Including the dynamics of GNI per capita and foreign central government debt

The UAE is among the top 20 globally in 12 competitive indicators for national accounts

The Competitiveness Yearbook confirmed that the UAE economy is capable of facing challenges and sustaining development.

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Three international references specialized in competitiveness included the UAE among the top 20 in the world in 12 indicators related to the national accounts sector during 2020.

The indicators adopted by the recent annual reports of the United Nations Development Programme, the World Economic Forum and the International Institute for Management Development, include sectors in national accounts that ranged from the dynamics of gross national income per capita, foreign central government debt, GDP per capita, to the trade-to-GDP ratio. .

first place

The monitoring carried out by the Federal Competitiveness and Statistics Center for the reports of these international references shows that the UAE ranked first in the world in debt dynamics, as documented by the "Global Competitiveness Report 4.0", issued by the World Economic Forum.

It also ranked first in the world in the foreign central government debt sector, according to the Yearbook of Global Competitiveness, issued by the International Institute for Management Development.

The yearbook also included, in its monitoring of the international competitiveness of performance, the UAE in fifth place, in terms of GDP per capita, as well as in total public government debt, while the UAE ranked eighth globally in the competitiveness of the current account balance relative to GDP, and in the 10th place in Total productivity (purchasing power ratio), and 11th in the ratio of trade to GDP, a peculiarity in which the UAE leads the Middle East and North Africa countries as a gateway to international trade

Facing challenges

In its expectations of actual growth in GDP, despite the developments of the “Corona” pandemic that affected the global economy during 2020, the Yearbook of Global Competitiveness, issued by the International Institute for Management Development, listed the UAE in 14th place in the world.

This documented the ability of the UAE economy to face challenges and sustain development.

It also ranked the same in the current account balance.

In monitoring the average per capita purchasing power, the actual growth, it ranked the UAE 20th globally.

Purchasing power

The World Human Development Report, issued by the United Nations Development Program, listed the average purchasing power per capita in the UAE economic cycle as the seventh in the world.

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