Staff Reporter :
Bangladesh has been ranked 107th among 140 countries in The Global Competitiveness Report 2015-2016 by the World Economic Forum.
Bangladesh moved two notches up in the Global Competitiveness Index compared with last year’s 109th among 140 countries in the world, indicating progress in the country’s economic efficiency and sophistication.
Centre for Policy Dialogue (CPD), local partner of the forum, disclosed the information at a discussion titled “The Global Competitiveness Report 2015-2016 and Bangladesh Business Environment Study-2015 ” at BRAC Centre Inn at Mohakhali of the capital city on Wednesday morning.
Speaking on the occasion, CPD Additional Director Dr Khondaker Golam Moazzem said, capacity of several areas inside banking sector has decreased due to high interest rate and rigidity to loan sanctioning.
Bangladesh’s progress is primarily because of better performance in macroeconomic environment, health, education and infrastructure, said the CPD research director.
The Global Competitiveness Index (GCI) is based on 12 pillars under three sub-indexes. Some 113 different aspects and issues are measured in the index. Each of them is measured with a score ranging from minimum 1 to maximum 7.
The Report contains detailed profiles highlighting competitive strengths and weaknesses for each of the 140 economies featured, providing insight into the drivers of their productivity and prosperity.
For Bangladesh, 4th pillar (health and primary education) gets 5.2 out of 7 score – the highest among 12 pillars, which is followed by 3rd pillar (macroeconomic environment).
The report said that India, another South Asian country, has moved up 16 positions to rank 55th on a global index of the world’s most competitive economies, where Switzerland remains on top.
Globally, Switzerland has retained its top position as the world’s most competitive economy for 7th year in a row. Switzerland is followed by the United States (USA), Singapore, Germany and the Netherlands in the top-five. It said they are followed by Japan, Hong Kong, Finland, Sweden and the United Kingdom in the top-ten.
Bangladesh has been ranked 107th among 140 countries in The Global Competitiveness Report 2015-2016 by the World Economic Forum.
Bangladesh moved two notches up in the Global Competitiveness Index compared with last year’s 109th among 140 countries in the world, indicating progress in the country’s economic efficiency and sophistication.
Centre for Policy Dialogue (CPD), local partner of the forum, disclosed the information at a discussion titled “The Global Competitiveness Report 2015-2016 and Bangladesh Business Environment Study-2015 ” at BRAC Centre Inn at Mohakhali of the capital city on Wednesday morning.
Speaking on the occasion, CPD Additional Director Dr Khondaker Golam Moazzem said, capacity of several areas inside banking sector has decreased due to high interest rate and rigidity to loan sanctioning.
Bangladesh’s progress is primarily because of better performance in macroeconomic environment, health, education and infrastructure, said the CPD research director.
The Global Competitiveness Index (GCI) is based on 12 pillars under three sub-indexes. Some 113 different aspects and issues are measured in the index. Each of them is measured with a score ranging from minimum 1 to maximum 7.
The Report contains detailed profiles highlighting competitive strengths and weaknesses for each of the 140 economies featured, providing insight into the drivers of their productivity and prosperity.
For Bangladesh, 4th pillar (health and primary education) gets 5.2 out of 7 score – the highest among 12 pillars, which is followed by 3rd pillar (macroeconomic environment).
The report said that India, another South Asian country, has moved up 16 positions to rank 55th on a global index of the world’s most competitive economies, where Switzerland remains on top.
Globally, Switzerland has retained its top position as the world’s most competitive economy for 7th year in a row. Switzerland is followed by the United States (USA), Singapore, Germany and the Netherlands in the top-five. It said they are followed by Japan, Hong Kong, Finland, Sweden and the United Kingdom in the top-ten.
