Gulf Nations Rank Among the Most Competitive Economies 2024

Publish date: Monday، 24 June 2024

The UAE has once again proven its economic strength by ranking high in the 2024 World Competitiveness Rankings, released this June by IMD. The ranking evaluates 67 global economies based on factors such as infrastructure, institutional efficiency, and innovative policies. The UAE stands out as the top performer in the Middle East.

Gulf Nations Rank Among the Most Competitive Economies 2024

Qatar, Saudi Arabia, and Bahrain Follow

Following the UAE, Qatar secured the 11th spot, showcasing its ongoing efforts to boost economic performance. Saudi Arabia came in 16th, highlighting its commitment to diversifying its economy. Bahrain also made a strong showing, ranking 21st, which underscores its focus on sustainable growth and development.

World's most competitive economies, 2024.

1. 🇸🇬 Singapore
2. 🇨🇭 Switzerland
3. 🇩🇰 Denmark
4. 🇮🇪 Ireland
5. 🇭🇰 Hong Kong
6. 🇸🇪 Sweden
7. 🇦🇪 UAE
8. 🇹🇼 Taiwan
9. 🇳🇱 Netherlands
10. 🇳🇴 Norway
11. 🇶🇦 Qatar
12. 🇺🇸 USA
13. 🇦🇺 Australia
14. 🇨🇳 China
15. 🇫🇮 Finland
16. 🇸🇦 Saudi Arabia…
— World of Statistics (@stats_feed) June 23, 2024

New Entries and Overall Scope

This year's rankings included new entries like Ghana, Nigeria, and Puerto Rico, expanding the global perspective on economic competitiveness.

Gulf Nations Rank Among the Most Competitive Economies 2024

Competitive Edge

The rankings emphasize that economic success isn't just about high GDP or productivity. Efficient infrastructure, strong institutions, and forward-thinking policies play crucial roles.

The Gulf countries have effectively utilized these elements to enhance their global competitiveness, setting benchmarks for others to follow.

Gulf Nations Rank Among the Most Competitive Economies 2024

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