The Hashemite Kingdom of Jordan ranked fourth in the Arab world and the 58th globally among the most competitive countries, according to the 32nd edition of the annual book on global competitiveness issued by the International Competitiveness Center of the International Institute for Administrative Development (UNCTAD).
In spite of the slight decline in the performance of Jordan in this year’s report, by an average of one point, the matter is considered evidence of the stability of the Jordanian economy in the difficult circumstances facing the world today. Whereas, signs of weakness began to appear on the global economy late last year, and later the consequences of the Coronavirus pandemic began to overshadow various aspects of social and economic life around the world.
Despite the current situation, Jordan was able to enhance its competitiveness in a number of the report's indicators, especially the long-term indicators, which is in line with Jordan achieving the 2025 vision: global trade, prices, tax policy, business legislation, technological infrastructure, and education. They are essential indicators in order to facilitate the establishment and development of business in the Kingdom, especially in the digital framework that dominates the business world, and that changes the nature of business and the ways in which our economies operate.
Source (Al-Dustour Newspaper-Jordan, Edited)
