You are currently viewing Pakistan slips to 110 on World Economic Forum GCI index

Pakistan slips to 110 on World Economic Forum GCI index

ISLAMABAD: Pakistan has slipped 3 places down on the World Economic Forum (WEF)’s Global Competitiveness Index (GCI), featuring at 110 110 among 141 countries.

The index pushed Pakistan to 110 spot from 107 as compared to last year through the method of backcasting. The rank was given after reviewing the economic performance of Pakistan this year.

“On the 12 Pillars of Competitiveness, among 141 countries, Pakistan ranks at 107th on institutions, infrastructure (105), ICT adoption (131), stability (116), health (115), skills (125), product market (125), labour market (120), financial system (99), market size (29), business dynamism (52) and innovation capacity (79),” the Forum said in its annual report compiled over the economic performance of the countries.

It adds: “Among the South Asian nations, India is at 68, with Sri Lanka 84 and Bangladesh at 105 and Nepal at 108.”

The 2019 report of the WEF’s CGI uses a methodology aimed to fully capture the dynamics of the global economy in the Fourth Industrial Revolution.

The United States fell to second place behind Singapore in the World Economic Forum’s (WEF) flagship Global Competitiveness Report, with the slippage linked in part to President Donald Trump´s trade wars.

News Pakistan

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.