The Kingdom of Saudi Arabia improved eight places from the previous year in the Global Competitiveness Yearbook Report, published by the International Institute for Management Development’s Global Competitiveness Center (IMD).
Saudi Arabia ranked 24 out of 63 most competitive countries in the world.
According to the report, the Kingdom recorded the second-best progress among the countries measured, while the indicators of the report showed that the Kingdom ranked 7 among the G20 countries
It has outperformed countries with advanced economies in the world such as South Korea, France, Japan, Italy, India, Argentina, Indonesia, Mexico, Brazil, and Turkey.
The (IMD) report aims to analyze the ability of countries to create, maintain and develop a supportive and stimulating environment for competitiveness.
This report is the most comprehensive in measuring the advantages of the most competitive countries, as it compares 63 countries based on 4 main axes, along with 20 sub-axes, and more than 330 sub-indicators.
The Kingdom ranked among the top ten countries globally in a large number of sub-indicators, most notably: adapting to government policy, digital transformation in companies, and long-term workforce growth.
The information and statistical data that the General Authority for Statistics provides periodically and permanently is one of the tools that help international organizations and institutions to measure the performance of the Saudi economy.
The Global Competitiveness Yearbook report, published by the Global Competitiveness Center of (IMD) in Lausanne, Switzerland, is one of the most important reference reports for international organizations and institutions, alongside the World Economic Forum’s Global Competitiveness Report (WEF).