The Global Competitiveness Report 2019-2020, released by the World Economic Forum (WEF), ranked Malaysia 25th out of 140 economies. With this ranking, the country remained the most competitive economies, and was the highest ranked among the developing Asian countries.
In the Doing Business Report 2020 published by the World Bank, Malaysia is ranked 15th worldwide for the ease of doing business, outranking countries such as Canada (22nd), Germany (24th), France (32nd), Switzerland (38th) and Japan (39th). Malaysia is also ranked second in ASEAN in the report after Singapore.
Malaysia performs strongly in Economic Performance improving by 5 places at 8th as well as improvements in Government Efficiency and Business Efficiency which improves by 2 positions at 23rd and 17th respectively. Malaysia was ranked 22nd, ahead of New Zealand (23rd), Iceland (24th), Belgium (26th), Japan (25th), Republic of Korea (27th) and France (28th). Among 30 countries with GDP per capita less than US$20,000, Malaysia remains at 2nd position with a value of US$9,828. In the category of populations greater than 20 million, Malaysia ranks 8th among 29 countries. Within the Asia-Pacific region, Malaysia ranks 6th and remains 2nd in the ASEAN region.