Indonesia rose six positions in the 2017 edition of the IMD World Competitiveness ranking. In this edition Southeast Asia's largest economy was ranked 42nd. This is positive because it shows the government's reform agenda is having an impact by improving the investment and business climate. However, Indonesia remains ranked behind its regional peers the Philippines (41st), Thailand (27th), Malaysia (24th), and Singapore (3rd).

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In the latest World Competitiveness Yearbook (2022) Indonesia ranked 44th overall (out a total of 63), which is significantly weaker than last year’s ranking (37th). While Indonesia’s investment and business environment is known to be plagued by several structural bottlenecks, we did witness an (overall) improving trend in the country’s rankings in global competitiveness indices over the past decade or so.

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