IMD World Competitiveness Booklet 2020

COMPETITIVENESS TRENDS - OVERALL SAUDI ARABIA

OVERALL PERFORMANCE (63 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Riyadh

2016 2017 2018 2019 2020

2,150 2019 3.750 2019 34.22 2019 793.0 2019 55,552 2019 -1.21 2019 5.53 2019 14.50 2019 6.29 2019 230.8 2018 0.58 2019 0.3 2019

24

26

Exchange Rate (per $)

36

39

24

Population - market size (millions)

CHALLENGES IN 2020 Ongoing efforts to raise the regional competitiveness within Saudi Arabia to align with Vision 2030 goals. • Ongoing efforts to raise the regional competitiveness within Saudi Arabia to align with Vision 2030 goals. • Continuing the strategic government initiatives to mitigate economic loss during the Covid-19 pandemic. • Supporting capital investment on Technology to elevate the business environment during and after the Covid-19 pandemic. • Take the economic measures to safeguard jobs, guarantee wages and support the self-employed impacted by the Covid-19 pandemic. • Continuing to invest in the human development across all economic sectors. Provided by: NCC, National Competitiveness Center NCC, National Competitiveness Center

18

Gross Domestic Product (GDP) (US$ billions)

13

GDP (PPP) per capita (US$)

56

Real GDP growth (%)

2

Consumer price inflation (%)

37

Unemployment rate (%)

27

Labor force (millions)

12

Current account balance (% of GDP)

24

Direct investment stocks inward ($bn)

54

Direct investment flows inward (% of GDP)

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

7

10

13 16

14

15

15

22

22

25

25

28

28

29

33

40

41

43

54

55

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

POPULATIONS > 20 MILLION (29 countries)

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020

9

15

10

16

14

15

23

26

101

IMD WORLD COMPETITIVENESS BOOKLET 2020