Ranked 122nd this year, Pakistan is world’s 17th least competitive country, according to the Global Competitiveness Report (GCR) 2016-17, released by World Economic Forum (WEF), Switzerland.
Last year, Pakistan’s rank was 126.
The GCR 2016-17 has ranked 138 countries.
In South Asia, Pakistan still ranks even below than Bhutan and Nepal.
With a score of 3.49 out of 7, Pakistan ranks 122nd in GCR 2016-17 and is in the company of mostly African countries.
The 12 pillars of Global Competitiveness Report 2016-17.
The updated GCI framework of Global Competitiveness Report 2016-17.
Our earlier reports:
Here’s everything you wanted to know about Pakistan’s performance in Global Competitiveness Report 2016-17 – in 11 photos and on one page.
Global Competitiveness Index in detail on Pakistan on 12 pillars and subindexes.
VIDEO: See Wali Zahid explaining GCR 2015 and Pakistan’s future on a Business Plus TV show with Junaid Gul.
Pakistan is a Stage 1, Factor-driven economy, according to Global Competitiveness Report 2016-17. Much needs to be done to transition to Efficiency-driven economy.
In South Asia (Saarc), Pakistan is the lowest.
Other Saarc countries ranking:
India leads the way at 39, followed by Sri Lanka (71), Bhutan (97), Nepal (98), and Bangladesh (106).
Exports % of GDP (10th Pillar) has topped the bottom ranking at 135.
Four areas – Business costs of terrorism (1st Pillar), Trade tariffs % duty (6th Pillar), cooperation in labor employer relations and female participation in the labor force – ratio to men (7th Pillar) – share the bottom ranking at 134.
Areas where Pakistan has shown improvements in Global Competitiveness Report 2016-17.
Pakistan: The brighter side:
Areas where Pakistan has shown deterioration in Global Competitiveness Report 2016-17.
Some other indices on Pakistan
Global ranking of Pakistan’s institutions in four editions of Global Competitiveness Reports.
Here’s a list of 16 most problematic factors for doing business in Pakistan.
1) Corruption, 2) crime and theft and 3) tax rates top the list.
Are Prime Minister Nawaz Sharif, Interior Minister Chaudhry Nisar Ali Khan and Finance Minister Ishaq Dar listening for their respective three areas to fix things?
You can download the Global Competitiveness Report 2016-17 here.
Do not miss our Understanding Pakistan Series