Bahrain joins IMD World Competitiveness Yearbook 2022 for first time

Bahrain joins IMD World Competitiveness Yearbook 2022 for first time

Bahrain made its debut in the World Competitiveness Yearbook 2022 issued by the International Institute for Management Development (IMD) World Competitiveness Centre. Bahrain’s inclusion in the Yearbook is a testament to the Kingdom’s commitment to fostering a competitive environment necessary for prosperous lives and a thriving business environment. The World Competitiveness Yearbook comprises four factors: Economic Performance, Government Efficiency, Business Efficiency, and Infrastructure, which in turn include 20 sub-factors that cover 333 indicators on competitiveness. The country rankings rely on hard data as well as an executive opinion survey that was disseminated to mid-top-level managements in the private sector. The Kingdom was ranked among the top 10 countries globally in 56 indicators in different areas, including skills of the labor force, gender equality and safety and social harmony. The results indicated that Bahrain has a competitively skilled labour force. As such, Bahrain ranked fourth in having competent senior managers, fifth in Skilled Labor, seventh in Finance Skills, seventh in qualified engineers, seventh in international experience, and eighth in Foreign Highly Skilled Personnel. Bahrain’s social cohesion has ranked eighth globally, reflecting a harmonized society for both Bahrainis and residents. The Kingdom came in first globally in the homicide indicator reflecting the