The Best Countries for Business List is an annual list prepared by Forbes Magazine. The 2009 report is described as a ranking of countries according to “who is best equipped to bounce back” from the 2009 economic meltdown based on various indices and reports, including World Economic Forum’s Global Competitiveness Report, Transparency International’s Corruption Perceptions Index, and Property Rights Alliances’ International Property Rights Index. In the report, the Philippines ranked 84th out of 127 countries and 5th among the ASEAN-6. Its percentile ranking improved from 25th to 34th the previous year (see Figure 31).
Figure 31: Forbes best countries for business, percentile rankings among the ASEAN-6 from 2008 to 2012
Sources: Forbes and author’s calculations