Philippines 2nd most competitive in Asia

5 Most Competitive Countries in Asia

Talha Qureshi
Insider Monkey
11 April 2024

In this article, we will look at the 5 most competitive countries in Asia. If you want to read our detailed analysis, you can go directly to the 20 Most Competitive Countries in Asia.

5. Malaysia

GDP Growth Rate (2024): 4.3%

GDP Per Capita Growth Rate (2024): 6.75%

Competitiveness Score: 75.75

Malaysia makes it to the top 5 most competitive countries in Asia. The country’s GDP is growing at 4.3%, whereas it has a GDP per capita growth rate of 6.75%. Malaysia also performs well on the world competitiveness ranking, scoring 75.75 out of 100. 

4. Mongolia

GDP Growth Rate (2024): 4.5%

GDP Per Capita Growth Rate (2024): 2.65%

Competitiveness Score: 35.56

Mongolia is an East Asian nation that ranks 4th on our list of most competitive countries in Asia. It has a GDP growth rate of 4.5% and a GDP per capita growth rate of 2.65%.

3. Indonesia

GDP Growth Rate (2024): 5%

GDP Per Capita Growth Rate (2024): 7.83%

Competitiveness Score: 70.75

Third on our list is Indonesia, a Southeast Asian country. The country has a GDP growth rate of 5% and a GDP per capita growth rate of 7.83%. 

2. Philippines

GDP Growth Rate (2024): 5.9%

GDP Per Capita Growth Rate (2024): 8.03%

Competitiveness Score: 54.14

The Philippines ranks as the 2nd most competitive country in Asia. The country’s GDP is growing at 5.9%, whereas it has a GDP per capita growth rate of 8.03%.

1. India

GDP Growth Rate (2024): 6.3%

GDP Per Capita Growth Rate (2024): 9.00%

Competitiveness Score: 64.63

India tops our list of the 20 most competitive countries in Asia. It is a South Asian country with a GDP growth rate of 6.3% and a GDP per capita growth rate of 9.0%.