HOMEMASS MEDIAXavier in the NewsReport: Saudi Arabia 3rd most competitive in the Arab world
29 September 2016
Report: Saudi Arabia 3rd most competitive in the Arab world
Mass media - News Sala i Martín

Saudi Arabia ranks third in the Arab World, according to The Global Competitiveness Report 2016-2017, which was published Tuesday.

The report said the Arab world economies are among the top 30 most competitive in the world: These are UAE (16, up 1); Qatar (18, down 4) and Saudi Arabia (29th, down 4). The highest oil-importing economy is Jordan (up 1 to 63).

“The drop in energy prices has heightened the urgency of advancing competitiveness agendas across the Arab world. With three economies in the top thirty; the United Arab Emirates (16); Qatar (18); and Saudi Arabia (29) there remains a clear need for all energy-exporting nations to further diversify their economies and for much greater effort to improve basic competitiveness among the region’s energy-importing nations,” the report noted.


“To me, the interest in economic growth comes from the fact that it is potentially so important for improving human welfare. The Global Competitiveness Report helps us understand the drivers of growth and this edition comes at a time of stalling productivity, the main determinant of future growth,” said Xavier Sala-i-Martin, Professor of Economics at Columbia University.


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