Iran climbs 16 places in WB’s LPI global ranking
Iran climbs 16 places in WB’s LPI global ranking[stm_post_details]
TEHRAN – According to the World Bank (WB)’s latest report, “International LPI Global Ranking 2016”, Iran’s Logistics Performance Index (LPI) has jumped 16 places to rank 96th compared to the 2012 report..
Based on the report, Iran’s LPI index stood at 2.6 for 2016 which shows a 0.11 raise compared to 2.49 in 2012.
The WB data indicated that among countries with the same level of income (upper middle income) Iran’s LPI stood higher by 0.08 for 2016, the figures were reported to be 2.6 versus 2.52 for Iran and the income group respectively.
The WB’s collected data for 2007-2014 showed that among the “same income group” countries, those with better logistics performances witnessed one percent growth in their gross domestic product (GDP) and also two percent increase in trade.
The Logistics Performance Index is an interactive benchmarking tool created to help countries identify the challenges and opportunities they face in their performance on trade logistics and what they can do to improve their performance.
It is based on the countries’ performances in six different areas including customs, infrastructure, international shipments, logistics competence, tracking & tracing and timeliness.
Iran’s Customs Administration has set the improvement of such logistics performance indicators as one of its strategic priorities and is pursuing this objective by setting up the comprehensive system of customs affairs and creating single-window trade system.