18/10/2018 08:06 AST

The World Bank has announced its inaugural Human Capital Index, with Bahrain coming in the lead for the MENA region. Focusing on health and education, the Index measures how productive a child born today will be by the time they turn 18, where the Kingdom’s score increased by 6% since the research project started in 2012.

Bahrain’s performance was most notable in education, where it ranked first in the GCC region and around the world for the number of years a child spends at school, averaging 13.3 years per child by the time they reach the age of 18.

Equally, it was also in the first quartile for key health measures such as adult survival rates (the percentage of 15-year olds living until they are 60), and child survival rates (the percentage of children living until they are five).

Khalid Al Rumaihi, Chief Executive of the Bahrain Economic Development Board (EDB), said: “The World Bank’s Human Capital Index is yet another testament of Bahrain’s high performance in key measures of economic and social sustainability. In the past few years, Bahrain witnessed major developments in the health and education sectors, where today the UNDP’s Human Development Index ranks Bahrain in the very high human development category, with our ranking improving 13.4% between 1990 and 2017.

“Bahrain recognizes that improving the skills, health and knowledge of the country’s population is crucial to the future development of our Kingdom, and it is particularly pleasing to see our efforts reflected in this index.”

Compared to its regional peers, Bahrain’s Human Capital Index is marginally higher for females than it is for males, specifically because of higher education attainment, while health outcomes for females and males are nearly identical.

The World Bank set up the Human Capital project to draw more attention to the fact that the improvement of human capital is crucial to sustainable economic growth and poverty reduction. Investing in human capital is even more important as advances in science and technology changes the way we live and work.


Saudi Gazette

Ticker Price Volume
SIPCHEM 20.10 899,828
APPC 48.05 453,535
SABIC 120.60 5,510,302
SACCO 47.50 122,955
ALMARAI 46.40 235,704
EXTRA 59.10 111,604
SAICO 11.30 335,188
GCC’s economy continues recovery, seen at 3% in ’19

14/11/2018

Economic growth in the energy-rich Gulf will recover in 2018 from a contraction last year but remains vulnerable to volatility in crude oil prices, the IMF said on Tuesday.

The global lend

Saudi Gazette

IMF: KSA reform program in right direction but needs to ‘scale up’

14/11/2018

Saudi Arabia’s reform process is heading in the right direction, but the Kingdom needs to “scale up” in certain areas of the economy, according to the International Monetary Fund (IMF).

The

Arab News

Qatar, Kuwait to drive GCC growth in 2018 and ’19: IMF

14/11/2018

Qatar’s FIFA 2022--linked infrastructure investments and Kuwait’s implementation of five-year development plans will be the GCC growth triggers in 2018 and 2019. The ongoing preparations for Expo 202

The Peninsula

IMF projects UAE’s economic growth at 3.7 per cent in 2019

14/11/2018

The UAE economy is projected to grow at 2.9 per cent in 2018 and 3.7 per cent in 2019 against an estimated growth of 0.8 per cent, according to the latest regional economic outlook report from the In

Gulf News

Japanese investments in Abu Dhabi hit Dhs6.1b by 2017

14/11/2018

The size of Japanese investments in Abu Dhabi reached approximately Dhs6.1 billion by end of 2017, while the number of trade licenses issued to Japanese investors in Abu Dhabi reached 32.

The Gulf Today