The UAE ranked first in the Arab world and 25th globally, in the Global Competitiveness Report 2019 issued by the World Economic Forum (Davos). The report, which assesses the competitiveness of 141 countries, noted that the UAE was two places ahead of the overall ranking of the previous year.
The UAE has made remarkable progress on the level of indicators, where it advanced in 52 competitive indicators from last year, and maintained its performance in 27 indicators out of the 103 competitive indicators monitored by the report. The UAE also ranks among the top five countries in 19 global indices, and among the top 20 countries globally in 57 indices, more than half of the indicators the report tracks this year.
At the level of the main and sub-axes, the UAE ranked first globally in the "stabilization of the national economy" and second globally in the "axis of adoption of ICT" and fourth globally in the "axis of commodity markets." It has advanced in eight of the 12 main axes: Institutions, Infrastructure, ICT Adoption, Education and Skills, Commodity Market Efficiency, Labor Market Efficiency and Business Dynamics. And the "innovation capacity" axis.
Source (Al-Khaleej newspaper, Edited)
