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Business and FinanceReligion and Community

Qatar Ranks 17th Globally in the Competitiveness Index

20 Jun, 2021 08:37 AMAl Raya NewspaperIntended Audience
Citizen: Business Owner, Employee
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News Details

The State of Qatar ranked 17th globally in the Competitiveness Index, among (64) countries, most of which are developed countries, according to the Global Competitiveness Year Book for 2021, which is issued annually by the International Institute for Management Development (IMD) in Switzerland. The assessment of competitiveness is based on a set of data and indicators that are provided at the local level, in addition to the results of a survey of a sample of company managers and businessmen on the business environment and the competitiveness of the Qatari economy.

The axes in which the State of Qatar ranked advanced ranks in the report included the economic performance rank (11), government efficiency rank (6), and the business sector efficiency rank (15), while it maintained the rank (40) in the axis Infrastructure. The ranking was positively affected in the various axes as a result of a number of factors, including the low unemployment rate (first rank), consumer price inflation (first rank), and the high percentage of each of the government budget deficit surplus (first rank) and constant capital formation of GDP (second rank), central bank policy (second rank), transparency (third rank), and entrepreneurship (third rank). 

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