Qatar ranks 17th in the Global Competitiveness Directory

Doha: Qatar ranked 17th in the 2021 World Competitiveness Yearbook – which is published annually by the International Institute for Management Development (IMD in Switzerland – out of 64 countries, mostly highly developed countries.

The ranking was based on national statistics provided to IMD as well as the result of a survey of a sample of business leaders who gave their views on the competitive climate of Qatar’s economy.

Areas where Qatar ranks well in the report include economic performance (ranked 11), government efficiency (ranked 6), and business efficiency (ranked 15). In addition, Qatar maintained its ranking at (40) for infrastructure.

Qatar’s ranking was positively influenced by many factors, including strong economic performance represented by Qatar’s low unemployment rate (ranked # 1), consumer price inflation (ranked # 1), high percentages of government budget surplus / deficit (ranked first) and gross fixed capital training (ranked second), Central Bank policy (ranked second), transparency (ranked third), entrepreneurship (ranked third), where other factors negatively influenced the ranking as start-up procedures (ranked 54), export concentration by product (ranked 63), renewable energy (ranked 64).

HE the Chairman of the Planning and Statistics Authority, Dr Saleh bin Mohammed Al Nabit, welcomed the findings of the report, stating that “despite a slight drop in Qatar’s ranking among the 64 countries, it continues to rank high thanks to the flexibility of Qatar. economy to cope with economic crises and efforts to cope with the repercussions of the Covid-19 crisis. “

His Excellency added that “Qatar’s consecutive national development strategies define clear objectives and interventions in the areas of economic infrastructure and private sector development that will lead to economic and social growth.”

Qatar’s Competitiveness Assessment in the IMD World Competitiveness Yearbook 2021 is a collaborative effort between the International Institute for Management Development and the Planning and Statistical Authority. The State of Qatar has contributed for the 13th time to the IMD Competitiveness Yearbook.