Bangladesh ranks 34th in IDI index

MNA Business Desk: Bangladesh showed stable and qualitative improvement in major economic indicators last year, with leading 40 countries in the Inclusive Development Index (IDI) of the International Monetary Fund (IMF).

Among 74 emerging economies, the country this year secured the 34th position in the IMF’s annual index, which reflects quality of economic performance in a particular country. In the index, Bangladesh also performed far better than India (ranked 62), Pakistan (ranked 52) and Sri Lanka (ranked 40).

The index also includes 29 developed economies, headed by Norway. Iceland, Luxemburg, Switzerland and Denmark followed the Scandinavian state on the top when Greece, Portugal, Italy, Spain and Israel were placed at the bottom five.

Lithuania topped the index for the emerging economies, followed by Hungary, Azerbaijan, Latvia and Poland. Mozambique, Lesotho, Malawi, Zimbabwe and Egypt were among the bottom five.

Compared to last year, Bangladesh advanced two notches to the 34th from previous 36th position, with maintaining an overall score of around 4 based on a 1-7 scale where 1 indicates worst and 7 best.

The IDI is an annual assessment of 103 countries’ economic performance that measures how countries perform on eleven dimensions of economic progress in addition to GDP.