iKBE Position of Qatar Internationally
The World Bank has developed a benchmarking tool based on a so-called knowledge assessment methodology (KAM), to classify iKBEs into an indexing scheme. According to a KAM 2012 report (SME Financing in Canada, 2002), Sweden enjoys a leading position with the highest Knowledge Economy Index (KEI) of 9.43 at worldwide level. At global level, the current status of Qatar in terms of KEI rank, which is a relative global measure, stands at 54th place with a KEI equal to 5.84. Qatar is preceded by all of the Gulf Cooperation Council (GCC) countries except for Kuwait. At the GCC level, Qatar sits at the fifth-place position headed by United Arab Emirates (6.94), Bahrain (6.90), Oman (6.14), and Saudi Arabia (5.96), which have international KEI ranks of 42nd, 43rd, 47th, and 50th, respectively.
The Global Innovation Index (GII) is another measure of iKBEs; Qatar has ranked 41st in the GII in 2013 and 50th in 2015 (GII 2015). Qatar indeed is increasingly spending on assets related to innovation since 2008, which in return builds on innovation-based country progressively; however, it seems that there are countries progressing in innovation at a faster pace, hence the lower ranking of Qatar in 2015 compared with 2013.