Qatar ninth in ‘Economic Performance’ globally

Doha: Qatar ranked 18th out of 64 countries, most of which were highly developed economies - in the World Competitiveness Yearbook 2022, which is published annually by the International Institute for Management Development (IMD) in Switzerland.

The ranking was based on national statistics provided to IMD as well as the result of surveying a sample of business managers who provided their views of Qatar’s economic competitiveness climate.

Areas, where Qatar ranked highly in the report, included Economic Performance (ranked 9th), Government Efficiency (7th), Business Efficiency (14th), and improved its rank in Infrastructure (38th).  Qatar’s rank has been positively influenced by many factors including strong economic performance as represented by: Qatar’s low unemployment rate (first), government subsidies (first), cyber security (first), high percentages of government budget surplus/deficit (second), gross fixed capital formation (second), international experience (second), entrepreneurship (third), and use of big data and analysis (third).

Qatar’s competitiveness assessment in IMD World Competitiveness Yearbook 2022 is a collaborative effort between International Institute for Management Development and Planning and Statistics Authority. Qatar has contributed to the IMD Competitiveness Yearbook for the 14th time.