Bahrain’s economy fourth most competitive in the Arab world: GCI
Manama : Bahrain has been ranked as the fourth most competitive economy in the Arab world on the Global Competitiveness Index (GCI) published by the World Economic Forum.
The United Arab Emirates scored the highest mark among Arab countries, while Saudi Arabia came in at third place.
The Forum bases its assessment on a dozen drivers of competitiveness, including institutions, infrastructure, health and education, market size and the macroeconomic environment.
On the list of 137 economies, Bahrain climbed from the 48th position to 44th by achieving a score of 4.54 on a scale of 7, on a global basis.
The report states that the Middle East and North Africa improved its average performance this year, despite further deterioration in the macroeconomic environment in some countries.
Singapore and the United States stayed in second and third place. The Netherlands overtook Germany for fourth place, while Sweden in sixth spot and Britain in seventh leap-frogged Japan, Hong Kong and Finland.
China remained at the front of the BRICS pack at place 28, India made the biggest gain, rising 16 places to 39th.
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