Jordan ranks 6th among Arab countries on int'l competitiveness report

Jordanian flag Amman
(File photo: Jordan News)
AMMAN — According to the International Institute for Management Development's (IMD) 2023 World Competitiveness Ranking, Jordan came in sixth place among Arab nations and was placed 54th overall out of the 64 nations evaluated, moving up two spots from last year.اضافة اعلان

The report, which is issued annually and ranks global economies and their ability to thrive, indicated that the most prominent challenges facing the Jordanian economy are the continuing risks in the global economic environment resulting from geopolitical crises and their repercussions on supply chains, energy, and food prices, and the burden of hosting Syrian refugees and diminishing international financial support to meet their development needs, in addition to the high rates of unemployment and poverty.

According to the report, the Kingdom moved up one spot from the previous year to take 63rd place on the economic performance indicator, the Jordan News Agency, Petra, reported.

Jordan moved up three positions on the government efficiency indicator to rank 44th, two spots on the infrastructure indicator from 55th to 53rd this year, and nine spots on the business efficiency indicator to 45th place internationally.

The UAE topped the list of Arab countries on the World Competitiveness Report, ranking tenth globally, followed by Qatar, which ranked 12th globally, and Saudi Arabia, which ranked 17th globally.

On the international sphere, Denmark ranked first on the World Competitiveness Report for the second year in a row, followed by Ireland in second place, and Switzerland in third place.

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