Kathmandu, January 25, 2018: Nepal has gained a remarkable achievement in the 2018 Inclusive Development Index(IDI) of World Economic Forum(WEF) by standing on the 22nd position among 74 emerging economies of the world and first position among the South Asian countries.
According to the report published by World Economic Forum (WEF), Nepal’s ranking has upgraded by five points this year. In last year’s report, Nepal was enlisted in 27th position. The report shows Nepal has been able to obtain a score of 4.15 this year.
The IDI has made the annual assessment of the economic performance of 103 countries dividing the economies into two groups — advanced economies and emerging economies. IDI is based on three pillars – Growth and Development, Inclusion, and Equity- sustainable stewardship of natural and financial resources.
The Index has measured the performance of the countries on the basis of eleven dimensions of economic progress in addition to GDP. Among South Asian countries included in the Index, India is at 62nd position dropping down two spots while Bangladesh, Sri Lanka and Pakistan are ranked 34th, 40th and 47th. Similarly, China has been ranked at 26th position.
Three South Asian economies — Afghanistan, Bhutan and Maldives were not listed in the IDI. Lithuania is at the top of the emerging economies’ chart in IDI this year with 4.86 IDI score. The other top inclusive emerging economies include Hungary, Azerbaijan, Latvia and Poland.
Meanwhile, Norway is at the top spot as the world’s most advanced economy obtaining 6.08 IDI mark. The other four top advanced economies are Iceland, Luxembourg, Switzerland and Denmark.
IDI is a WEF-initiated project which aims to inform and enable sustained and inclusive economic progress through thought leadership and analysis, strategic dialogue and concrete cooperation.