Bangladesh moved two notches up in the Global Competitiveness Index, indicating progress in the country's economic efficiency and sophistication.
The country ranked 107 this year, from last year's position 109, among 140 countries in the world, the report of World Economic Forum said.
Centre for Policy Dialogue (CPD) disclosed this year's ranking on behalf of the Geneva-based body in a press conference at Dhaka's Brac Inn on Wednesday.
Bangladesh's progress is primarily because of better performance in macroeconomic environment, health, education and infrastructure, said KG Moazzem, additional research director at CPD.
The report said that India, another South Asian country, has moved up 16 positions to rank 55th on a global index of the world's most competitive economics, where Switzerland remains on top.
Globally, Switzerland has retained its top position as the world's most competitive economy for 7th year in a row. Swizterland is followed by the United States (USA), Singapore, Germany and the Netherlands in the top-five.
It said they are followed by Japan, Hong Kong, Finland, Sweden and the United Kingdom in the top-ten. Centre for Policy Dialogue (CPD) revealed the rankings.
Major Issues highlighted in the survey are: Problematic factors for business, infrastructure, technology, financial environment, foreign trade and investment, business operations and innovation, security, governance, education and human capital, health, travel and tourism, environment and risks, majority of the entrepreneurs are involved in various kinds of industrial activities ,  ownership of medium and large enterprises. The survey period started from 01, 2015 to May 01 2015.