Bahrain has made impressive strides in the Global Connectedness Index 2024, climbing seven ranks to secure the 25th position globally and becoming the most improving country since 2021. This progress highlights the Kingdom’s growing integration with the global economy, reflecting its ability to attract investment and establish itself as a business-friendly destination. The report evaluates 181 countries based on their connectivity in the domains of Trade, Capital, Information, and People.
One particular area where Bahrain excels is in attracting investment, ranking first globally in Inward Merger & Acquisition percentage of GDP at 19%. This accomplishment underscores the country’s appeal to international businesses and showcases the confidence that the business community has in Bahrain’s economic environment. Additionally, Bahrain demonstrates economic diversity by leading the GCC in the Trade of Services as a percentage of GDP, further solidifying its position as a hub for trade and commerce in the region.
Furthermore, Bahrain has positioned itself as a premier destination for tourists, ranking first in the GCC for Inbound Tourism when measured by departure and arrival per capita. This highlights the Kingdom’s efforts to promote itself as a tourist-friendly location and attract visitors from around the world. Nada Alsaeed, Chief of Strategy at Bahrain Economic Development Board, credits Bahrain’s robust economic strategy and proactive engagement in the international economy for its improved ranking in the Global Connectedness Index.
Overall, Bahrain’s climb in the Global Connectedness Index signifies its dedication to building a resilient and open market economy, actively participating in the global exchange of goods, services, and capital. This progress not only enhances Bahrain’s reputation as a business and investment hub but also solidifies its position as a key player in the global economy. With a strong focus on attracting investment, promoting economic diversity, and boosting tourism, Bahrain continues to strengthen its connections with the rest of the world and establish itself as a leading player in the global marketplace.
