Thailand’s competitiveness rises six notches to 31st place

Despite the political strife crippling the country's economy for almost five months since May, Thailand's competitiveness jumped six slots to 31st in the World Economic Forum's Global Competitiveness Report 2014-15 thanks to improvements in the ranking of the macroeconomic environment. Thailand scored 4.7 out of seven points, up from 4.5 last year.

The rankings are based on the Global Competitiveness Index introduced by the WEF in 2004, with factors that determine the level of productivity of a country covering 12 main pillars such as institutions, infrastructure, health care, education, innovation and financial market development.