{"id":16372,"date":"2024-04-07T07:33:56","date_gmt":"2024-04-07T07:33:56","guid":{"rendered":"https:\/\/strategyopt.com\/?post_type=global_indices&#038;p=16372"},"modified":"2024-06-19T07:40:51","modified_gmt":"2024-06-19T07:40:51","slug":"future-of-growth-index","status":"publish","type":"global_indices","link":"https:\/\/strategyopt.com\/ar\/global_indices\/future-of-growth-index\/","title":{"rendered":"Future of Growth Index"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"16372\" class=\"elementor elementor-16372\" data-elementor-post-type=\"global_indices\">\n\t\t\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-2e8757e elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"2e8757e\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-72d19b6\" data-id=\"72d19b6\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-8ccaf6b elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"8ccaf6b\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-510aaa3\" data-id=\"510aaa3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2e3ab43 elementor-hidden-desktop elementor-hidden-tablet elementor-hidden-mobile elementor-widget elementor-widget-eael-adv-tabs\" data-id=\"2e3ab43\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"eael-adv-tabs.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t        <div data-scroll-on-click=\"no\" data-scroll-speed=\"300\" id=\"eael-advance-tabs-2e3ab43\" class=\"eael-advance-tabs eael-tabs-horizontal eael-tab-auto-active \" data-tabid=\"2e3ab43\">\n            <div class=\"eael-tabs-nav \">\n                <ul class=\"eael-tab-inline-icon\" role=\"tablist\">\n                                            <li id=\"description\" class=\"inactive eael-tab-item-trigger eael-tab-nav-item\" aria-selected=\"true\" data-tab=\"1\" role=\"tab\" tabindex=\"0\" aria-controls=\"description-tab\" aria-expanded=\"false\">\n                            \n                                                                <i class=\"far fa-file-alt\"><\/i>                                                            \n                                                            <span class=\"eael-tab-title title-after-icon\" >Description<\/span>                            \n                                                    <\/li>\n                                            <li id=\"methodology\" class=\"inactive eael-tab-item-trigger eael-tab-nav-item\" aria-selected=\"false\" data-tab=\"2\" role=\"tab\" tabindex=\"-1\" aria-controls=\"methodology-tab\" aria-expanded=\"false\">\n                            \n                                                                <i class=\"far fa-lightbulb\"><\/i>                                                            \n                                                            <span class=\"eael-tab-title title-after-icon\" >Methodology<\/span>                            \n                                                    <\/li>\n                                            <li id=\"analysis\" class=\"inactive eael-tab-item-trigger eael-tab-nav-item\" aria-selected=\"false\" data-tab=\"3\" role=\"tab\" tabindex=\"-1\" aria-controls=\"analysis-tab\" aria-expanded=\"false\">\n                            \n                                                                <i class=\"fas fa-flask\"><\/i>                                                            \n                                                            <span class=\"eael-tab-title title-after-icon\" >Analysis<\/span>                            \n                                                    <\/li>\n                    \n                                  <\/ul>\n            <\/div>\n            \n            <div class=\"eael-tabs-content\">\n\t\t        \n                    <div id=\"description-tab\" class=\"clearfix eael-tab-content-item inactive\" data-title-link=\"description-tab\">\n\t\t\t\t        <p>The Future of Growth Report 2024 introduces a multidimensional framework to assess the quality of economic growth across 107 countries globally. It characterizes nations\u2019 economic growth across four pillars: Innovativeness; Inclusiveness; Sustainability; and Resilience.<br \/>The Future of Growth Report stresses on looking beyond quantity in assessing economic growth rather also assessing the underlying nature and quality of growth in which it is achieved that ultimately matters most for positive economic, societal and environmental outcomes.<\/p>                    <\/div>\n\t\t        \n                    <div id=\"methodology-tab\" class=\"clearfix eael-tab-content-item inactive\" data-title-link=\"methodology-tab\">\n\t\t\t\t        <p>The starting point for the framework is an overview of a country\u2019s recent economic growth performance, measured by three core indicators: GDP per capita, GDP growth, and GDP per capita growth over the past five years. <br \/>For each of the four pillars it gives a score of 0-100 for all the indicators under these pillars. Then averaging them to get a fina score for each pillar.<\/p>                    <\/div>\n\t\t        \n                    <div id=\"analysis-tab\" class=\"clearfix eael-tab-content-item inactive\" data-title-link=\"analysis-tab\">\n\t\t\t\t        <p>The Future of Growth Report 2024 offers a detailed examination of Bahrain&#8217;s economic development status through four pillars: Innovativeness, Inclusiveness, Sustainability, and resilience.<\/p><p><strong><u>Innovativeness<\/u><\/strong><\/p><p>Bahrain achieved a score of 53.4 in the Innovativeness pillar, which is above the global average of 45.2 but below the high-income group average of 59.4.<\/p><p>Among GCC countries, Bahrain is ranked fourth.<\/p><p><strong>Strengths<\/strong>:<\/p><ul><li>The availability of digital and technology talent is a significant asset, driven by effective educational initiatives and training programs.<\/li><li>Comprehensive mobile network coverage facilitates connectivity and supports innovation.<\/li><li>Bahrain&#8217;s robust framework for long-term, venture, and SME finance availability encourages entrepreneurial activities and innovation.<\/li><li>A strong digital payments infrastructure and high exports of advanced services reflect an advanced and innovative financial sector.<\/li><li>High scores in policy vision and stability, along with regulatory quality, create a conducive environment for innovation and business development.<\/li><\/ul><p><strong>Areas for Improvement<\/strong>:<\/p><ul><li>Bahrain&#8217;s education attainment levels need enhancement to support broader innovation.<\/li><li>Low R&amp;D expenditure and lower outputs in patent applications, scientific publications, and trademark applications highlight the need for increased focus and investment in research activities<\/li><\/ul><p><strong><u>Inclusiveness <\/u><\/strong><\/p><p>Bahrain scored 55.7 in the Inclusiveness pillar, slightly below the global average of 55.9.<\/p><p>Among GCC countries, Bahrain is ranked fifth.<\/p><p><strong>Strengths:<\/strong><\/p><ul><li>High levels of individual internet usage indicate robust digital inclusion.<\/li><li>Significant progress in social mobility, access to safe drinking water, and financial services.<\/li><li>Affordable ICT costs facilitate greater access to technology and services for a broader population.<\/li><\/ul><p><strong>Areas for Improvement<\/strong>:<\/p><ul><li>Addressing wealth inequality and improving income distribution are critical challenges.<\/li><li>Enhancing gender parity in the labor force remains an important area for progress.<\/li><\/ul><p><strong><u>Sustainability <\/u><\/strong><\/p><p>Bahrain\u2019s score in the Sustainability pillar is 30.8, which is significantly below the global average of 46.8.<\/p><p>Among GCC countries, Bahrain is ranked fifth.<\/p><p><strong>Strengths<\/strong>:<\/p><ul><li>Bahrain performs well in maintaining biodiversity, indicating some strengths in environmental conservation.<\/li><\/ul><p><strong>Areas for Improvement<\/strong>:<\/p><ul><li>High greenhouse gas emissions, low renewable energy consumption, and agricultural environmental damage are critical concerns.<\/li><li>Addressing total waste generation and improving waste management practices are necessary.<\/li><li>Increased investment in renewable energy and stronger regulatory frameworks are required to improve sustainability.<\/li><\/ul><p><strong><u>Resilience <\/u><\/strong><\/p><p>This pillar evaluates a country\u2019s ability to withstand and recover from economic, social, and environmental shocks. Bahrain scored 47.9 in the Resilience pillar, below the global average of 52.7. Among GCC countries, Bahrain is ranked sixth.<\/p><p><strong>Strengths<\/strong>:<\/p><ul><li>High scores in old-age dependency, foreign labor hiring, and investment in reskilling indicate strong human capital management.<\/li><li>Robust infrastructure and resilient financial systems support economic stability.<\/li><\/ul><p><strong>Areas for Improvement<\/strong>:<\/p><ul><li>Low numbers of health workers, hospital beds and insufficient diversification in energy sources and water resources.<\/li><li>Vulnerabilities in food and commodity supply concentration need addressing.<\/li><li>Challenges in bank system default risk and bank concentration.<\/li><li>Limited participation in environmental treaties suggests a need for greater international cooperation on sustainability issues.<\/li><\/ul><p><strong>Conclusion<\/strong><\/p><p>Bahrain&#8217;s performance in the Future of Growth Report 2024underscores its strengths in innovation and inclusiveness but highlights significant challenges in sustainability and resilience:<\/p><ol><li><strong>Innovativeness<\/strong>: Bahrain is above the global average but needs to bolster R&amp;D and education attainment to reach high-income country standards.<\/li><li><strong>Inclusiveness<\/strong>: Close to the global average, with strong digital inclusion, but wealth inequality and gender parity need improvement.<\/li><li><strong>Sustainability<\/strong>: Significantly below the global average, necessitating urgent environmental reforms and investment in renewable energy.<\/li><li><strong>Resilience<\/strong>: Below the global average, with strengths in human capital and financial systems, but healthcare and resource management need enhancement.<\/li><\/ol>                    <\/div>\n\t\t                    <\/div>\n        <\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9801706 elementor-widget elementor-widget-the7-accordion\" data-id=\"9801706\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"the7-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion the7-adv-accordion\" data-accordion-type=\"accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h4 id=\"elementor-tab-title-1591\" class=\"elementor-tab-title the7-accordion-header deactive-default\" data-tab=\"1\" role=\"tab\" aria-controls=\"elementor-tab-content-1591\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-caret-down\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-tab-icon elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-icon\"><i class=\"far fa-file-alt\"><\/i><\/div>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" href=\"\">Description &amp; Methodology<\/a>\n\t\t\t\t\t<\/h4>\n\t\t\t\t\t<div id=\"elementor-tab-content-1591\" class=\"elementor-tab-content elementor-clearfix deactive-default\" data-tab=\"1\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-1591\"><h4>Description<\/h4><p>The Future of Growth Report 2024 introduces a multidimensional framework to assess the quality of economic growth across 107 countries globally. It characterizes nations\u2019 economic growth across four pillars: Innovativeness; Inclusiveness; Sustainability; and Resilience.<br \/>The Future of Growth Report stresses on looking beyond quantity in assessing economic growth rather also assessing the underlying nature and quality of growth in which it is achieved that ultimately matters most for positive economic, societal and environmental outcomes.<\/p><h4>Methodology<\/h4><p>The starting point for the framework is an overview of a country\u2019s recent economic growth performance, measured by three core indicators: GDP per capita, GDP growth, and GDP per capita growth over the past five years. <br \/>For each of the four pillars it gives a score of 0-100 for all the indicators under these pillars. Then averaging them to get a fina score for each pillar.<\/p><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-48639b6 elementor-widget elementor-widget-heading\" data-id=\"48639b6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h4 class=\"elementor-heading-title elementor-size-default\"><a href=\"#Analysis2\">Analysis<\/a><\/h4>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-e2cb0e5 elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"e2cb0e5\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2030269\" data-id=\"2030269\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-75941d6 elementor-widget elementor-widget-the7-heading\" data-id=\"75941d6\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"the7-heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"the7-heading-title elementor-size-default\">Future of Growth Scores of the Four Dimensions <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-3c0bb4d elementor-widget elementor-widget-text-editor\" data-id=\"3c0bb4d\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p style=\"text-align: center;\">(Score from 0-100)<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-0fc62ae elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"0fc62ae\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-9134173\" data-id=\"9134173\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-0ba7538 elementor-widget__width-inherit elementor-widget elementor-widget-html\" data-id=\"0ba7538\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div style=\"width: 100%; height: auto;\">\r\n  <canvas id=\"Chart5\" style=\"width: 100%;\"><\/canvas>\r\n<\/div>\r\n\r\n<script src=\"https:\/\/cdn.jsdelivr.net\/npm\/chart.js\"><\/script>\r\n\r\n<script>\r\n  const ctx5 = document.getElementById('Chart5');\r\n\r\n  new Chart(ctx5, {\r\n    type: 'line',\r\n    data: {\r\n      labels: ['Singapore','Qatar', 'UAE', 'Saudi Arabia','Bahrain','Kuwait', 'Oman', 'World'],\r\n      datasets: [{\r\n        label: 'Innovation',\r\n        data: [76.43,58.73,57.55,55.91,53.4,40.96,48.31,45.2],\r\n        borderWidth: 5,\r\n        borderColor: 'rgba(255, 99, 132, 1)',\r\n        backgroundColor: 'rgba(255, 99, 132, 0.2)',\r\n        fill: false\r\n      }, {\r\n        label: 'Inclusiveness',\r\n        data: [69.53,56.39,56.08,55.93,55.69,52.58,55.67,55.91],\r\n        borderWidth: 5,\r\n        borderColor: 'rgba(54, 162, 235, 1)',\r\n        backgroundColor: 'rgba(54, 162, 235, 0.2)',\r\n        fill: false\r\n      }, {\r\n        label: 'Sustainability',\r\n        data: [39.95,37.41,38.89,35.02,30.81,29.75,42.65,46.83\r\n],\r\n        borderWidth: 5,\r\n        borderColor: 'rgba(255, 206, 86, 1)',\r\n        backgroundColor: 'rgba(255, 206, 86, 0.2)',\r\n        fill: false\r\n      }, {\r\n        label: 'Resilience',\r\n        data: [63.55,59.27,64.56,56.49,47.94,51.77,55.72,52.75],\r\n        borderWidth: 5,\r\n        borderColor: 'rgba(75, 192, 192, 1)',\r\n        backgroundColor: 'rgba(75, 192, 192, 0.2)',\r\n        fill: false\r\n      }]\r\n    },\r\n    options: {\r\n                responsive: true, \/\/ Enable responsiveness\r\n      maintainAspectRatio: false, \/\/ Allow the chart to be resized\r\n      scales: {\r\n        y: {\r\n          reverse: false,\r\n          beginAtZero: false\r\n        }\r\n      },\r\n      plugins: {\r\n        legend: {\r\n          position: 'bottom'\r\n        }\r\n      }\r\n    }\r\n  });\r\n<\/script>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-12c0f41 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"12c0f41\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5f0189e\" data-id=\"5f0189e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ae70999 elementor-widget elementor-widget-spacer\" data-id=\"ae70999\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4546e87 elementor-widget elementor-widget-the7-heading\" data-id=\"4546e87\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"the7-heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"the7-heading-title elementor-size-default\">GDP per Capita PPP (2023)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-52a80b1 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"52a80b1\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-67358c9\" data-id=\"67358c9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-8381e16 elementor-widget elementor-widget-spacer\" data-id=\"8381e16\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b1bb71 elementor-widget elementor-widget-the7-heading\" data-id=\"6b1bb71\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"the7-heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"the7-heading-title elementor-size-default\">Average GDP per capita growth (2018-2023)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4865494 elementor-widget elementor-widget-html\" data-id=\"4865494\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div style=\"width: 100%; height: auto;\">\r\n  <canvas id=\"Chart7\" style=\"width: 100%;\"><\/canvas>\r\n<\/div>\r\n\r\n<script src=\"https:\/\/cdn.jsdelivr.net\/npm\/chart.js\"><\/script>\r\n\r\n<script>\r\n  const ctx7 = document.getElementById('Chart7');\r\n\r\n  new Chart(ctx7, {\r\n    type: 'bar',\r\n    data: {\r\n      labels: ['Singapore','Qatar', 'UAE', 'Saudi Arabia','Bahrain','Kuwait', 'Oman', 'World'],\r\n      datasets: [{\r\n        label: 'GDP per Capita PPP (2023)',\r\n        data: [2,0.3,0.8,0.2,0.5,-1.6,-1.3,0.91],\r\n        borderWidth: 5,\r\n        borderColor: 'rgba(54, 162, 235, 1)',\r\n        backgroundColor: 'rgba(54, 162, 235, 0.2)',\r\n        fill: false\r\n      }]\r\n    },\r\n    options: {\r\n                responsive: true, \/\/ Enable responsiveness\r\n      maintainAspectRatio: false, \/\/ Allow the chart to be resized\r\n      scales: {\r\n        y: {\r\n          reverse: false,\r\n          beginAtZero: true\r\n        },\r\n        x: {\r\n          reverse: false,\r\n          beginAtZero: false\r\n        }\r\n      },\r\n      plugins: {\r\n        legend: {\r\n          position: 'bottom'\r\n        }\r\n      }\r\n    }\r\n  });\r\n<\/script>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-50c4639 elementor-widget elementor-widget-html\" data-id=\"50c4639\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div style=\"width: 100%; height: auto;\">\r\n  <canvas id=\"Chart6\" style=\"width: 100%;\"><\/canvas>\r\n<\/div>\r\n\r\n<script src=\"https:\/\/cdn.jsdelivr.net\/npm\/chart.js\"><\/script>\r\n\r\n<script>\r\n  const ctx6 = document.getElementById('Chart6');\r\n\r\n  new Chart(ctx6, {\r\n    type: 'bar',\r\n    data: {\r\n      labels: ['Singapore','Qatar', 'UAE', 'Saudi Arabia','Bahrain','Kuwait', 'Oman', 'World'],\r\n      datasets: [{\r\n        label: 'GDP per Capita PPP (2023)',\r\n        data: [108733,93297,72671,55918,49597,42286,32133,19092],\r\n        borderWidth: 5,\r\n        borderColor: 'rgba(54, 162, 235, 1)',\r\n        backgroundColor: 'rgba(54, 162, 235, 0.2)',\r\n        fill: false\r\n      }]\r\n    },\r\n    options: {\r\n                responsive: true, \/\/ Enable responsiveness\r\n      maintainAspectRatio: false, \/\/ Allow the chart to be resized\r\n          indexAxis: 'y',\r\n      scales: {\r\n        y: {\r\n          reverse: true,\r\n          beginAtZero: false\r\n        },\r\n        x: {\r\n          reverse: false,\r\n          beginAtZero: false\r\n        }\r\n      },\r\n      plugins: {\r\n        legend: {\r\n          position: 'bottom'\r\n        }\r\n      }\r\n    }\r\n  });\r\n<\/script>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-9693da2 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9693da2\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-2f9f045\" data-id=\"2f9f045\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e39f52b elementor-widget elementor-widget-spacer\" data-id=\"e39f52b\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ef6a4c4 elementor-widget elementor-widget-the7-heading\" data-id=\"ef6a4c4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"the7-heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"the7-heading-title elementor-size-default\">Average GDP growth (2018-2023)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ad88114 elementor-widget elementor-widget-html\" data-id=\"ad88114\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div style=\"width: 100%; height: auto;\">\r\n  <canvas id=\"Chart8\" style=\"width: 100%;\"><\/canvas>\r\n<\/div>\r\n\r\n<script src=\"https:\/\/cdn.jsdelivr.net\/npm\/chart.js\"><\/script>\r\n\r\n<script>\r\n  const ctx8 = document.getElementById('Chart8');\r\n\r\n  new Chart(ctx8, {\r\n    type: 'bar',\r\n    data: {\r\n      labels: ['Singapore','Qatar', 'UAE', 'Saudi Arabia','Bahrain','Kuwait', 'Oman', 'World'],\r\n      datasets: [{\r\n        label: 'GDP per Capita PPP (2023)',\r\n        data: [2.9,1.8,2.9,2.3,2.4,0.1,1.7,1.86],\r\n        borderWidth: 5,\r\n        borderColor: 'rgba(54, 162, 235, 1)',\r\n        backgroundColor: 'rgba(54, 162, 235, 0.2)',\r\n        fill: false\r\n      }]\r\n    },\r\n    options: {\r\n                responsive: true, \/\/ Enable responsiveness\r\n      maintainAspectRatio: false, \/\/ Allow the chart to be resized\r\n      scales: {\r\n        y: {\r\n          reverse: false,\r\n          beginAtZero: true\r\n        },\r\n        x: {\r\n          reverse: false,\r\n          beginAtZero: false\r\n        }\r\n      },\r\n      plugins: {\r\n        legend: {\r\n          position: 'bottom'\r\n        }\r\n      }\r\n    }\r\n  });\r\n<\/script>\r\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-c81af34 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c81af34\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5040f40\" data-id=\"5040f40\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-faeceb5 elementor-widget elementor-widget-menu-anchor\" data-id=\"faeceb5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"menu-anchor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-menu-anchor\" id=\"Analysis2\"><\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9a00fbc elementor-widget elementor-widget-spacer\" data-id=\"9a00fbc\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ce48cc1 elementor-widget elementor-widget-the7-accordion\" data-id=\"ce48cc1\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"the7-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion the7-adv-accordion animate-on-loading\" data-accordion-type=\"accordion\" role=\"tablist\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<h4 id=\"elementor-tab-title-2161\" class=\"elementor-tab-title the7-accordion-header active-default\" data-tab=\"1\" role=\"tab\" aria-controls=\"elementor-tab-content-2161\">\n\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-caret-down\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-caret-up\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-tab-icon elementor-accordion-icon elementor-accordion-icon-right\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-icon\"><i class=\"fas fa-flask\"><\/i><\/div>\n\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" href=\"\">Analysis<\/a>\n\t\t\t\t\t<\/h4>\n\t\t\t\t\t<div id=\"elementor-tab-content-2161\" class=\"elementor-tab-content elementor-clearfix active-default\" data-tab=\"1\" role=\"tabpanel\" aria-labelledby=\"elementor-tab-title-2161\"><h6><strong>Innovativeness<\/strong><\/h6><p style=\"padding-left: 40px;\">Bahrain achieved a score of 53.4 in the Innovativeness pillar, which is above the global average of 45.2 but below the high-income group average of 59.4.<\/p><p style=\"padding-left: 40px;\">Among GCC countries, Bahrain is ranked fourth.<\/p><p style=\"padding-left: 40px;\"><strong>Strengths<\/strong>:<\/p><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li>The availability of digital and technology talent is a significant asset, driven by effective educational initiatives and training programs.<\/li><li>Comprehensive mobile network coverage facilitates connectivity and supports innovation.<\/li><li>Bahrain&#8217;s robust framework for long-term, venture, and SME finance availability encourages entrepreneurial activities and innovation.<\/li><li>A strong digital payments infrastructure and high exports of advanced services reflect an advanced and innovative financial sector.<\/li><li>High scores in policy vision and stability, along with regulatory quality, create a conducive environment for innovation and business development.<\/li><\/ul><\/li><\/ul><\/li><\/ul><p style=\"padding-left: 40px;\"><strong>Areas for Improvement<\/strong>:<\/p><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li>Bahrain&#8217;s education attainment levels need enhancement to support broader innovation.<\/li><li>Low R&amp;D expenditure and lower outputs in patent applications, scientific publications, and trademark applications highlight the need for increased focus and investment in research activities<\/li><\/ul><\/li><\/ul><\/li><\/ul><h6><strong>Inclusiveness <\/strong><\/h6><p style=\"padding-left: 40px;\">Bahrain scored 55.7 in the Inclusiveness pillar, slightly below the global average of 55.9.<\/p><p style=\"padding-left: 40px;\">Among GCC countries, Bahrain is ranked fifth.<\/p><p style=\"padding-left: 40px;\"><strong>Strengths:<\/strong><\/p><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li>High levels of individual internet usage indicate robust digital inclusion.<\/li><li>Significant progress in social mobility, access to safe drinking water, and financial services.<\/li><li>Affordable ICT costs facilitate greater access to technology and services for a broader population.<\/li><\/ul><\/li><\/ul><\/li><\/ul><p style=\"padding-left: 40px;\"><strong>Areas for Improvement<\/strong>:<\/p><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li>Addressing wealth inequality and improving income distribution are critical challenges.<\/li><li>Enhancing gender parity in the labor force remains an important area for progress.<\/li><\/ul><\/li><\/ul><\/li><\/ul><h6><strong>Sustainability <\/strong><\/h6><p style=\"padding-left: 40px;\">Bahrain\u2019s score in the Sustainability pillar is 30.8, which is significantly below the global average of 46.8.<\/p><p style=\"padding-left: 40px;\">Among GCC countries, Bahrain is ranked fifth.<\/p><p style=\"padding-left: 40px;\"><strong>Strengths<\/strong>:<\/p><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li>Bahrain performs well in maintaining biodiversity, indicating some strengths in environmental conservation.<\/li><\/ul><\/li><\/ul><\/li><\/ul><p style=\"padding-left: 40px;\"><strong>Areas for Improvement<\/strong>:<\/p><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li>High greenhouse gas emissions, low renewable energy consumption, and agricultural environmental damage are critical concerns.<\/li><li>Addressing total waste generation and improving waste management practices are necessary.<\/li><li>Increased investment in renewable energy and stronger regulatory frameworks are required to improve sustainability.<\/li><\/ul><\/li><\/ul><\/li><\/ul><h6><strong>Resilience <\/strong><\/h6><p style=\"padding-left: 40px;\">This pillar evaluates a country\u2019s ability to withstand and recover from economic, social, and environmental shocks. Bahrain scored 47.9 in the Resilience pillar, below the global average of 52.7. Among GCC countries, Bahrain is ranked sixth.<\/p><p style=\"padding-left: 40px;\"><strong>Strengths<\/strong>:<\/p><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li>High scores in old-age dependency, foreign labor hiring, and investment in reskilling indicate strong human capital management.<\/li><li>Robust infrastructure and resilient financial systems support economic stability.<\/li><\/ul><\/li><\/ul><\/li><\/ul><p style=\"padding-left: 40px;\"><strong>Areas for Improvement<\/strong>:<\/p><ul><li style=\"list-style-type: none;\"><ul><li style=\"list-style-type: none;\"><ul><li>Low numbers of health workers, hospital beds and insufficient diversification in energy sources and water resources.<\/li><li>Vulnerabilities in food and commodity supply concentration need addressing.<\/li><li>Challenges in bank system default risk and bank concentration.<\/li><li>Limited participation in environmental treaties suggests a need for greater international cooperation on sustainability issues.<\/li><\/ul><\/li><\/ul><\/li><\/ul><h6><strong>Conclusion<\/strong><\/h6><p style=\"padding-left: 40px;\">Bahrain&#8217;s performance in the Future of Growth Report 2024underscores its strengths in innovation and inclusiveness but highlights significant challenges in sustainability and resilience:<\/p><ol><li style=\"list-style-type: none;\"><ol><li style=\"list-style-type: none;\"><ol><li><strong>Innovativeness<\/strong>: Bahrain is above the global average but needs to bolster R&amp;D and education attainment to reach high-income country standards.<\/li><li><strong>Inclusiveness<\/strong>: Close to the global average, with strong digital inclusion, but wealth inequality and gender parity need improvement.<\/li><li><strong>Sustainability<\/strong>: Significantly below the global average, necessitating urgent environmental reforms and investment in renewable energy.<\/li><li><strong>Resilience<\/strong>: Below the global average, with strengths in human capital and financial systems, but healthcare and resource management need enhancement.<\/li><\/ol><\/li><\/ol><\/li><\/ol><\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-4ce48b9 elementor-widget elementor-widget-text-editor\" data-id=\"4ce48b9\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Source: <a href=\"https:\/\/www.weforum.org\/publications\/the-future-of-growth-report\/\">https:\/\/www.weforum.org\/publications\/the-future-of-growth-report\/<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section data-particle_enable=\"false\" data-particle-mobile-disabled=\"false\" class=\"elementor-section elementor-top-section elementor-element elementor-element-82870b8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"82870b8\" data-element_type=\"section\" data-e-type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-975f58d\" data-id=\"975f58d\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-78697cd elementor-align-center elementor-widget elementor-widget-the7_button_widget\" data-id=\"78697cd\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"the7_button_widget.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\"><a href=\"https:\/\/strategyopt.com\/ar\/global-indices-2023\/\" class=\"box-button elementor-button elementor-size-xl\">Back<\/a><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Description Methodology Analysis The Future of Growth Report 2024 introduces a multidimensional framework to assess the quality of economic growth across 107 countries globally. It characterizes nations\u2019 economic growth across four pillars: Innovativeness; Inclusiveness; Sustainability; and Resilience.The Future of Growth Report stresses on looking beyond quantity in assessing economic growth rather also assessing the underlying&hellip;<\/p>\n","protected":false},"featured_media":0,"template":"","index_category":[],"class_list":["post-16372","global_indices","type-global_indices","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/strategyopt.com\/ar\/wp-json\/wp\/v2\/global_indices\/16372","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/strategyopt.com\/ar\/wp-json\/wp\/v2\/global_indices"}],"about":[{"href":"https:\/\/strategyopt.com\/ar\/wp-json\/wp\/v2\/types\/global_indices"}],"version-history":[{"count":66,"href":"https:\/\/strategyopt.com\/ar\/wp-json\/wp\/v2\/global_indices\/16372\/revisions"}],"predecessor-version":[{"id":17275,"href":"https:\/\/strategyopt.com\/ar\/wp-json\/wp\/v2\/global_indices\/16372\/revisions\/17275"}],"wp:attachment":[{"href":"https:\/\/strategyopt.com\/ar\/wp-json\/wp\/v2\/media?parent=16372"}],"wp:term":[{"taxonomy":"index_category","embeddable":true,"href":"https:\/\/strategyopt.com\/ar\/wp-json\/wp\/v2\/index_category?post=16372"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}