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