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Bangladesh moves up one place in WEF's Global Competitiveness Index
Bangladesh's global competiveness has improved just a bit, according to the annual index published by the World Economic Forum (WEF).
Published : 28 Sept 2016, 06:51 AM
Updated : 28 Sept 2016, 08:12 AM
It has moved up one place to rank 106 among 138 nations in the 2016-17 Global Competitiveness Index (GCI) released on Wednesday.
The WEF, known as the Davos Forum, has been publishing the Global Competitiveness Report since 2011.
The Index is based on 12 basic factors -- institutions, infrastructure, the macroeconomic environment, health, education, market efficiency, the labour market, financial market development, technological capacity, market size, innovation and business sophistication.
Bangladesh has scored 3.8 out of 7 in the latest ratings.
Switzerland tops the list with a score of 5.81 followed by Singapore, the US, Netherlands and Germany.
Middle-eastern nation Yemen is at the bottom scoring 2.74 behind the African countries of Mauritania, Chad, Burundi and Malawi.
India leads in South Asia climbing to 39th place while Sri Lanka slipped three places to 71st.
Bhutan and Nepal both have improved their positions -- by eight notches to 97th and one notch at 98th respectively.
Pakistan trails the group of South Asian economies, ranking 122 against last year's 126.
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