Qatar ranks 18th globally in competitiveness index

By A Robin - June 16, 2022

Qatar

The State of Qatar ranked 18th globally in the Competitiveness Index, among 64 countries, most of which are developed countries, according to the World Competitiveness Yearbook for 2022, which is issued annually by the International Institute for Management Development (IMD) in Switzerland.

The assessment of competitiveness is based on a set of data and indicators that are provided at the local level, in addition to the results of a survey of a sample of company managers and businessmen on the business environment and the competitiveness of the Qatari economy.

The axes in which the State of Qatar ranked high in the report included the economic performance rank 9, government efficiency rank 7, and the business sector efficiency rank 14, while it maintained rank 38 in the axis infrastructure.

The ranking was positively affected in the various axes as a result of a number of factors, including the low unemployment rate (first rank), government subsidies (first rank), cybersecurity (first rank), the high percentage of each of the government budget deficit surplus (second rank), and constant capital formation of GDP (second rank), international experience (second rank), entrepreneurship (third rank), and big data analysis (third rank).

HE President of the Planning and Statistics Authority Dr. Saleh bin Mohammed Al Nabit welcomed those results, saying that despite the slight decline in Qatar's ranking among the 64 countries, it still occupies an advanced position, thanks to the resilience of its economy in overcoming economic crises.

He explained that successive national development strategies have made progress in the field of economic infrastructure, and in the field of developing the private sector by organizing partnership with the public sector in a manner that contributes to achieving economic growth and diversification in order to achieve the goals of Qatar National Vision 2030.

The State of Qatar's part in the World Competitiveness Yearbook for 2022 is the fruit of continuous cooperation between the IMD and the PSA. This is the 14th consecutive time that Qatar has participated in the World Competitiveness Yearbook.