IMD World Competitiveness Booklet 2022

Competitiveness Country Profiles

UAE Competitiveness Trends – Overall

OVERALL PERFORMANCE (63 countries)

BASIC FACTS

Rank

2018

2019

2020

2021

2022

Capital Land area (square km '000)

Abu Dhabi

99 2021

5

7

3.673 2021

Exchange Rate (per $)

9

9

9.56 2021 39 405.5 2021 31 73,582 2021 06 3.8 2021 48 0.19 2021 03 2.90 2021 06 7.27 2021 32 11.83 2021 07 150.9 2020 37 5.57 2020 10

12

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2022

GDP (PPP) per capita (US$)

• Continue the momentum for economic diversification and FDI attraction. • Increase investments in sectors such as space, digital economy and renewable energy. • Equip youth with future skills to seize employment opportunities and diverse career pathways. • Enhance R&D outputs across the spectrum to align with levels of investments and UAE ambition. • Strengthen economic and societal resilience against global and systemic risks.

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: Federal Competitiveness and Statistics Centre (FCSC)

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

2

3

5 4

8

9 9

11 9

16

17

23

25

26

30

31

31

35 36

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

POPULATIONS < 20 MILLION (36 countries)

2018

2019

2020

2021

2022

2018

2019

2020

2021

2022

2

4

4

6

8

8

6

6

10

8

111