The United Arab Emirates (UAE) has strengthened its leadership position in international competitiveness indices, related to banking and fiscal policies, by ranking among the top 20 countries in 11 related competitiveness indices in 2020.
This overall achievement highlights the flexibility and attractiveness of the policies implemented by the UAE that support national economic growth.
The Federal Center for Competitiveness and Statistics (FCS) has documented international successes that have ranked the UAE in the top 10 countries, in terms of banking and fiscal policies, including IMD’s Global Digital Competitiveness Ranking and the World Economic Forum’s Global Competitiveness Report 4.0, as well as the Legatum Prosperity Index and IMD’s Global Competitiveness Yearbook.
Four international institutions ranked the UAE first in four related sub-indices, namely the Credit Gap Freedom Index, the Credit Information Depth Index, the Foreign Currency Bank Account Freedom Index, and the Financial Transaction Restrictions Index.
The IMD World Competitiveness Yearbook ranked the UAE fifth in the world in the Credit Index, while the IMD Digital Competitiveness Ranking and IMD World Competitiveness Yearbook ranked the UAE sixth in the world in the Banking and Financial Services Index.
The Legatum Prosperity Index ranked the UAE seventh globally in the Financial Institutions Confidence Index, while the IMD World Competitiveness Yearbook ranked the country seventh in the Central Bank Policy Index, Exchange Rate Stability Index, and Interest Payment Index.
The comparative analysis of the UAE’s recent successes in the competitiveness indices, covering various sectors, marks its unprecedented international and regional achievements, supported by the federal government’s economic and fiscal policies.