Competitiveness: Bangladesh 7 notches up on global index

Bangladesh has been ranked the 99th most competitive economy in the world, up seven notches from last year's ranking, on the World Economic Forum's Global Competitiveness Report 2017-18.

This is the highest ranking for Bangladesh since the index was introduced in its current format in 2004.

“We have been talking about the potential of Bangladesh to achieve double digit ranking. And for the first time, Bangladesh has entered the club of top 100 competitive countries,” said Khondaker Golam Moazzem, research director of the Centre for Policy Dialogue, unveiling the report.

While Bangladesh's scores improved across all 12 pillars of competitiveness, it trailed behind all its South Asian peers -- India (40), Bhutan (85), Sri Lanka (85) and Nepal (88) -- save for Pakistan (115).