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​Global Competitiveness Report by WEF

The World Economic Forum published brand new Index the Global Competitiveness Index 4.0. which replaces/supersede the previously called Global Competitiveness Report. The GCI 4.0 focuses on the fourth Industrial revolution as a path for countries competitiveness development. The report measures the competitiveness through different factors that determine an economy’s level of productivity, similarly to GCI 2017. However, WEF experts has stated that “rankings are not comparable with previous Global Competitiveness Report”.

The report ranks 140 countries across 12 pillars; Institutions, Infrastructure, ICT adoption, Macroeconomic stability, Health, Skills, Product market, Labour market, Financial system, Market size, Business dynamism and Innovation capability. The 12 pillars includes 98 indicators of which 34 indicators have been retained from GCR 2017.

Top 10 Countries
  • 1. Switzerland

  • 2. United States

  • 3. Singapore

  • 4. Netherlands

  • 5. Germany

  • 6. Hongkong

  • 7. Sweden

  • 8. United Kingdom

  • 9. Japan

  • 10. Finland

UAE in focus (2018)

The UAE is ranked 27th globally, sustaining its rank from the 2017 back-cast report (in the previous WEF GCR report the UAE was ranked 17th). The UAE scored 73.4 (out of 100), compared to the global leader’s (United States) score of 85.6. The UAE is leading Arab region and is second regionally after Israel (20th). The report has acknowledged UAE’s efforts in implementing policies and reforms to improve the financial sector in the country by introducing the VAT and bankruptcy law. As a result of those efforts the UAE is in the top half globally and is second in MENA region in the Business Dynamism sub-pillar. The UAE ranked in the top 10 globally in 19 out of 98 indicators

UAE ranked 1st globally in the following indicators

1st

Electrification Rate

1st

Mobile-broadband Subscriptions /100 pop

1st

Inflation Annual % Change

1st

Debt Dynamics 0-100
UAE’s performance across the 12 pillars:

1st

Macroeconomic

6th

ICT adoption

11th

Product market

15th

Infrastructure

19th

Institution

28th

Market Size

31st

Financial System

33rd

Business dynamism

35th

Innovation

42nd

Labour Market

53rd

Education & Skills

79th

Health
GCC Rankings






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