Staff Reporter /Doha
Qatar has improved its overall social and economic conditions, thus securing 30th position among 143 countries, as gauged by SEDA (Sustainable Economic Development Assessment) of Boston Global Consulting Group (BCG).
Placing in the top quartile after ranking 30th from 143 countries in the latest SEDA scores, Qatar has made strong improvements across several SEDA dimensions, said the new report ‘Measure Well-Being to Improve It: The 2019 SEDA’.
Qatar’s wealth to well-being coefficient rose in comparison to 2008’s score, with the report labelling the nation’s overall well-being performance as ‘good and improving’. Evaluation of Qatar’s performance over the last 12 years, income and employment has been Qatar’s top performing dimension, it said, adding more recently, Qatar has recorded notable improvements in economic stability and infrastructure performance.
“Qatar has emerged as a strong global performer across most SEDA dimensions – both in 2019 and over the last 12-year period, evident by the country’s performance when compared to the rest of the world.
This is a testimony of the country’s continued focus on building a sustainable and continuously developing system,” said Harold Haddad, Partner and managing director at BCG.
In spite of a strong performance across many dimensions, the report also found that Qatar could benefit from increased attention towards further improving its focus on certain areas such as economic stability, education and environment, as the country lags behind global peers on these dimensions.
“We believe Qatar’s overall well-being performance could benefit from intensified investment into education, economic stability and environment to remain competitive amongst global leaders,” Haddad said. Using SEDA scores, BCG examines how well countries are able to convert their wealth (as reflected in income per capita) into well-being, thus arriving at wealth to well-being coefficient, which compares a country’s SEDA score with the score that would be expected given the country’s per capita income.
The coefficient thus provides a relative indicator of how well a country has converted its wealth into the well-being of its population.
“Governments today face massive challenges, including the disruption created by rapid technological advances,” said Joao Hrotko, a BCG partner and co-author of the report. Highlighting that those factors would change what it takes for both public — and private-sector players to succeed in the next decade; it said governments in particular must gain deep insight into the experiences of their citizens in order to address potentially overlooked problems, including social inequality.
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