Monday, March 30, 2020

Stats Gate

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.

Anna Papadopoulos
Anna Papadopoulos is an associate editor and oversees the global editorial division of CEOWORLD magazine, setting up the team structure and ensuring global alignment and cohesion in strategy. Working on a range of topics from fashion, higher education, travel, and lifestyle. Write at
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