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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