Pakistan's rank in the world economy in 2024 is not explicitly provided by the reference. However, the reference provides Pakistan's ranking in the Global Innovation Index (GII). In the 2024 GII, Pakistan ranks 91st out of 133 economies.
It's important to clarify that the GII measures a country's innovation capabilities, not its overall economic ranking. The GII considers various factors including innovation inputs and outputs and doesn't directly translate to a position in the global economy's size or GDP ranking.
Understanding the Global Innovation Index (GII):
- The GII is a ranking system that evaluates economies based on their capacity for innovation.
- It utilizes roughly 80 indicators, categorized into innovation inputs and outputs.
- Innovation inputs include factors like human capital, research, infrastructure, and business sophistication.
- Innovation outputs consist of results such as knowledge and technology outputs, and creative outputs.
- The GII is a useful tool to understand an economy's innovation potential but should not be confused with an economic ranking based on GDP or market size.
Pakistan's Performance in the GII 2024:
According to the provided information, Pakistan is ranked 91st out of 133 countries in the GII. While this reflects Pakistan's innovation landscape, it doesn’t directly indicate its position in the world economy.
Summary:
| Ranking Type | Pakistan's Rank | Total Economies Assessed |
|---|---|---|
| Global Innovation Index (GII) 2024 | 91st | 133 |
Therefore, it's crucial to differentiate between innovation rankings (like the GII) and global economic rankings when interpreting these numbers. The GII specifically focuses on a nation's capacity for innovation.
