Bangladesh has been ranked 99th out of 137 countries in the latest Global Competitiveness Index published by the World Economic Forum.
The country’s overall score was 3.9 (in a scale of 7), up from 3.8 last year when it was ranked 106th among 138 countries.
The competitiveness index focused on three subindexes – basic requirements, efficiency enhancers, and innovation and sophistication factors.
Bangladesh scored well in macroeconomic environment category, ranking 56th. But its performance in health and primary education, and higher education and training categories were not as impressive – 102nd and 117th respectively.
In terms of market size, the country ranked 38th but stood at 111th in infrastructure, and 118th in labour market efficiency categories.
It ranked 114th in innovation category and 120th under technological readiness category.
Corruption has been identified as the most problematic factor for doing business in Bangladesh, followed by issues like inadequate supply of infrastructure, inefficient government bureaucracy and inadequately educated workforce.
The World Economic Forum has been publishing the index since 1979.
According to the 2017-18 edition, Bangladesh’s GDP is $227.9 billion. The country has a population of 161.5 million and the GDP per capita is $1,411.