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
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