According to the latest Global Competitiveness Index released on October 9, Pakistan has slipped from 107 to 110 rank out of 141 countries. This is the second consecutive year that Pakistan has continued to slide” in 2017, Pakistan stood at 106, it fell to 107 in 2018 and in 2019 it stands at 110.
This index “provides a detailed map of the factors and attributes that drive productivity, growth and human development in the era of the Fourth Industrial Revolution. With an overall ranking of 110, Pakistan was at 107 for institutions; 105 for infrastructure; 131 for ICT adoption; 116 for macroeconomic stability; 115 for health; 125 for skills; 126 for product market; 120 for labour market; 99 for financial system; 29 for market size; 52 for business dynamism; and 79 for innovation capacity.”
Even in South Asia, Pakistan’s rank is the lowest with India at 68, Sri Lanka at 84, Bangladesh at 105, and Nepal at 108.