the four sub-rankings, Thailand was the most competitive in terms of Economic Performance (16th), followed by Business Efficiency (23rd), Government Efficiency (24th), and Infrastructure (43rd). 

See the full report and other countries on the IMD official website.

How competitive is Thailand in 2023 infographic

WEF/Portulans Institute’s Network Readiness Index 2022 is one of the leading global indices on the application and impact of information and communication technology (ICT) in 131 economies around the world. It benchmarks countries according to four sub-rankings: Technology, People, Governance, and Impact

Of the four sub-rankings, Thailand was the most competitive in terms of People (45th), followed by Impact (46th), Technology (47th), and Governance (48th). 

See the full report and other economies on the Network Readiness Index official website.

How competitive is Thailand in 2023 infographic

U.S. News Best Countries Rankings 2022 is the overall ranking of 85 countries according to a global perceptions survey of 73 country attributes, grouped into 10 sub-rankings: Adventure, Agility, Cultural Influence, Entrepreneurship, Heritage, Movers, Open for Business, Power, Quality of Life, and Social Purpose

We’ve picked out a few of Thailand’s most competitive country attributes: Adventure (5th), Heritage (10th), Open for Business (13th), Study Abroad (16th), and Retirement (19th).

See the full report and other countries on the U.S. NEWS official website.

How competitive is Thailand in 2023 infographic

WIPO/Portulans Institute’s Global Innovation Index 2022 tracks the current state of innovation globally and ranks the innovative ecosystem performance of 132 countries. It benchmarks by income group and by region, with seven sub-rankings overall.

Thailand ranked fifth by income group and ninth by region. Of the seven sub-rankings, Thailand was the most competitive in terms of Market Sophistication (27th), followed by Business Sophistication and Knowledge & Technology Outputs (43rd), Creative Outputs (49th), Infrastructure (54th), Human Capital & Research (71st), and Institutions (78th). 

See the full report and other countries on the WIPO official website

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