EconomyEditor's PickPhilippines ranks 12th in 30-economy Sustainable Trade Index

November 8, 2022

The Philippines placed 12th  out of 30 economies with an overall score of 49.5 in the 2022 Sustainable Trade Index (STI) developed by Asia-based philanthropic organization Hinrich Foundation in partnership with academic institution Institute for Management Development (IMD). The STI measures the capacity of economies to participate in international trade in a manner that supports the long-term domestic and global goals of economic growth, environmental protection, and better social equity. Among its peers in the Asia-Pacific region, the Philippines ranked 6th. It placed 5th overall in the environmental pillar with a score of 85, 17th in societal pillar (34.8), and 19th in the economic pillar (41.2).

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