Pakistan at 92nd position in GCI
DAVOS, Jan 23: Pakistan occupies 92nd position among 131 countries in the global competitiveness index (GCI) while India ranked 48th.
According to the Global Competitiveness Report 2007-08, released at the start of three-day World Economic Forum (WEF) here on Wednesday, the US tops the GCI index with a score of 5.67, followed by Switzerland (5.62).
Denmark, Sweden, Germany, Finland, Singapore, Japan, UK and the Netherlands are among the top 10 countries in that order.
Malaysia occupies 21st position with a score of 5.10 while Kuwait, Qatar, Tunisia and Saudi Arabia occupied rankings of 30, 31, 32 and 35, respectively.
India stands at 48th position with a score of 4.33 while Pakistans 92nd position is with a score of 3.77 while Bangladesh is ranked at 107 with 3.55 marks.
In the 2006-07 index with 122 countries, Pakistan was on the 83rd position, and this year it has shown a decline of ten positions. It not only gave way to other competitors, the country also lost scores. Its score last year was 3.82 points.
In the sub-index of basic facilities, Pakistan is ranked at 98. While its infrastructure and institutions stand at 72 and 81 positions, Pakistans macroeconomic stability and health and basic education are ranked at 101 and 115th positions.
Pakistan is ranked at 81st position in efficiency enhancing factors by securing 28 positions in market size and 116 in education and training.
Last year, India had occupied 42nd position among 122 countries and it had secured 4.47 scores in the GCI.The US has succeeded in maintaining its first position since last year. China that stood at 35th position last year has improved its ranking by one step to 34, also improving its scores from 4.55 to 4.57 this year.
The series of Global Competitiveness Report evolved over the last three decades offers invaluable insight into policies, institutions and factors driving productivity, enabling sustained economic growth and long-term prosperity.
Report provides users with a comprehensive data on a broad array of competitiveness indicators for a large number of industrialised and developing economies.
This years edition features record 131 economies, accounting for more than 98 per cent of the worlds GDP.
The Global Competitiveness Report includes the World Economic Forums Global Competitiveness Index, developed by Prof Xavier Sala-i-Martin, at Columbia University; the Business Competitiveness Index, developed by Prof Michael E. Porter, Director of the Institute for Strategy and Competitiveness at Harvard Business School as well as detailed profiles for each of the 131 economies covered and data tables displaying relative rankings for more than 100 variables.
Pakistan at 92nd position in GCI -DAWN - Business; January 24, 2008
