UAE ranked ninth in IMD World Competitiveness Yearbook 2020

Abu Dhabi: For the fourth year in a row, the United Arab Emirates is leading the MENA region in the World Institute for Management Development (IMD) World Competitiveness Yearbook 2020, issued by the World Competitiveness Centre in Switzerland.

According to the yearbook, the UAE is ninth among the most competitive countries in the world.

The UAE maintained its position to be the only Arab nation among the top 10 competitive countries in the world in 2020, ahead of the United States, Ireland, Finland, Luxembourg, Germany, and the United Kingdom, that succeeded in asserting itself in the Big Ten Club in the World Competitiveness Yearbook for four years in a row.

According to the results of the report, UAE ranked first globally in 23 indicators and sub-factors, while it ranked among the top five globally in 59 indicators and in top ten globally in 106 indicators, out of 338 indicators covered by the report this year, Emirates News Agency (WAM) reported.

The UAE leads in seven factors at the sub-factors level and achieved an improvement in seven factors. It ranked first globally in the 'labour market' factor, fifth globally in the employment factor and  sixth place in the pricing factor. The UAE also advanced in other sub-factors, such as the social framework, education, and technology, health and the environment infrastructures, while maintaining its rank unchanged in two sub-factors - 'attributes and values' (second in the world) and 'tax policy' (third).




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