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Productivity

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Malaysia's Competitiveness: A Journey Towards Excellence

Overview

The IMD World Competitiveness Ranking (WCR) 2024 showcases Malaysia’s progress and opportunities in global competitiveness. This initiative, led by MPC, evaluates 67 economies on four critical factors, providing insights and recommendations to enhance Malaysia’s productivity, attract investments, and drive sustainable growth.

Key Rankings

HIGHLIGHTS

Achievements and Strengths

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Top 10 in Tax Policy

Efficient and transparent tax implementation

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Affordable Business Costs

Office Rentals: Ranked 4th

Electricity Costs for Industries: Ranked 15th

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Strong Employment Performance

Ranked 18th globally (+3 from 2023)

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Increased Tourism Revenue

Jumped from 63rd to 40th (+23 ranks)

Opportunity for Growths

Strengthen Food Security

Boost technology use in agriculture to lower costs and ensure sustainability

Promote Female Workforce Participation

Introduce subsidies for childcare and encourage women in STEM fields

Accelerate Digital Adoption

Provide incentives for businesses adopting advanced technologies and expanding broadband access

Reform Business Legislation

Simplify tariffs and reduce protectionism to create a more competitive business environment

WCR Report 2024

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"MPC’s initiatives have empowered industries to meet global standards, driving Malaysia’s rise in competitiveness rankings."

MashIt
"MPC’s focus on reforms and collaboration has transformed our sector’s global competitiveness."

FabuFit
"MPC’s strategies have bridged productivity gaps, setting a new benchmark for global excellence."

YesSuits

FAQS

Your go-to resource for quick, clear explanations on key topics and common queries.

Understanding the Initiative

What is the World Competitiveness Ranking Initiative?

The initiative focuses on enhancing Malaysia's global competitiveness by addressing productivity gaps, fostering innovation, and aligning industries with international standards.
Why is this initiative important?

It helps Malaysian businesses compete globally, attracts foreign investments, and supports sustainable economic growth.
Who is involved in this initiative?

MPC works with government agencies, industry leaders, and international experts to drive impactful reforms.

Industry Benefits and Participation

How does this initiative benefit industries?

It equips industries with data-driven strategies and practical reforms to achieve global benchmarks and improve productivity.
What progress has been made so far?

Malaysia has climbed in global competitiveness rankings, with industries reporting significant benefits from MPC's efforts.
How can my organisation participate?

Reach out to MPC via our website or visit a local MPC office to learn how your organisation can join this transformative journey.

Get Updated

We document the progress for you. Read more below.

Get Involved

Join the movement to elevate Malaysia's global competitiveness. Collaborate with MPC to shape impactful policies, drive productivity, and strengthen our nation's standing. Contact us today to learn more.