Indonesia rose four positions in the World Economic Forum's Global Competitiveness Index 2014-2015. Based on the Global Competitiveness Report 2014-2015, released on Tuesday (29/09), Indonesia comes at 34th place in the ranking (out a total of 144 economies assessed across the globe). This improvement is a positive development although to some it may come as a bit of a surprise given Indonesia's slow progress in infrastructure development, high inflation and slowing economic growth.

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Indonesia has jumped four places in the World Economic Forum’s Global Competitiveness Index 2014-2015. In the latest edition Southeast Asia’s largest economy is ranked 34th (from 38th in last year’s edition of the index). Since the 2012-2013 edition, when Indonesia was ranked 50th, the country has risen steadily. The Global Competitiveness Index measures the institutions, policies, as well as factors that set the sustainable current and medium-term levels of economic prosperity among 144 countries around the world.

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