The Frost Radar for Economic Development determines a region's future growth and development potential by measuring its ability to enhance its citizens' quality of life (QOL). This report explores key strengths and weaknesses of the global economy through country-level assessments of growth and innovation initiatives and then benchmarks each country on these 2 indices. 2022 was marred with multiple exogenous pressures, such as geopolitical tensions, increased volatility, inflationary pressures, tightening credit conditions, and historically high levels of uncertainty. Consequently, global growth is likely to remain subdued in 2023. The Frost Radar for Economic Development: Global, 2023 diagnoses the significant challenges to the global growth environment, including persistent inflation levels, rising debt burdens, and weak fiscal health. In addition, by measuring performance against the major sub-pillars of innovation in education, healthcare, environment, infrastructure, human rights, and security, the Frost Radar offers broad-based insights into the global economic pulse. It also identifies key drivers underpinning global growth momentum, such as a boost to fiscal spending and green investments. In this research, Frost & Sullivan indexes the top 10 economies worldwide to determine what makes them global leaders. The Radar is intended to empower governments, policymakers, investors, and businesses to identify strategic imperatives for future growth.
Frost Radar™ for Economic Development—Global Strategic Imperatives
Frost Radar™ for Economic Development—Growth Environment
Frost Radar™ for Economic Development—Global Challenges
Frost Radar™ for Economic Development—Top 10 Countries
Frost Radar™ for Economic Development—Global Country Ranking
Frost Radar™ for Economic Development—Bright-spot Emerging Markets
Medium-term Bright-spot Economies
Frost Radar™ for Economic Development—Global Competitive Environment
United States
Singapore
Norway
Switzerland
Sweden
Germany
Netherlands
Korea
Canada
Denmark
Index Scores by Country—2023
Index Scores by Country—2023 (continued)
Index Scores by Country—2023 (continued)
Index Scores by Country—2023 (continued)
Index Scores by Country—2023 (continued)
Index Scores by Country—2023 (continued)
Index Scores by Country—2023 (continued)
Index Rank by Country—2023
Index Rank by Country—2023 (continued)
Index Rank by Country—2023 (continued)
Index Rank by Country—2023 (continued)
Index Rank by Country—2023 (continued)
Index Rank by Country—2023 (continued)
Index Rank by Country—2023 (continued)
Significance of Being Among the Frontrunners
Frost Radar™ for Economic Development Empowers Governments/Policymakers
Frost Radar™ for Economic Development Empowers Investors
Frost Radar™ for Economic Development Empowers the CEO’s Growth Team
Frost Radar™ for Economic Development Framework—2 Axes, 7 Priorities
Frost Radar™ for Economic Development—Methodology
Pillar Weightage
Growth Pillar—Indicators and Indicator Weightage
Innovation Pillar—Indicators and Indicator Weightages
Innovation Pillar—Indicators and Indicator Weightages (continued)
Country Group and Country Movement—Methodology for Identifying Countries based on Future Growth Potential
Country Group and Country Movement—Methodology for Identifying Countries based on Future Growth Potential (continued)
Country Group and Country Movement—Methodology for Identifying Countries based on Future Growth Potential (continued)
Country Group and Country Movement—Methodology for Identifying Countries based on Future Growth Potential (continued)
List of Countries—2023
Legal Disclaimer
Frost Radar™: Benchmarking Future Growth Potential 2 Major Indices, 10 Analytical Ingredients, 1 Platform
Growth Index
Growth Index (GI) is a measure of a company’s growth performance and track record, along with its ability to develop and execute a fully aligned growth strategy and vision; a robust growth pipeline system; and effective market, competitor, and end-user focused sales and marketing strategies.
- Market Share (previous 3 years)
This is a comparison of a company’s market share relative to its competitors in a given market space for the previous 3 years. - Revenue Growth (previous 3 years)
This is a look at a company’s revenue growth rate for the previous 3 years in the market/industry/category that forms the context for the given Frost Radar™. - Growth Pipeline
This is an evaluation of the strength and leverage of a company’s growth pipeline system to continuously capture, analyze, and prioritize its universe of growth opportunities. - Vision and Strategy
This is an assessment of how well a company’s growth strategy is aligned with its vision. Are the investments that a company is making in new products and markets consistent with the stated vision? - Sales and Marketing
This is a measure of the effectiveness of a company’s sales and marketing efforts in helping it drive demand and achieve its growth objectives.
Innovation Index
Innovation Index (II) is a measure of a company’s ability to develop products/ services/ solutions (with a clear understanding of disruptive Mega Trends) that are globally applicable, are able to evolve and expand to serve multiple markets and are aligned to customers’ changing needs.
- INNOVATION SCALABILITY
This determines whether an organization’s innovations are globally scalable and applicable in both developing and mature markets, and also in adjacent and non-adjacent industry verticals. - RESEARCH AND DEVELOPMENT
This is a measure of the efficacy of a company’s R&D strategy, as determined by the size of its R&D investment and how it feeds the innovation pipeline. - PRODUCT PORTFOLIO
This is a measure of a company’s product portfolio, focusing on the relative contribution of new products to its annual revenue. - MEGATRENDS LEVERAGE
This is an assessment of a company’s proactive leverage of evolving, long-term opportunities and new business models, as the foundation of its innovation pipeline. - CUSTOMER ALIGNMENT
This evaluates the applicability of a company’s products/services/solutions to current and potential customers, as well as how its innovation strategy is influenced by evolving customer needs.
Significance of Being on the Frost Radar™
Companies plotted on the Frost RadarTM are the leaders in the industry for growth, innovation, or both. They are instrumental in advancing the industry into the future.
- GROWTH POTENTIAL
Your organization has significant future growth potential, which makes it a Company to Action. - BEST PRACTICES
Your organization is well positioned to shape Growth Pipeline™ best practices in your industry. - COMPETITIVE INTENSITY
Your organization is one of the key drivers of competitive intensity in the growth environment. - CUSTOMER VALUE
Your organization has demonstrated the ability to significantly enhance its customer value proposition. - PARTNER POTENTIAL
Your organization is top of mind for customers, investors, value chain partners, and future talent as a significant value provider.
Speak directly with our analytics experts for tailored recommendations.
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| New Title | Economic Development Market – Growth Opportunities, Analysis, Forecast, Global,2023 |
|---|---|
| New Subtitle | United States, Singapore, and Norway Lead in Growth and Innovation |
| Deliverable Type | Frost Radar |
| Author | Nikita Talnikar |
| Industries | Cross Industries |
| No Index | No |
| Is Prebook | No |
| Podcast | No |
| WIP Number | PE67-01-00-00-00 |
Frost Radar™ for Economic Development: Global, 2023
United States, Singapore, and Norway Lead in Growth and Innovation
26-Apr-2023
Global
Frost Radar
