IMD World Competitiveness Ranking
The IMD World Competitiveness Centre analysed and ranked 67 countries on economic performance, government efficiency, business efficiency and infrastructure. The UAE was ranked 7th globally in the IMD World Competitiveness Ranking 2024, issued by the World Competitiveness Centre of the International Institute for Management Development (IMD).
The UAE’s performance
The UAE was ranked 7th globally in the IMD World Competitiveness Ranking 2024, issued by the World Competitiveness Centre of the International Institute for Management Development (IMD). It was ranked 1st in the Middle East and North Africa region for the 8th consecutive year.
Its global ranking in the various factors is as follows:
- 2nd in economic performance
- 4th in government efficiency
- 10th in business efficiency
- 25th in infrastructure.
Its global ranking in the various sub-factors is as follows:
- 2nd in employment
- 2nd in public finance
- 3rd in labour market
- 3st in international trade
- 5th in tax policy
- 6th in domestic economy
- 7th in attitudes and values
- 8th in basic infrastructure
- 8th in business legislation.
Methodology
The IMD World Competitiveness Centre ranking analysed and ranked the capacities of 67 countries to create and maintain an environment, which sustains the competitiveness of enterprises.
Ranking divides the national environment into four main factors:
- economic performance
- government efficiency
- business efficiency
- infrastructure.
Each of these factors is divided into 5 sub-factors, which highlight every facet of the areas analysed. These 20 sub-factors comprise 336 criteria. Each sub-factor, regardless of the number of criteria it contains, has the same weight in the overall consolidation of results.
The results of the 20 sub-factors is aggregated to get the total consolidation, leading to the overall ranking of the IMD World Competitiveness ranking.
View the UAE's profile in the IMD World Competitiveness Ranking 2024.