IMD World Competitiveness Booklet 2023

UAE Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

Abu Dhabi

99 2022

5

3,673 2022

Exchange rate (per $)

9

9

10

9,89 2022 38 507,1 2022 28 82.363 2022 06 7,9 2022 05 20,18 2022 61 2,20 2022 05 7,44 2022 32 17,02 2022 05 171,6 2021 36 4,98 2021 14

12

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2023

GDP (PPP) per capita (US$)

• Continue the momentum for economic diversification and FDI attraction. • Minimize the negative impact of industrial development on the environment. • Equip youth with skills to seize employment opportunities and diversify career pathways. • Foster the business environment to diversify exports, moving away from an oil-based economy. • Implement the right integration of fiscal and monetary policies to aid in overcoming the volatility of the global recession.

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 Center (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 & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

2

4 1

4

6

6

8

9

16

16

18

20

22

25

25

26

31

33

35 36

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

POPULATIONS < 20 MILLION (37 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

2

4

8

8

8

6

6

6

10

8

116 Competitiveness Country Profiles