Kuwait maintained its fifth position on the General Index of Arab Economies Competitiveness, issued by the Arab Monetary Fund under the title: “Competitiveness of Arab Economies”, advancing three places (from 13 to 10) when compared with the nine reference countries used from several regions.
The United Arab Emirates ranked first, Saudi Arabia ranked second, Qatar third, Bahrain, Kuwait and Oman ranked fourth, fifth and sixth, respectively.
At the level of the Arab countries and comparative countries, Kuwait ranked 10th in the list of economic competitiveness, which was topped by Singapore, followed by the Emirates, then South Korea, Saudi Arabia, then Malaysia, followed by Qatar, Thailand, Spain, and Bahrain.
On the index of net foreign assets growth rate, Kuwait ranked second in the Arab world after the UAE, with a net foreign assets growth rate of 5.05 percent from 2016 to 2019, while it ranked third among the lowest in the Gulf countries in non-performing loans after Qatar and Saudi Arabia. As for the business environment index, Kuwait ranked 15th at the group level in starting a business, 12th in the property registration index, and the same place in consumer protection. As for the indicators of the institutional sector and good governance, Kuwait ranked 15th on the government effectiveness index, 11th on the rule of law, and 16th in administrative corruption.
Source (Al-Rai Newspaper-Kuwait, Edited)
