Bahrain climbs 7 spots to reach 25th rank in Global Connectedness Index

TDT | Manama

The Daily Tribune – www.newsofbahrain.com

Bahrain has achieved impressive results on the Global Connectedness Index 2024, published by international logistics giant DHL, climbing seven ranks to secure the 25th position globally and the most improving country since 2021. This remarkable progress reflects the Kingdom’s growing integration with the global economy.

The report measures 181 countries on how well they integrate and connect with the rest of the world based on international flows across the four main domains of Trade, Capital, Information, and People.

In an impressive display of ability to attract investment, Bahrain now stands as the first globally in Inward Merger & Acquisitions percentage of GDP, representing 19% of its GDP.

This achievement underscores Bahrain’s attractiveness as a destination for investment and indicates the confidence that the international business community has in its business-friendly environment.

Bahrain’s economic diversity is further showcased in its dominance in the Trade of Services as a percentage of GDP, leading the Gulf Cooperation Council (GCC) in this category.

The Kingdom has also emerged as a premier destination for tourists within the region, ranking first in the GCC for Inbound Tourism when measured by departure and arrival per capita.

Nada Alsaeed, Chief of Strategy at Bahrain Economic Development Board (Bahrain EDB), said: “Bahrain’s status as the most improved nation in the Global Connectedness Index stands a witness to its robust economic strategy and proactive engagement in the international economy.

Since last year’s report, the seven-position climb is a testament to Bahrain’s dedication to building a resilient and open market economy that actively participates in the global exchange of goods, services, and capital.”