Saudi Arabia has secured 17th place in the latest global competitiveness index, maintaining its position among the world’s top 20 economies and surpassing countries like the UK, Germany, and France. This ranking reflects ongoing improvements in governance, infrastructure, and regulatory frameworks, as well as the country’s efforts to diversify its economy.
The World Competitiveness Ranking, compiled by the International Institute for Management Development, evaluates 69 nations across economic performance, government and business efficiency, and infrastructure. Saudi Arabia’s standing has climbed significantly in recent years, rising from 32nd in 2023 to its current position, highlighting the impact of reforms driven by Vision 2030 and coordinated by the National Competitiveness Center.
Key areas of progress include basic infrastructure, which now ranks seventh globally, and business efficiency, where the Kingdom holds 12th place. International trade and global investment indicators also saw improvements, reflecting growing investor confidence. However, the employment sector and some institutional measures experienced slight declines, pointing to areas needing further attention.
Among Gulf countries, the UAE and Qatar rank even higher, demonstrating the region’s increasing economic influence. While Saudi Arabia’s public finance and tax policy remain strong, challenges persist in social development and education, which continue to require focus to support broader economic goals.
Saudi Arabia’s performance in the competitiveness index underscores its commitment to economic transformation, with ongoing reforms aimed at strengthening productivity, sustainability, and resilience across all sectors.