In terms of FDI to GDP ratio, the Philippines again fared badly among these countries, except for Indonesia. Table 1.12 shows the ASEAN6 FDI as percentage to GDP (Graphical presentation of this table is Figure 2.8 of Chapter 2). In 1995, the Philippines ratio indicates 2 per cent as compared to Malaysia’s ratio of almost 5 per cent and Vietnam’s almost 9 per cent. Although, the Philippine FDI to GDP ratio increased to 3.5 per cent in 1998, it posted less than 1 percent in 2008. Table 1.12: FDI Performance of ASEAN6(% of GDP) Indonesia 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009
2.2 2.7 2.2 ‐0.3 ‐1.3 ‐2.8 ‐1.9 0.1 ‐0.3 0.7 2.9 1.3 1.6 1.8 0.9
Malaysia 4.7 5.0 5.1 3.0 4.9 4.0 0.6 3.2 2.2 3.7 2.9 3.9 4.6 3.3 0.7
Philippines
Singapore
2.0 1.8 1.5 3.5 1.6 3.0 0.3 2.0 0.6 0.8 1.9 2.5 2.0 0.9 1.2
13.7 10.5 14.3 8.9 20.1 17.8 18.2 8.2 12.5 18.2 11.6 20.9 21.4 5.6 9.2
Thailand
Viet Nam
1.2 1.3 2.6 6.5 5.0 2.7 4.4 2.6 3.7 3.6 4.6 4.6 4.6 3.1 2.3
8.6 9.7 8.3 6.1 4.9 4.2 4.0 4.0 3.7 3.5 3.8 3.9 9.5 8.9 4.7
Source: Data for 1995‐2004 were taken from Aldaba 2010 (p.13), updates for 2005‐2009 were computed using FDI inflows from WIR2010 and GDP figures from http://www.aseansec.org/18135.htm (date accessed July 22, 2010)
Other indicators of FDI performance including FDI by sector and by sources are further discussed in Chapter 2. The Philippines has lagged behind in many competitiveness indicators. The latest World Bank report on ease of doing business ranks the Philippines 144th out of 183 economies (Table 1.13). Only Cambodia and Lao PDR rank below the Philippines. Table 1.13: Index of Ease of Doing Business Economy
2010 Rank Out of 183
Singapore
1
Thailand
12
Malaysia
23
China
89
Viet Nam
93
Brunei
96 10