DHAKA: Bangladesh has moved up one step to 109th in this year’s Global Competitiveness Index (GCI) among 144 countries, compared with last year’s 110th.

According to the Global Competitiveness Report (GCR) released  on Wednesday, Switzerland topped the GCI, followed by Singapore. While Malaysia ranked 20th, Saudi Arab 24th, Thailand 31, Indonesia 34th, India 71st, while Sri Lanka 73th, Bhutan 103rd and Nepal 102nd.

GCR is an annual publication of the World Economic Forum (WEF), which has already published the report worldwide.

GCR is one of the world’s most comprehensive and respected assessments of country competitiveness, offering insight into policies, institutions and factors driving productivity and then, enabling sustained economic growth and long-term prosperity.

BDST:1236  HRS, SEP 03, 2014