According to the annual report issued by the World Economic Forum 2019, Saudi Arabia topped the world in the macroeconomic stability index, while it recorded a progression of 3 places in the competitiveness ranking in its overall index, ranking the Kingdom's economy in the 36th place, rising from 39th last year.
Saudi Arabia came third in terms of "technology governance", which measures how quickly the legal framework adapts to technical business models such as e-commerce, participatory economics and the use of financial technologies, after the United States and Germany.
According to the report, Saudi Arabia succeeded in diversifying its economy when it jumped 3 places in the rankings. With regard to the adoption of the telecommunications and information technology sector, the Kingdom ranked 38th in the world, 37th in the institutional level, 34th in infrastructure, and 1st in economic stability. 58 for health, 25 for skills, 19 for production markets, 89 for the labor market, 38 for the financial system, 17 for market size and 36 for innovation.
Source (Asharq Al-Awsat newspaper, acting)
