IMD World Competitiveness Booklet 2021

COMPETITIVENESS TRENDS - OVERALL UAE

OVERALL PERFORMANCE (64 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Abu Dhabi

2017 2018 2019 2020 2021

71 2020

5

7

3.673 2020 9.28 2020 358.9 2020 70,117 2020 -6.1 2020 -2.07 2020 4.25 2020 7.26 2020 5.85 2020 154.1 2019 4.28 2019

Exchange Rate (per $)

9

9

10

42

Population - market size (millions)

CHALLENGES IN 2021 Putting in place standardized guidelines due to the constant changes happening during COVID-19. • Putting in place standardized guidelines due to the constant changes happening during COVID-19. • Businesses becoming bankrupt due to disturbed supply chains and impacted quality. • Continuing to accelerate regulatory and legislative reforms to adapt to changes related to post COVID-19. • Continue the government’s economic diversification agenda.

32

Gross Domestic Product (GDP) (US$ billions)

6

GDP (PPP) per capita (US$)

45

Real GDP growth (%)

2

Consumer price inflation (%)

12

Unemployment rate (%)

34

Labor force (millions)

10

Current account balance (% of GDP)

37

Direct investment stocks inward ($bn)

Federal Competitiveness & Statistics Authority (FCSA), Dubai Provided by: Federal Competitiveness & Statistics Authority (FCSA), Dubai

14

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

1

1

3 3

4

5

8

10

13

15

16

18

19

20

21

25

31

33

36

39

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

POPULATIONS < 20 MILLION (35 countries)

2017 2018 2019 2020 2021

2017 2018 2019 2020 2021

2

4

4

6

6

6

7

8

8

9

111

IMD WORLD COMPETITIVENESS BOOKLET 2021