The World Competitiveness Yearbook by IMD
The World Competitiveness Yearbook by International Institute for Management Development uses 340 indicators to draw a picture of how nations and enterprises manage to achieve prosperity or profit. The WCY is the most indicator intensive report that measures competitiveness of countries. This year’s report covers 63 countries, focusing on 4 factors– each of which has 5 sub-factors and a total of 340 indicators.
Top 5 Countries
2. Hong Kong
3. United States
5. United Arab Emirates
UAE in focus (2019)
The UAE has improved by 3 positions from last year to become the 7th globally. The UAE is leading MENA region for the second consecutive year.
UAE’s strongest performance is in the following sub-factors; International Trade (1st), Attitudes and Values (1st), Public Finance (2nd), Labour Market (2nd), Employment (3rd) and Tax policy (3rd). The UAE is leading in 23 indicators out of 340 indicators (1st globally
This year the report covered 6 countries from the MENA region: UAE (5th), Qatar (10th), Israel (24st), Saudi Arabia (26th), Turkey (51th) and Jordan (57nd)
UAE improved in 10 sub-factors, remained unchanged in 4 and decreased in 6 out of 20
UAE has benefited greatly from the improvement in its Business legislation and Societal framework