Bahrain achieves top rankings on DHL’s Global Connectedness Index 2024
The Kingdom of Bahrain posted impressive results on the Global Connectedness Index 2024, published by international logistics giant DHL, climbing seven ranks to secure the 25th position globally and second in the Middle East and North Africa (MENA) region.
These rankings serve to highlight Bahrain’s significant role in the international trade ecosystem. The Kingdom has effectively leveraged its strategic location and logistics capabilities to integrate with global markets, facilitating free trade flows with 25 countries, which provides duty-free access to 32% of the World’s GDP.
The report measures the integration and connectivity of 181 countries based on international flows across the four main strands – trade, capital, information and people. Bahrain is now ranked first globally in respect of Inward Merger & Acquisitions. Inward M&A now represents 19% of GDP, underscoring Bahrain’s attractiveness as a destination for investment and confidence in its business-friendly environment.
Bahrain is now also ranked first in the Gulf Cooperation Council (GCC) states for the Trade of Services as a percentage of GDP category and the Inbound Tourism when measured by departure and arrival per capita category.
“Bahrain’s status as the most improved nation in the Global Connectedness Index stands as witness to its robust economic strategy and proactive engagement in the international economy,” said Nada Alsaeed, Chief of Strategy at Bahrain Economic Development Board (Bahrain EDB).
“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.”
These accomplishments reflect Bahrain’s successful efforts to diversify its economy and enhance its priority sectors, including tourism, which continues to grow and contribute to the Kingdom’s sustainable economic growth. Bahrain’s nominal GDP increased from around USD11 billion in 2003 to over USD43 billion in 2023, an average annual growth of 7%.
“Bahrain has consistently invested in its infrastructure, regulatory reforms, and digital transformation, creating an ecosystem that supports innovation, diversification, and global collaboration,” said Nabil Khoury, Managing Partner of Sovereign Trust Consultancy (Bahrain). “These efforts have not only enhanced the Kingdom’s competitiveness on the world stage but have also fostered a resilient economy.
