Bahrain has been listed as the 63rd freest economy in the world out of 180 countries, according to the results of the Index of Economic Freedom 2020.
This was reported as part of a memorandum submitted by the Ministry of Finance and National Economy and reviewed yesterday during the weekly Cabinet meeting, held remotely for the first time.
It was also reported that the Kingdom ranked 41st globally out of 132 countries in the Global Talent Competitiveness Index 2020, and 38th globally out of 137 countries in the Global Entrepreneurship Index.
Additionally, the report highlighted an increase in the number of employees in the private sector, reaching 96,333 employees, an increase of 2.8 per cent. Average monthly salaries for Bahrainis in the private sector increased by 2.4 per cent to BD740, with employment in the private sector expecting to increase.
The Cabinet underscored that the health of citizens within the Kingdom and abroad remains a key priority.