Index of Economic Freedom 2019
Bangladesh’s
economic freedom score is 55.6, making its economy the 121st freest in the 2019
Index. Its overall score has increased by 0.5 point, with higher scores on
factors including property rights and government integrity countering declines
in investment freedom and fiscal health. Bangladesh is ranked 27th among 43
countries in the Asia–Pacific region, and its overall score is below the
regional and world averages.
Robust
economic growth of approximately 6 percent annually for two decades has been
driven by a rapid increase in private consumption and fixed investment.
Nevertheless, Bangladesh still grapples with poor infrastructure, endemic
corruption, insufficient power supplies, and slow implementation of economic
reforms. The fragile rule of law continues to undermine economic development.
Corruption and weak enforcement of property rights force workers and small
businesses into the informal economy. Entrepreneurial activity is also hampered
by an uncertain regulatory environment.
No comments