Saudi Arabia climbs to thirteenth globally, 3rd amongst G20 in IMD Global Competitiveness ratings
RIYADH — Saudi Arabia has complicated 4 positions within the 2026 IMD Global Competitiveness Yearbook, together with rating thirteenth globally amongst 70 economies and securing 3rd position amongst G20 nations.
Printed yearly via the Global Institute for Control Building (IMD), the yearbook is likely one of the international’s main benchmarks for measuring nationwide competitiveness and is carefully monitored via the Saudi Competitiveness and Trade Heart in collaboration with related govt entities.
The Kingdom’s rating displays a sustained upward trajectory lately, bettering from thirty sixth position in 2017 to thirteenth position in 2026, which was once pushed via enhancements throughout all 4 major competitiveness points.
Determine in IMD Global Competitiveness Yearbook appearing Saudi Arabia’s rating at thirteenth position globally.
As well as, Financial Efficiency advanced from thirty first to twenty eighth position globally, Govt Potency complicated from twelfth to 9th position, whilst each Trade Potency and Infrastructure advanced from seventeenth to twelfth position.
The Kingdom additionally enhanced its efficiency in 15 of the 20 sub-factors assessed via the yearbook.
Minister of Trade and Chairman of the Board of the Saudi Competitiveness and Trade Heart Majid Al-Kassabi mentioned the Kingdom’s persisted development within the Yearbook and different main global benchmarks displays the dedication of Crowm Prince Mohammed bin Salman to reaching the goals of Saudi Imaginative and prescient 2030, in particular the ones associated with financial expansion, competitiveness, and sustainable construction.
In keeping with IMD, rather than the Kingdom’s advanced efficiency around the 4 competitiveness points, its achievements have been supported via notable positive aspects in different sub-factors, in particular Global Business, Employment, and Trade Regulation.
Determine in IMD Global Competitiveness Yearbook appearing Saudi Arabia’s rank at twelfth position globally in financial efficiency.
Those efforts come with imposing greater than 1,000 legislative, procedural, and technical reforms, tracking and updating nationwide knowledge in coordination with the Basic Authority for Statistics and different stakeholders, addressing private-sector demanding situations, and elevating consciousness of presidency reforms and projects.
Saudi Arabia secured first position international in Industrial Services and products Exports Expansion, Phrases of Business, Banking and Monetary Services and products, Cybersecurity, and Web Customers according to Thousand Inhabitants. It additionally accomplished top-three world ratings in 17 standards and ranked a number of the world peak 10 in 74 of the 262 standards assessed via the yearbook.
The Kingdom additionally ranked 2nd globally in Social Brotherly love, Early-Degree Entrepreneurial Job, Working out the Want for Financial and Social Reforms, and Public-Non-public Partnerships supporting technological construction.
Determine in IMD Global Competitiveness Yearbook appearing Saudi Arabia’s rank at eighth position among Ecu, African and Center Jap nations.
It additionally ranked 3rd globally in Transparency of Govt Coverage, Introduction of Companies, Electrical energy Prices for Commercial Shoppers, Govt Adaptability to Financial Adjustments, Public Finance, Price Gadget, and Regulatory Compliance in Banking Regulations.
Effects from the IMD Govt Opinion Survey highlighted Saudi Arabia’s beauty as a enterprise vacation spot, mentioning strengths such because the dynamism of the Saudi financial system, get entry to to finance, a business-friendly setting, fine quality infrastructure, an efficient prison framework, sturdy company governance, govt effectiveness, coverage steadiness, and sure societal attitudes.
