COUNTRY UAE PROFILE - IMD

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IMD World Competitiveness Yearbook 2021, Digital 2021, Talent 2021: summaries

COUNTRY PROFILE

UAE

WORLD COMPETITIVENESS RANKING 2021

All data are available from the World Competitiveness Online.

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1

COMPETITIVENESS TRENDS - OVERALL

UAE

OVERALL PERFORMANCE (64 countries) 2017 2018 2019 2020 2021

10

7

5

9

9

CHALLENGES IN 2021

?PutPtiuntgtiinngpinlacpelascteanstdaanrddaizreddizegduidgueildineelisndesuedutoe ttohethceoncsotnasnttant changes happening during COVID-19.

?chaBnugesisnehsaspepsebneincgomduinrigngbaCnOkrVupIDt -d1u9e. to disturbed supply chains and impacted quality.

? Continuing to accelerate regulatory and legislative reforms to adapt to changes related to post COVID-19.

? Continue the government's economic diversification agenda.

PFerdoevriadleCdobmyp:etitiveness & Statistics Authority (FCSA), Dubai Federal Competitiveness & Statistics Authority (FCSA), Dubai

BASIC FACTS

Capital Land area (square km '000) Exchange Rate (per $) Population - market size (millions) Gross Domestic Product (GDP) (US$ billions) GDP (PPP) per capita (US$) Real GDP growth (%) Consumer price inflation (%) Unemployment rate (%) Labor force (millions) Current account balance (% of GDP) Direct investment stocks inward ($bn) Direct investment flows inward (% of GDP)

Rank

Abu Dhabi

71 2020

3.673 2020

9.28 2020 42

358.9 2020 32

70,117 2020

6

-6.1 2020 45

-2.07 2020

2

4.25 2020 12

7.26 2020 34

5.85 2020 10

154.1 2019 37

4.28 2019 14

COMPETITIVENESS LANDSCAPE

Economic Performance

Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy International Trade International Investment Employment Prices Public Finance Tax Policy Institutional Framework Business Legislation Societal Framework Productivity & Efficiency Labor Market Finance Management Practices Attitudes and Values Basic Infrastructure Technological Infrastructure Scientific Infrastructure Health and Environment Education

4

20

19

3 10

39

3

5

1 8

13

15 16

25

1

18 21

33

31

36

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries)

2017 2018 2019 2020 2021

7

4

2

6

6

POPULATIONS < 20 MILLION (35 countries) 2017 2018 2019 2020 2021

9

6

4

8

8

2

COMPETITIVENESS EVOLUTION & ATTRACTIVENESS INDICATORS

UAE

COMPETITIVENESS EVOLUTION

The criteria below highlight the 15 biggest Improvements and the 15 biggest Declines in the overall performance of the economy. They are determined by the largest percentage changes in the value of each criterion from one yearbook to the next.

IMPROVEMENTS 4.5.09 Student mobility inbound 1.1.13 Economic complexity index 3.3.10 Stock market capitalization (%) 4.5.01 Total public expenditure on education 4.5.07 Higher education achievement 2.5.13 Unemployment rate - gender ratio 4.3.18 Number of patents in force 1.2.09 Exports of goods (%) 4.4.01 Total health expenditure 4.5.17 University education index 4.5.03 Total public exp. on education per student 3.3.01 Banking sector assets 2.5.06 Gini coefficient 4.5.04 Pupil-teacher ratio (primary education) 4.2.07 Internet users

WCY WCY 2020 2021

8.49 24.06

0.13 0.30

35.36 56.34

2.0

3.1

33.1 52.0

4.11 2.84

14.2 18.4

66.52 85.38

3.3

4.2

5.21 6.44

3,751 4,635

125.76 153.24

32.50 25.90

23.20 18.80

797

918

DECLINES 1.1.15 Real GDP growth per capita 1.1.14 Real GDP growth 2.1.02 Government budget surplus/deficit (%) 2.3.08 Exchange rate stability 4.1.07 Population - growth 1.4.08 Long-term unemployment 1.4.09 Youth unemployment 2.1.04 Total general government debt (%) 1.4.07 Unemployment rate 1.4.04 Employment - long-term growth 1.4.10 Youth exclusion 3.2.14 Labor force long-term growth 3.2.16 Female labor force 2.4.07 Government subsidies 1.1.18 Gross fixed capital formation - real growth

WCY 2020

0.21

WCY 2021 -3.89

1.7

-6.1

-1.55 -7.29

0.004 0.016

1.46 -2.34

0.70

1.50

6.99 14.00

19.40 37.84

2.19

4.25

-4.41 -8.32

11.3

21.0

-3.88 -5.82

24.71 14.62

0.95

1.24

4.88

3.90

KEY ATTRACTIVENESS INDICATORS

From a list of 15 indicators, respondents of the Executive Opinion Survey were asked to select 5 that they perceived as the key attractiveness factors of their economy. The chart shows the percentage of responses per indicator from the highest number of responses to the lowest.

Business-friendly environment Dynamism of the economy Reliable infrastructure Open and positive attitudes

Policy stability & predictability Skilled workforce

Competency of government Competitive tax regime Cost competitiveness

Effective legal environment Effective labor relations

Quality of corporate governance Access to financing

High educational level Strong R&D culture

66.7% 55.2% 53.1% 41.7% 40.6% 39.6% 37.5% 29.2% 27.1% 20.8% 15.6% 14.6% 12.5% 11.5% 11.5%

0%

10%

20%

30%

40%

50%

60%

70%

3

WORLD COMPETITIVENESS DIGITAL RANKING 2021

All data are available from the World Competitiveness Online.

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4

DIGITAL TRENDS - OVERALL

UAE

OVERALL PERFORMANCE (64 countries)

Overall

1 4 6.5 8.5 11

Alpha AlphFaaLBcatebotaerlsBetaLabel

222

2

442

2

4 4

4 4

1228

2 2

442

2

Gamma GammaLabel

2

2

1

Knowledge

Talent

Sub-Factors

25

52

Training & education Scientific concentration

10

5

Technology

2

Regulatory framework

11

Capital

5

Technological framework

The direction of the triangle indicates the

performance change from the last year: improved or stable declined

12

Future readiness

15

Adaptive attitudes

10

Business agility

10

IT integration

OVERALL & FACTORS - 5 years OVERALL Knowledge Technology Future readiness

2017 18 38 14 7

2018 17 36 7 12

2019 12 35 2 9

2020 14 31 4 11

2021 10 18 5 12

COMPETITIVENESS & DIGITAL RANKINGS

2017

2018

Digital

7

Competitiveness

10

N.B. This graph provides only a comparison of the country's

18

17

performance in the two rankings.

2019 5 12

2020

9 14

2021

9 10

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries) 2017 2018 2019 2020 2021

7

11

10

8

6

POPULATIONS < 20 MILLION (35 countries) 2017 2018 2019 2020 2021

12

11

9

9

8

5

u Overall top strengths w Overall top weaknesses

FACTORS BREAKDOWN - STRENGTHS AND WEAKNESSES

UAE

KNOWLEDGE

Subfactors Talent Training & education Scientific concentration

2017 5

56 52

2018 4

53 56

2019 5

41 56

2020 5

44 52

2021 1

25 52

Talent w Educational assessment PISA - Math u International experience

Foreign highly-skilled personnel Management of cities Digital/Technological skills u Net flow of international students

Rank Training & education 45 Employee training 2 w Total public expenditure on education 2 Higher education achievement 3 w Pupil-teacher ratio (tertiary education) 10 Graduates in Sciences 1 Women with degrees

Rank Scientific concentration

Rank

8 Total expenditure on R&D (%)

30

55 Total R&D personnel per capita

32

16 Female researchers

39

44 w R&D productivity by publication

53

9 Scientific and technical employment

32

10 High-tech patent grants

31

Robots in Education and R&D

43

TECHNOLOGY

Subfactors Regulatory framework Capital Technological framework

2017 5

12 29

2018 3

11 16

2019 1 2 5

2020 3

10 8

2021 2

11 5

Regulatory framework

Rank Capital

Rank Technological framework

Rank

Starting a business

8 IT & media stock market capitalization

13 Communications technology

23

Enforcing contracts

9 Funding for technological development

8 Mobile Broadband subscribers

12

u Immigration laws

1 Banking and financial services

10 u Wireless broadband

1

Development & application of tech.

9

Country credit rating

16 Internet users

4

Scientific research legislation

7 Venture capital

9 Internet bandwidth speed

31

Intellectual property rights

22 Investment in Telecommunications

40 High-tech exports (%)

39

FUTURE READINESS

Subfactors Adaptive attitudes Business agility IT integration

2017 17 1 8

2018 21 1 14

2019 20 4 8

2020 15 12 8

2021 15 10 10

Adaptive attitudes E-Participation Internet retailing Tablet possession Smartphone possession Attitudes toward globalization

Rank Business agility 16 Opportunities and threats 27 w World robots distribution 12 Agility of companies 18 Use of big data and analytics 2 Knowledge transfer Entrepreneurial fear of failure

Rank IT integration

Rank

3 E-Government

21

53 Public-private partnerships

10

4 u Cyber security

1

3 Software piracy

20

9

28

6

WORLD TALENT RANKING 2021

All data are available from the World Competitiveness Online.

Visit our eShop

7

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