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CEOWORLD magazine - Latest - Stats Gate - World’s Top 10 Countries For Cheap Manufacturing, 2019

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


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CEOWORLD magazine - Latest - Stats Gate - World’s Top 10 Countries For Cheap Manufacturing, 2019
Anna Papadopoulos
Anna Papadopoulos is a senior money, wealth, and asset management reporter at CEOWORLD magazine, covering consumer issues, investing and financial communities + author of the CEOWORLD magazine newsletter, writing about money with an enthusiasm unknown to mankind. You can follow CEOWORLD magazine on Twitter, Facebook, Instagram, or connect on LinkedIn for musings on money, wealth, asset management, millionaires, and billionaires. Email her at info@ceoworld.biz.