World’s Top 10 Countries For Cheap Manufacturing, 2019
China has been named the best country in the world for Cheap Manufacturing in 2019, this is according to the latest study conducted by US News & World Report. The report also suggested that while China has been perceived as a low-cost production place for more than a decade, experts are now talking about a shift to India as the next factory to the world.
The following are the top 10 countries viewed to have the lowest manufacturing costs. The United States ranks 77th. The report was conducted with the help of over 20,000 respondents, who were asked to score 80 countries for several attributes. The ranking system rates all countries worldwide according to broad essentials as well as intangible benefits such as freedom and security.
Top 10 countries in the world for cheap manufacturing in 2019
10. Myanmar
Best Cheap Manufacturing Rank: 10
Best Countries Overall Rank: 61
9. Sri Lanka
Best Cheap Manufacturing Rank: 9
Best Countries Overall Rank: 45
8. Pakistan (Islamic Republic of)
Best Cheap Manufacturing Rank: 8
Best Countries Overall Rank: 75
7. Malaysia
Best Cheap Manufacturing Rank: 7
Best Countries Overall Rank: 38
6. Philippines
Best Cheap Manufacturing Rank: 6
Best Countries Overall Rank: 50
5. Indonesia
Best Cheap Manufacturing Rank: 5
Best Countries Overall Rank: 43
4. Thailand
Best Cheap Manufacturing Rank: 4
Best Countries Overall Rank: 26
3. Vietnam
Best Cheap Manufacturing Rank: 3
Best Countries Overall Rank: 39
2. India
Best Cheap Manufacturing Rank: 2
Best Countries Overall Rank: 27
1. China
Best Cheap Manufacturing Rank: 1
Best Countries Overall Rank: 16
Have you read?
# World’s Best Countries To Invest In Or Do Business.
# Most Expensive Countries In The World To Live In, 2019.
# Global Passport Ranking, 2019.
# The World’s Safest Cities Ranking.
# Most Startup Friendly Countries In The World.
Add CEOWORLD magazine to your Google News feed.
Follow CEOWORLD magazine headlines on: Google News, LinkedIn, Twitter, and Facebook.
Copyright 2024 The CEOWORLD magazine. All rights reserved. This material (and any extract from it) must not be copied, redistributed or placed on any website, without CEOWORLD magazine' prior written consent. For media queries, please contact: info@ceoworld.biz