(MENAFN- The Peninsula) By Lani Rose R Dizon I The Peninsula
Qatar ranked second most competitive Arab economy, and 29th globally out of the 141 countries assessed this year, according to The Global Competitiveness Report 2019 which was published yesterday by the World Economic Forum (WEF). Qatar moved up one rank from last year's 30th place out of 140 countries, which reflects the country's continued global competitiveness.
The report which is published annually by the WEF in collaboration with the Qatari Businessmen Association (QBA) and the Social and Economic Survey Research Institute (SESRI) at Qatar University, also showed that Qatar ranks first in the Arab world and among the top 10 countries globally in many indicators.
In the Institutional pillar, Qatar moved 2 ranks up from last year to reach the 7th globally in the 'Efficiency of the legal framework in challenging regulations indicator and ranked 6th in the 'Government's responsiveness to change, while ranked 8th in the 'Government long term vision.
As for the ICT Adoption pillar, Qatar remains among the top 10 economies globally, ranking 8th. It's worth noting that Qatar is the first (1st) globally in terms of the 'Internet user indicator. As for the Skills pillar, Qatar is ranked 8th globally in the 'Skillset of Graduates indicator, and 3rd in the 'Ease of finding skilled employees' indicator and ranked 6th in the 'Skills of future workforce. As for the Financial System pillar, Qatar is ranked 4th globally in the 'Financing of SMEs indicator, and ranked 5th in the 'Venture capital availability.
In addition to 23 indicators, among which Qatar ranked 10th and 20th globally, in terms of Property rights, Public Sector Performance, Quality of infrastructure in transport in terms of road connectivity, quality of roads, efficiency of air transport services and efficiency of seaport services; as well as in the ICT services, skills of current workforce, quality of vocational training, domestic competition, entrepreneurial culture and growth of innovative companies.
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