One of the top ten countries
The UAE was ranked 9th in the IMD World Competitiveness Yearbook 2020, issued by the World Competitiveness Centre of the World Institute for Management Development (IMD). It is ahead of countries such as the United States of America, Ireland, Finland, Luxembourg, Germany and the United Kingdom. It is the only Arab country to have maintained its position among the top 10 competitive countries for 4 years in a row.
The World Competitiveness Yearbook (WCY) evaluated 63 countries on 338 indicators which are spread across 4 factors: economic performance, government efficiency, business efficiency and infrastructure. Each of these 4 factors are further sub-divided into 5 sub-factors.
The UAE’s performance
The UAE’s performance in the 4 main factors is as follows:
- 3rd in government efficiency
- 4th in economic performance
- 7th in business efficiency
- 28th in infrastructure.
The following chart shows the 20 sub-factors and the UAE’s rank in each of those:
Click on the image and zoom in for a larger view.
Image source: IMD World Competitiveness Online
The UAE showed an improvement in 7 sub-factors, including:
- Labour Market (1st place globally)
- Employment (5th globally in)
- Pricing (6th place in)
- Social framework Education
- Technology infrastructure
- Health and the environment
The UAE was ranked 1st in 23 indicators. Some of the indicators are:
- Bureaucracy Absence
- Immigration Laws
- Redundancy Costs
- Low Central Government Foreign Debt
- Tax Evasion
- Collected Personal Income Tax (%)
- Collected Indirect Tax Revenues (%)
- Real Personal Taxes
- The percentage of Females in Parliament
- Labor Force out of the total population
- Working Hours
- Competent Senior Managers
- Industrial Disputes and Foreign Labor Force
- Dependency Ratio
- Public-Private Partnership and Environmental Laws.
The UAE was ranked among the top 5 in 59 indicators and in top 10 in 106 indicators.
Read the news coverage on WAM and Federal Competitiveness and Statistics Centre.