Sri Lanka moves up five positions in Global Index of World Economies
October 4, 2015 02:16 pm
Sri Lanka has moved up five positions to rank 68th in a global index of world’s most competitive economies for the year 2015-16. Switzerland topped the table for the seventh consecutive year.
The Global Competitiveness Report 2015-2016 assesses the competitiveness of 140 world economies.
According to the Global Competitiveness Report of 2014/ 5 Sri Lanka secured 73rd position out of 144 countries.
Emerging and Developing Asia has been the world’s fastest-growing region since 2005 and looks set to retain this status in the medium term. The region now accounts for some 30 percent of global GDP, with China alone accounting for 16 percent., the report stated.
In contrast, no member of the South Asian Association for Regional Cooperation (SAARC) features in the top 50. India leads the way at 55th, followed by Sri Lanka (68th, up five). Nepal (100th, up two), Bhutan (105th, down two), Bangladesh (107th, up two), and Pakistan (126th, up three) all rank 100th or below.
