IMD World Competitiveness Booklet 2022

Competitiveness Country Profiles

Bahrain Competitiveness Trends – Overall

OVERALL PERFORMANCE (63 countries)

BASIC FACTS

Rank

2018

2019

2020

2021

2022

Capital Land area (square km '000)

Manama

1 2021

0.376 2021

Exchange Rate (per $)

30

1.50 2021 59 39.1 2021 57 52,774 2021 21 2.2 2021 57 -0.61 2021 01 5.90 2021 32 0.73 2021 59 6.66 2021 13 31.7 2020 55 2.97 2020 15

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2022

GDP (PPP) per capita (US$)

• Achieve fiscal targets amid global fluctuations in oil prices. • Achieve a post-COVID economic growth driven by the Economic Recovery Plan. • Implementation of renewable energy and carbon emission reduction initiatives to achieve target net zero emissions target by 2060. • Continue driving business climate reforms to attract foreign direct investments and maintain a conducive business environment.

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

Direct investment flows inward (% of GDP)

PROVIDED BY: Ministry of Finance and National Economy

COMPETITIVENESS LANDSCAPE

Economic Performance Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

1

3

11 12

15

20

21

21

29

35

35

38

39

39 35

41

54

55

56

59

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries)

POPULATIONS < 20 MILLION (36 countries)

2018

2019

2020

2021

2022

2018

2019

2020

2021

2022

20

22

55