LBR LBO Summit
LBR LBO Summit

Sri Lanka up two notches in Networked Readiness Index 2016

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July 07, 2016 (LBO) – Sri Lanka has been ranked 63rd among 139 countries in the 2016 Networked Readiness Index showing a marginal improvement on its previous 65th place rank in 2015.

The island nation ranked 76th in 2014 and 69th in 2013 in the Networked Readiness Index.

The index measures how economies use the opportunities offered by information and communications technologies for increased competitiveness and well-being.

Networked Readiness Index 2016 is the main index of the 2016 World Economic Forum’s Global Information Technology Report which was published yesterday.

The Index aggregates data from 53 indicators, organized on the basis of the networked readiness framework.

The drivers are grouped within four subindexes: environment, readiness, usage and impact.

Sri Lanka remains among top five in the region in terms of overall ICT readiness, the index data showed.

Leading the Emerging and Developing Asian economies in 2016 is Malaysia, which continues to perform strongly and moves up one spot to 31st position overall.

The top five in the region in terms of overall ICT readiness remain China, Malaysia, Mongolia, Sri Lanka, and Thailand, as in 2015.

The group of Emerging and Developing Asian countries has been both moving up and converging since 2012.

The 2016 edition of the Networked Readiness Index finds Singapore as the highest-placed country in the world when it comes to networked readiness.

Finland, which topped the ranking in 2014, remains in second place for a second year in a row, followed by Sweden (3rd), Norway (4th) and the United States (5th), which climbed two places.

Making up the rest of the top 10 are the Netherlands, Switzerland, the United Kingdom, Luxembourg and Japan.