IMD World Competitiveness Booklet 2022

Saudi Arabia Competitiveness Trends – Overall

OVERALL PERFORMANCE (63 countries)

BASIC FACTS

Rank

2018

2019

2020

2021

2022

Capital Land area (square km '000)

Riyadh

2,150 2021 3.750 2021

24

24

26

32

Exchange Rate (per $)

39

35.33 2021 22 833.5 2021 17 49,569 2021 24 3.2 2021 53 3.06 2021 33 6.86 2021 41 14.57 2020 24 6.62 2021 14 241.9 2020 27 0.77 2020 46

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2022

GDP (PPP) per capita (US$)

• Continue the economic diversification and reform efforts to attract foreign investment. • Continue the efforts to promote renewable energy and reducing carbon emissions. • Close the gap between the output of higher education and the requirements of the job market. • Emphasize digital transformation in health, education and commerce sectors to support the economy. • Ongoing government endeavors to achieve the targets of Saudi 2030 vision throughout all economic, social, and environmental aspects.

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

Direct investment flows inward (% of GDP)

PROVIDED BY: NCC, National Competitiveness Center

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

11 11 10

14

19

20

25 21

29

30 27

30 30

31

37

44

49

52

55

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (40 countries)

POPULATIONS > 20 MILLION (27 countries)

2018

2019

2020

2021

2022

2018

2019

2020

2021

2022

8

9

15

10

16

17

13

20

15

26

100 Competitiveness Country Profiles

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