The Bank of Thailand (BoT) has expressed satisfaction with the country’s rising competitiveness ranking, which it considers as reflecting Thailand’s strong economic fundamentals.
As the World Economic Forum moved Thailand from the 37th position last year to the 31st position this year in its competitiveness ranking of 144 countries, BoT spokesman Chirathep Senivongs Na Ayudhya said that the improvement was significant and resulted from many economic indicators including the macroeconomic condition, inflation, government budgets, health conditions and primary education.
The spokesman said that the improved competitiveness confirmed the country’s economic fundamentals. Mr Chirathep said the evaluation by the World Economic Forum was satisfactory and was in accordance with previous evaluation by credit rating agencies.
Mr Chirathep said that national reform in many areas should enable Thailand to further enhance its competitiveness.