Saudi Arabia climbs to thirteenth globally, 3rd amongst G20 in IMD International Competitiveness scores
RIYADH — Saudi Arabia has complex 4 positions within the 2026 IMD International Competitiveness Yearbook, together with rating thirteenth globally amongst 70 economies and securing 3rd position amongst G20 nations.
Printed once a year by way of the World Institute for Control Building (IMD), the yearbook is among the global’s main benchmarks for measuring nationwide competitiveness and is carefully monitored by way of the Saudi Competitiveness and Industry Middle 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 by way of enhancements throughout all 4 major competitiveness points.
Determine in IMD International Competitiveness Yearbook appearing Saudi Arabia’s rating at thirteenth position globally.
As well as, Financial Efficiency progressed from thirty first to twenty eighth position globally, Executive Potency complex from twelfth to 9th position, whilst each Industry Potency and Infrastructure progressed from seventeenth to twelfth position.
The Kingdom additionally enhanced its efficiency in 15 of the 20 sub-factors assessed by way of the yearbook.
Minister of Trade and Chairman of the Board of the Saudi Competitiveness and Industry Middle Majid Al-Kassabi stated the Kingdom’s persevered development within the Yearbook and different main world benchmarks displays the dedication of Crowm Prince Mohammed bin Salman to attaining the goals of Saudi Imaginative and prescient 2030, specifically the ones associated with financial enlargement, competitiveness, and sustainable construction.
In step with IMD, instead of the Kingdom’s progressed efficiency around the 4 competitiveness points, its achievements have been supported by way of notable positive aspects in numerous sub-factors, specifically World Industry, Employment, and Industry Law.
Determine in IMD International 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 information in coordination with the Normal 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 Products and services Exports Expansion, Phrases of Industry, Banking and Monetary Products and services, Cybersecurity, and Web Customers according to Thousand Inhabitants. It additionally accomplished top-three world scores in 17 standards and ranked some of the world height 10 in 74 of the 262 standards assessed by way of the yearbook.
The Kingdom additionally ranked 2d globally in Social Brotherly love, Early-Degree Entrepreneurial Process, Working out the Want for Financial and Social Reforms, and Public-Personal Partnerships supporting technological construction.
Determine in IMD International Competitiveness Yearbook appearing Saudi Arabia’s rank at eighth position among Ecu, African and Heart Japanese nations.
It additionally ranked 3rd globally in Transparency of Executive Coverage, Introduction of Corporations, Electrical energy Prices for Business Shoppers, Executive Adaptability to Financial Adjustments, Public Finance, Price Device, and Regulatory Compliance in Banking Rules.
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 atmosphere, top of the range infrastructure, an efficient prison framework, robust company governance, govt effectiveness, coverage steadiness, and certain societal attitudes.
