IMD World Competitiveness Booklet 2020

COMPETITIVENESS TRENDS - OVERALL UAE

OVERALL PERFORMANCE (63 countries)

BASIC FACTS Capital Land area (square km '000)

Rank

Abu Dhabi

2016 2017 2018 2019 2020

71 2019

5

7

9

3.673 2019 9.50 2019 421.1 2019 78,293 2019 -1.93 2019 2.19 2019 7.55 2019 7.04 2019 140.3 2018 3.27 2019 1.7 2019

10

Exchange Rate (per $)

15

41

Population - market size (millions)

CHALLENGES IN 2020 Build knowledge-based economy with a focus on innovation, science and modern technology. • Build knowledge-based economy with a focus on innovation, science and modern technology. • Encourage public-private partnerships across sectors, especially in research and development (R&D). • Continue economic diversification efforts that are environmentally sustainable. • Equip young people with 21st century skills to stay competitive in the changing global labor market. • Nurture human capital to ensure high quality of life for all people.

28

Gross Domestic Product (GDP) (US$ billions)

5

GDP (PPP) per capita (US$)

39

Real GDP growth (%)

1

Consumer price inflation (%)

4

Unemployment rate (%)

34

Labor force (millions)

8

Current account balance (% of GDP)

36

Direct investment stocks inward ($bn)

Federal Competitiveness & Statistics Authority (FCSA), Dubai Provided by: Federal Competitiveness & Statistics Authority (FCSA), Dubai

15

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

1

2

3

4

5 6 5

6

10

12

12

15

17

17

19

25

27

34 34

37

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

POPULATIONS < 20 MILLION (34 countries)

2016 2017 2018 2019 2020

2016 2017 2018 2019 2020

2

4

4

6

6

7

8

9

10

11

112

IMD WORLD COMPETITIVENESS BOOKLET 2020