Pakistan drops to 107th position in the Global Competitiveness Index 2018 – Research Snipers

Pakistan drops to 107th position in the Global Competitiveness Index 2018

The growing economic situation of Pakistan

Pakistan has dropped to 107th position in the Global Competitiveness Index 2018. World Economic Forum (WEF) released the Competitiveness index and Pakistan stood at 107th position out of 140 with 4.0 score.

The overall ranking of Pakistan was 107 while it’s ranking for institutions was 109, for infrastructure was 93, for ICT adoption was 127, for macroeconomic stability the ranking was 103, 109 for health, 125 for skills, for product market Pakistan stood at 122th position, for business dynamics at 56 and for innovation capacity the ranking was 75th.

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In 2017 Pakistan’s Global Competitiveness Index was 106 out of 135 nations.

Pakistan’s GDP per capita is at $1,541.1. The average yearly GDP growth for 10-year stands at 3.6%,  average five-year FDI inward flows as % of GDP at 0.7%.

Pakistan ranked worst in press freedom at 112th position. 70th ranking was for judicial independence and 77 for budget transparency. In train efficiency where the best index is 1-7, Pakistan stood at 52nd place and at 41st place in airport connectivity.

The Global Competitiveness Index 2018 was topped by the United States, thus reinstating its position as the most competitive economy in the world.