IMD reveals "Thailand" ranks 25th in the 2024 competitiveness ranking.

IMD reveals that "Thailand" ranks 25th in the 2024 competitiveness ranking. One important factor is economic performance, moving up 11 places from 2023.

June 18, 2567 Mr. Chai Watcharong, Spokesman of the Prime Minister's Office revealed that Mr. Settha Thavisin, Prime Minister Pleased with the country's development until we saw results. Thailand has improved 5 places, this year ranking 25th out of 67 economic zones inRanking of competitive ability of the country for the year 2024 (IMD World Competitiveness Yearbook 2024) ของ International Institute for Management Development (IMD) Switzerland

A spokesman for the Prime Minister's Office said that the IMD World Competitiveness Yearbook rankings are based on four aspects, consisting of:

1. Economic Performance

2. Business Efficiency

3. Government Efficiency and

4. Infrastructure (Infrastructure)

Thailand is ranked 2024th in 25, an improvement of 5 places from 30th in 2023.

The main factor that makes Thailand perform well is In terms of economic performance, it ranked 5th with a score of 64.3, an improvement of 11 places from 16th in 2023 due to its outstanding score. International Trade improved to 23 places.

Including other factors that have improved, including: The issues of employment (Employment), prices (Prices) and the domestic economy (Domestic Economy) as for other areas received scores as follows: efficiency of the business sector ranked 20th with 62.0 points, efficiency of the government sector ranked 24th with 55.1 points, and infrastructure. 43rd place, got 40.2 points

However, there are still challenges facing Thailand, such as the continually rising cost of living and concerns about household debt. This includes the awareness and ability of SMEs to deal with international regulations regarding low carbon emissions. Dealing with geopolitical risks and cyber security

“The Prime Minister thanks the rankings for reflecting the achievements of the government's work. with the government planning continuous work The format is according to strategy. Therefore, we are confident that the government is ready to fight the challenges that arise. Overcome every obstacle so that Thailand has a competitiveness that cannot be overlooked. To take those advantages and develop them into economic value. To give the people a better way of life.” Mr. Chai said.

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