S. Korea ranks 4th in manufacturing competitiveness: UNIDO

SEOUL, Nov. 21 (Yonhap) -- South Korea ranked fourth in the world in terms of manufacturing competitiveness in 2010, a report showed Thursday, maintaining its robust growth among global peers.

Its competitive industrial performance (CIP) index came to 0.4044, the Competitive Industrial Performance Report 2012-2013 by the United Nations Industrial Development Organization (UNIDO) based on data from 2010 showed.

The CIP is a barometer measuring countries' competitiveness in terms of their manufacturing sector, by taking their production capacity, technological advancement and world impact into consideration.

South Korea ranked fourth on the list for the first time in 2005 and has been maintaining the position ever since. Asia's fourth-largest economy moved eight notches up from 2000, when the country came in 12th.

Japan topped the list with a CIP index of 0.5409, trailed by Germany with 0.5176 and the United States with 0.4822, the UNIDO report also showed. The three countries have been included in the top bracket since 1990.

China, the world's No. 2 economy, also advanced 16 notches in 2010 from a decade earlier to rank seventh on the list.

South Korea's manufacturing value added per capita, which is the relative value of the total net manufacturing output to population size, came to US$4,783 in 2010 to become the world's 10th-largest, hovering far below $8,198 posted by Singapore.

<All rights reserved by Yonhap News Agency>