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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