Bangladesh slips to 105 in economic competitiveness ranking

Bangladesh has slipped two notches to 105th in economic competitiveness ranking in 2019, according to Global Competitiveness Index (GCI) 2019 released by World Economic Forum today.

The Center for Policy Dialogue (CPD) unveiled the report on behalf of WEF at Economic Reporters Forum in Dhaka this morning.

Among 141 countries of the world, the GCI ranked Singapore as the most competitive economy followed by the USA and Hong Kong. Chad was ranked as the least competitive economy.

Bangladesh's position eroded in 10 out of 12 pillars, said CPD Research Director Khondaker Golam Moazzem while presenting the report.

The 12 pillars include institution, infrastructure, ICT adoption, macroenomic stability, health, skills, product market, labour market, financial system, market size, business dynamism and innovation capability.

Some of the areas in which Bangladesh's ranking went down are business dynamism, labour market and skills, according to the GCI 2019.

The index measures the performance of a country’s institutions, policies and other factors that determine its productivity and overall prosperity of its citizens, states World Economic Forum.