LAHORE: Â Pakistan has slipped by one place down to 107th in the new Global Competitiveness Index 2018 report released by the World Economic Forum (WEF) on Wednesday.
The country was ranked at 106th in last year’s Global Competitive Index and it dipped by one place to 107th out of a total of 140 countries this year.
According to the report, Pakistan was placed at 93rd for infrastructure; 127th for ICT adoption; 109th for institutions; 103 for macroeconomic stability; 125th for skills; 31 for market size; 56th for business dynamism; 75th in innovation capacity; 89th for financial system; 122nd for financial system; 121st for labour market.
Pakistan obtained the worst score in the area of freedom of press attaining 112th ranking and in judicial independence was ranked at 70th, whilst in budget transparency, its score was 77.
The report stated the GDP per capita stands at $1541.1 and ten-year average annual GDP growth rate at 3.6 percent and five-year average FDI inflow as a percentage of GDP at 0.7 percent.
Regards to terrorism incidence, Pakistan was placed at the bottom pit. Pakistan’s ranking in training efficiency was 52nd where the best index is 1-7 and in airport connectivity, it was placed at 41st.
In innovation ability, Pakistan was ranked at 7th far behind arch-nemesis India which attained a position of 2nd.
