Qatar ranked 17 in The World Competitiveness Yearbook 2021 that is published annually by the International Institute for Management Development (IMD) in Switzerland. Qatar’s rank is out of 64 most highly developed countries.
The ranking was based on national data provided to IMD as well as the result of a survey of business managers that provided their views on Qatar’s economic competitive climate. Areas, where Qatar ranked highly in the report, included economic performance (ranked 11), government efficiency (ranked 6) and business efficiency (ranked 15).
Moreover, Qatar has maintained its ranking at 40 for infrastructure. Qatar’s rank has been positively influenced by many factors including strong economic performance as represented by Qatar’s low unemployment rate (ranked first), consumer price inflation (ranked first), high percentages of government budget surplus/deficit (first) and gross fixed capital formation (second), Central Bank policy (second), transparency (third), entrepreneurship (third). Factors that negatively influenced the rank are a start-up procedures (ranked 54), export concentration by-product (ranked 63) and renewable energies (ranked 64).
Planning and Statistics Authority President Saleh bin Mohammed Al Nabit welcomed the findings of the report stating that despite a slight decline in Qatar’s ranking among the 64 countries, it continues to rank high thanks to the flexibility of the Qatari economy in addressing economic crises and efforts to address the repercussions of the COVID-19 crisis. He said:
Qatar’s consecutive national development strategies set out clear goals 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 IMD World Competitiveness Yearbook 2021 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 13th time.
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