The Frost Radar™ for Economic Development determines a region's future growth and development potential measured by its ability to enhance its quality of life for its citizens. This report explores key strengths and weaknesses of the global economy through country-level assessments of growth and innovation initiatives and benchmarks each country on these 2 indices.
The global economy, which was gradually recovering from the pandemic in 2021, has gone into an uncertain period of moderate growth in 2022 caused by the Russo-Ukrainian War that has led to unprecedented global inflation. Elevated price levels, heightened disruption in global supply chains, and tightening credit conditions are weighing on consumer and business sentiment across geographies. This Frost Radar™ diagnoses the significant challenges to the global growth environment, including inflation, thinning margins for fiscal and monetary policy maneuvers, and rising debt levels. Moreover, by measuring performance against the major Innovation sub-pillars of Education, Healthcare, Environment, Infrastructure, Citizen Centricity, and Security, the Frost Radar™ offers broad-based insights into the global economic pulse and identifies key drivers supporting global growth momentum, such as fiscal consolidation, macro-prudential policies, and thrust to green investments.
In this research, Frost & Sullivan indexes the top 10 economies worldwide to determine what makes them global leaders in economic development. Frost & Sullivan intends this Radar™ to empower governments, policymakers, investors, and businesses to identify strategic imperatives for future growth.
Key Issues Addressed
- What are the strategic imperatives for governments across the globe?
- Which countries are the global leaders in innovation?
- Which countries are the global leaders in growth?
- What forces are driving change globally?
- What policies and plans have aided economic growth?
Author: Rituparna Majumder

Frost Radar™: Global Economic Development—Strategic Imperatives
Frost Radar™: Global Economic Development—Growth Environment
Frost Radar™: Global Economic Development—Challenges
Frost Radar™: Global Economic Development—An Overview
Frost Radar™: Global Economic Development—Top 10 Countries, Global
Frost Radar™: Global Economic Development—Country Ranking
Frost Radar™: Global Economic Development—Competitive Environment
The United States
Norway
The United Kingdom
Frost Radar™: Global Economic Development Framework—2 Axes, 7 Priorities
Frost Radar™: Global Economic Development—Methodology
Frost Radar™: Global Economic Development—Methodology for Identifying Countries Based on their Future Growth Potential
List of Countries
The Growth Axis—Economy, Investment, Citizens
The Innovation Axis—Six Pillars of Social Priorities
Index Scores by Country, 2022
Index Scores by Country, 2022 (continued)
Index Scores by Country, 2022 (continued)
Index Scores by Country, 2022 (continued)
Index Scores by Country, 2022 (continued)
Index Scores by Country, 2022 (continued)
Index Scores by Country, 2022 (continued)
Index Rank by Country, 2022
Index Rank by Country, 2022 (continued)
Index Rank by Country, 2022 (continued)
Index Rank by Country, 2022 (continued)
Index Rank by Country, 2022 (continued)
Index Rank by Country, 2022 (continued)
Index Rank by Country, 2022 (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
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.
Key Issues Addressed
- What are the strategic imperatives for governments across the globe
- Which countries are the global leaders in innovation
- Which countries are the global leaders in growth
- What forces are driving change globally
- What policies and plans have aided economic growth
Author: Rituparna Majumder
| Deliverable Type | Frost Radar |
|---|---|
| Author | Rituparna Majumder |
| Industries | Cross Industries |
| No Index | No |
| Is Prebook | No |
| Podcast | No |
| WIP Number | PCD4-01-00-00-00 |
Frost Radar™: Global Economic Development, 2022
Norway and the United Kingdom Hold Steady as the United States Joins Global Leaders
27-Jul-2022
Global
Frost Radar
