Philippines drops to 57th out of 100 in global startup ecosystem list
The Philippines slipped five places to 57th out of 100 countries in the 2022 edition of research center StartupBlink’s Global Startup Ecosystem Index. The index assessed startup ecosystems across 100 countries based on the total scores on quantity and quality of startups as well as business environment. It also had a separate ranking covering 1,000 cities across the globe. With a total score of 3.302, the Philippines had the seventh-lowest score among its peers in the Asia-Pacific. At the city level, it retained five locations in the rankings. Manila ranked 100th out of 1,000 cities worldwide. Meanwhile, new entrant Naga City (952nd) replaced Baguio City in the latest city rankings.
