Qatar ranks 17 in world competitiveness yearbook

Qatar ranks 17 in world competitiveness yearbook

Qatar ranked 17 in The World Competitiveness Yearbook 2021 - which is published annually by the International Institute for Management Development (IMD) in Switzerland - out of 64 countries, mostly high developed countries. The ranking was based on national statistics provided to IMD as well as the result of surveying a sample businesses manager who provided their views of Qatar's economy 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. Qatars 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 (ranked first) and gross fixed capital formation (ranked second), Central Bank policy (ranked second), transparency (ranked third), entrepreneurship (ranked third), whereby other factors had negatively influenced the rank as start-up procedures (ranked 54), export concentration by product (ranked 63), renewable energies (ranked 64).