EghtesadOnline: Iran has registered one of the notable changes on the index of Growth Promise Indicators in 2018 by jumping six spots compared to last year’s survey to score 4.13 out of 10 and rank 98 out of 180 countries.
This was announced by KPMG, a Holland-based global network of professional firms providing audit, tax and advisory services.
Country-specific raw data on debt, trade, education, life expectancy, technology, government transparency and many other categories were funneled through a weighting system developed by expert analysts and translated into scores in five areas: macroeconomic stability; openness to catch up; infrastructure; human capital and institutional strength. The composite of these five resulted in a single GPI score, the highest being held by the Netherlands and Switzerland. For each category, a higher value (from zero to 10) denotes a strictly better outcome for the country.
Iran earned 7.02 out of 10 in macroeconomic stability, the country’s highest score among all categories, 5.36 in human development, 3.11 in quality of infrastructure and 4.29 in quality of institutions, Financial Tribune reported.
The lowest score Iran gained, that is 1.05, was in openness category. Fourteen of the top 20 countries are European.
Based in Amstelveen, the Netherlands, KPMG is one of the Big Four auditors, along with Deloitte, Ernst & Young, and PricewaterhouseCoopers.