Bangladesh has climbed one notch down to be ranked the 103rd most competitive economy in the world, stated the World Economic Forum's Global Competitiveness Report (GCR) 2018.
The country was at 102nd spot in the index of 140 countries last year. However, the country remained the most open in South Asia to foreign competition, the report added.
Center for Policy Dialogue ( CPD) Research Director Khondaker Golam Moyazzem made the disclosure at a press briefing at CIRDAP auditorium in Dhaka on Tuesday morning.
Among others, CDP Executive Director Fahmida Khatun and distinguished fellow of the organisation Prof Mustafizur Rahman were present.
The Global Competitiveness Report is the flagship publication of the World Economic Forum (WEF) where CPD is the partner organisation which conducts the Bangladesh chapter of the study.
The Global Competitiveness Report 2018 provided relative rankings of 140 countries based on the perception of 16,658 leading entrepreneurs and business executives taking part in the surveys conducted in the aforesaid countries.
The GCR 2018, the new Global Competitiveness Index 4.0, which is estimated under a revised methodology taking into consideration of the impact of technological shift on the level of country-level competitiveness.
The perception survey covers a broad range of issues including macroeconomic stability, infrastructure development, institutions, ICT adoption, health and skill development, product and labour market efficiency, financial market development and business dynamism and innovation capability.
The report ranked Bangladesh in view of its preference of a comparative setting based on information for the period January-December, 2017.