Malaysia Secures 23rd Place in Global Competitiveness Ranking
(MENAFN) Malaysia has made a significant leap in the latest World Competitiveness Ranking (WCR) 2025, jumping 11 spots to claim 23rd place out of 69 economies—its strongest showing since 2020. The nation was previously ranked 34th.
According to a statement released Tuesday by the Ministry of Investment, Trade and Industry (MITI), this surge marks a pivotal moment in Malaysia’s economic rebound and underscores the country’s commitment to ongoing structural reform. The advancement aligns with Malaysia’s ambition to rank among the top 12 most competitive economies globally by 2033, as envisioned in the Madani Economy framework.
The ranking, compiled annually by Switzerland's Institute for Management Development (IMD), assesses countries based on their capacity to cultivate a business environment conducive to sustainable economic growth.
MITI attributed Malaysia's improved standing to significant gains in key pillars: economic performance, government efficiency, and business efficiency.
In economic performance alone, Malaysia climbed to 4th globally, up from 8th last year. Both government and business efficiency categories also saw notable strides, each improving by eight positions compared to 2024.
A standout driver was the international trade sub-factor, which rose 11 places to 6th worldwide. This was fueled by a strong upswing in exports of goods and services, expanded market diversification, and increased tourism earnings—all of which reinforced the country’s trade surplus.
"Malaysia's move up the rankings by 11 positions to 23rd from 34th last year reflects how bureaucracy-related reforms are closely intertwined with facilitating robust investment and industrial growth, both critical for enhancing Malaysia's attractiveness as a preferred investment destination," said MITI Minister Zafrul Aziz.
He further emphasized that the government’s integrated strategy, anchored in the Madani framework, showcases its resolve to implement sweeping, long-term reforms across sectors.
The WCR report is widely recognized as a benchmark for assessing how well countries adapt to global economic shifts while fostering an environment that nurtures business innovation and productivity.
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