Bahrain ranked 25th globally in  2023 World Competitiveness Ranking by IMD

Manama, June 20 (BNA): The Kingdom of Bahrain ranked 25th in the world, advancing five ranks in the Global Competitiveness Ranking issued by the Institute for Administrative Development (IMD). The ranking is a comprehensive report that ranks countries according to how they manage their competencies to achieve long-term value creation.

The report indicated that the Kingdom ranked first in the world in seven indicators, and was among the top 10 countries in the world in 36 indicators.

Bahrain witnessed a remarkable improvement of 16 points in the “economic performance” factor, to rank 23 globally. Its business-friendly environment was also highlighted by 69.4% of executives surveyed for the report, while 61.3% of them cited the kingdom’s skilled workforce as a contributing factor to its economy.

The IMD Global Competitiveness Ranking places Bahrain first in the world in terms of the availability of qualified engineers in the labor market.

The Kingdom also ranked third globally in workforce flexibility and adaptability, third in technological/digital skills, fourth in workforce skills, and sixth globally in financial skills.


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