IMD World Competitiveness Booklet 2021

COMPETITIVENESS TRENDS - OVERALL SAUDI ARABIA

OVERALL PERFORMANCE (64 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Riyadh

2017 2018 2019 2020 2021

2,150 2020 3.750 2020 35.01 2020 700.1 2020 46,477 2020 -4.1 2020 3.44 2020 7.40 2020 15.41 2020 -1.63 2020 236.2 2019 0.58 2019

24

26

32

Exchange Rate (per $)

36

39

24

Population - market size (millions)

CHALLENGES IN 2021 Continue to review laws and regulations thoroughly to enable sectors such as e-commerce and tourism. • Continue to review laws and regulations thoroughly to enable sectors such as e-commerce and tourism. • Continue the focus on renewable energy, reducing carbon emissions and achieving climate change targets. • Launch government programs to stimulate new investments, enhancing the economy’s development and resilience. • Develop and manage talent through labor and education reforms to enhance and attract Saudi and foreign skills. • Ongoing efforts to remove obstacles to facilitate SMEs access to funding to help enable youth and entrepreneurs to market their ideas and turn them into products and services. Provided by: NCC, National Competitiveness Center NCC, National Competitiveness Center

20

Gross Domestic Product (GDP) (US$ billions)

21

GDP (PPP) per capita (US$)

29

Real GDP growth (%)

58

Consumer price inflation (%)

38

Unemployment rate (%)

27

Labor force (millions)

50

Current account balance (% of GDP)

26

Direct investment stocks inward ($bn)

55

Direct investment flows inward (% of GDP)

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance

Tax Policy

Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

Management Practices

Attitudes and Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health and Environment Education

6

12

14

16

19

20

28

28

30 32

31

32 32

35

41

44

48

54

54

61

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries)

POPULATIONS > 20 MILLION (29 countries)

2017 2018 2019 2020 2021

2017 2018 2019 2020 2021

9

15

10

16

13

20

14

15

23

26

100

IMD WORLD COMPETITIVENESS BOOKLET 2021