Global Competitiveness Index 2011-2012 for the Arab World
In economic terms, the Arab world is a highly diverse region, which is reflected in the levels of economic performance across the countries. Per capita GDP for 2010 ranges from a high of US$ 76,167 in Qatar, one of the wealthiest economies in the world. while some countries are highly dependent on their abundant energy resources, other economies are more diversified, with relatively better-educated labor forces and benefitting from geographical proximity and facilitated access to the large European market.
A basic comparison of the competitiveness rankings of Arab world economies to other countries is presented for informational purposes in the Table .
Country | Rank | Score |
Qatar | 14 | 5.24 |
Saudi Arabia | 17 | 5.17 |
United Arab Emirates | 27 | 4.89 |
Oman | 32 | 4.64 |
Kuwait | 34 | 4.62 |
Bahrain | 37 | 4.54 |
one of the fastest-growing and most prosperous economies in the world, reaffirms its position as the most competitive economy in the Gulf region at 14th overall. Its strong performance rests on solid foundations made up of a high-quality institutional framework (14th), a stable macroeconomic environment (5th), and an efficient goods market (17th). Low levels of corruption and undue influence on government decisions, highly efficient government institutions,
and high levels of security are the cornerstones of the country’s very solid institutional framework. These institutional attributes provide good foundations for efficiency.
Variables | Rank | Score |
Institutions | 14 | 5.39 |
Infrastructure | 27 | 5.17 |
Macroeconomic Environment | 5 | 6.40 |
Health and primary education | 22 | 6.28 |
Goods market efficiency | 17 | 5.04 |
Labor market efficiency | 22 | 4.86 |
Technological readiness | 33 | 4.74...