Bangladesh slips in competitiveness ranking

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Bangla Tribune Desk
Published : 15:16, Oct 09, 2019 | Updated : 15:33, Oct 09, 2019

A cleaner drives a sweeper-scrubber past a flower installation for the upcoming Summer Davos meeting by the World Economic Forum (WEF) in Dalian, Liaoning province, China June 11, 2019 Reuters/File PhotoBangladesh slipped two notches from the previous year’s ranking in the Global Competitiveness Report, as competitiveness weakened in most of the indicators.
The country ranked 105 out of the 141 countries in terms of doing business in the world. In 2018, Bangladesh ranked 103 out of 140 countries in terms of doing business in the world.

Top 10 most competitive economies:

Rank 2019 (Out of 141)

Country

Score 2019

Change in Ranking Vs. 2018

1

Singapore

84.8

+1

2

United States

83.7

-1

3

Hong Kong

83.1

+4

4

Netherlands

82.4

+2

5

Switzerland

82.3

-1

6

Japan

82.3

-1

7

Germany

81.8

-4

8

Sweden

81.2

+1

9

United Kingdom

81.2

-1

10

Denmark

81.2

0

Local think tank the Centre for Policy Dialogue (CPD) released the report on behalf of the World Economic Forum at Economic Reporter' Forum (ERF) auditorium in Dhaka on Wednesday (Oct 9).

Most competitive economies (South Asia):

Rank 2019 (Out of 141)

Country

Score 2019

Change in Ranking Vs. 2018

68

India

61.4

-10

84

Sri Lanka

57.1

+1

105

Bangladesh

52.1

-2

108

Nepal

51.6

+1

110

Pakistan

51.4

-3

However, Bangladesh’s overall score has remained the same at 52.1 in 2019 in doing business.
Meanwhile, Singapore overtook the US and became the most competitive nation in the world.

/hb/
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