Frost Radar For Economic Development
Benchmarking Countries for Future Growth Potential
The Frost Radar TM for Economic Development (FR-ED) centers on two key elements of Growth and Innovation,and emphasizes on the ability of countries to foster citizen-centric governance, enhance quality of life of their citizens, and ensure sustained economic development thereby reflecting future growth potential. Frost & Sullivan leverages a robust data-driven indexing methodology to annually track the competitiveness of economies across the globe to help drive investment.
The growth axis evaluates the macroeconomic health of the country by looking at key macroeconomic indicators such as GDP, FDI Investment sentiment, income inequality, social development and the like.
While innovation traditionally refers to technology and R&D, the Frost RadarTM for Economic Development has taken a slightly different approach to represent the implementation of enabling policies & initiatives that spur innovation. Innovation encompasses FSI’s priorities namely Education, Environment, Economics, Healthcare, Infrastructure, Human Rights and Security.
*FR-ED includes 200 countries with a nominal GDP at and above $1 billion (2019) were selected
Our Methodology
How can you Leverage
Frost Radar for Economic Development
(FR-ED)?
Frost Radar for Economic Development, 2020
Top 5 Countries
| Countries | Innovation Index | Growth Index |
|---|---|---|
| Germany | 8.0 | 7.0 |
| Norway | 8.1 | 6.7 |
| United Kingdom | 8.0 | 6.5 |
| Sweden | 7.7 | 6.6 |
| Finland | 7.8 | 6.3 |
* While innovation traditionally refers to technology and R&D, the Frost RadarTM for Economic Development has taken a slightly different approach to represent the implementation of enabling policies & initiatives that spur innovation. Innovation encompasses FSI’s priorities namely Education, Environment, Economics, Healthcare, Infrastructure, Human Rights and Security.
| Countries | Innovation Index | Growth Index |
|---|---|---|
| South Africa | 5.7 | 6.1 |
| Nigeria | 4.6 | 5.2 |
| Egypt | 4.4 | 5.5 |
| Algeria | 4.3 | 5.6 |
| Mauritius | 4.1 | 5.7 |
* While innovation traditionally refers to technology and R&D, the Frost RadarTM for Economic Development has taken a slightly different approach to represent the implementation of enabling policies & initiatives that spur innovation. Innovation encompasses FSI’s priorities namely Education, Environment, Economics, Healthcare, Infrastructure, Human Rights and Security.
| Countries | Innovation Index | Growth Index |
|---|---|---|
| Canada | 7.2 | 6.5 |
| United States | 6.9 | 6.6 |
| Chile | 5.7 | 6.0 |
| Brazil | 5.4 | 5.9 |
| Mexico | 5.1 | 6.2 |
* While innovation traditionally refers to technology and R&D, the Frost RadarTM for Economic Development has taken a slightly different approach to represent the implementation of enabling policies & initiatives that spur innovation. Innovation encompasses FSI’s priorities namely Education, Environment, Economics, Healthcare, Infrastructure, Human Rights and Security.
| Countries | Innovation Index | Growth Index |
|---|---|---|
| Australia | 6.8 | 7.0 |
| Korea | 7.0 | 6.6 |
| New Zealand | 6.4 | 6.9 |
| Japan | 6.2 | 6.9 |
| Singapore | 6.9 | 6.2 |
* While innovation traditionally refers to technology and R&D, the Frost RadarTM for Economic Development has taken a slightly different approach to represent the implementation of enabling policies & initiatives that spur innovation. Innovation encompasses FSI’s priorities namely Education, Environment, Economics, Healthcare, Infrastructure, Human Rights and Security.
| Countries | Innovation Index | Growth Index |
|---|---|---|
| Germany | 8.0 | 7.0 |
| Norway | 8.1 | 6.7 |
| United Kingdom | 8.0 | 6.5 |
| Sweden | 7.7 | 6.6 |
| Finland | 7.8 | 6.3 |
* While innovation traditionally refers to technology and R&D, the Frost RadarTM for Economic Development has taken a slightly different approach to represent the implementation of enabling policies & initiatives that spur innovation. Innovation encompasses FSI’s priorities namely Education, Environment, Economics, Healthcare, Infrastructure, Human Rights and Security.
| Countries | Innovation Index | Growth Index |
|---|---|---|
| United Arab Emirates | 5.7 | 6.8 |
| Saudi Arabia | 5.6 | 6.4 |
| Israel | 5.2 | 6.0 |
| Qatar | 5.1 | 6.6 |
| Kuwait | 4.6 | 6.4 |
* While innovation traditionally refers to technology and R&D, the Frost RadarTM for Economic Development has taken a slightly different approach to represent the implementation of enabling policies & initiatives that spur innovation. Innovation encompasses FSI’s priorities namely Education, Environment, Economics, Healthcare, Infrastructure, Human Rights and Security.
| Countries | Innovation Index | Growth Index |
|---|---|---|
| Poland | 6.8 | 6.5 |
| China | 6.1 | 6.6 |
| Romania | 6.0 | 6.3 |
| United Arab Emirates | 5.7 | 6.8 |
| Russia | 5.9 | 6.2 |
* While innovation traditionally refers to technology and R&D, the Frost RadarTM for Economic Development has taken a slightly different approach to represent the implementation of enabling policies & initiatives that spur innovation. Innovation encompasses FSI’s priorities namely Education, Environment, Economics, Healthcare, Infrastructure, Human Rights and Security.