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Qatar ranks first in the world in 14 sub-indicators

Qatar ranks first in the world in 14 sub-indicators

Qatar Tribune3 days ago

In the infrastructure axis, Qatar moved up three ranks, indicating continued strategic investment in the sectors of transport, education, healthcare and digital infrastructure. Commenting on this achievement, Secretary General of the National Planning Council, HE Dr Abdulaziz bin Nasser bin Mubarak Al Khalifa, stated: 'Qatar's entry into the top ten globally in the competitiveness Report is a true testament to the clarity of our strategic vision, the solidity of our institutions, and the cohesion of our national efforts. This progress underscores the country's firm commitment to building a dynamic knowledge- and innovation-based economy, that offers fair and sustainable opportunities for all. We continue to implement the Third National Development Strategy in alignment with Qatar National Vision 2030, while focusing on enhancing competitiveness, achieving sustainable development, and improving the quality of life for the entire population.'
The report pointed out that Qatar recorded a significant improvement in several key indicators, where real GDP growth increased by 2.4%, real GDP per capita increased by 0.82%. Additionally, the Consumer Price Index (CPI) recorded a modest 1.07% year-on-year increase, while the homicide rate dropped to 0.07 cases per 100,000 people—the lowest globally.
Moreover, Qatar ranked first globally in 14 sub-indicators in the report, including youth unemployment rate, overall unemployment rate, consumption tax rate, individual income tax rate, homicide rate, human capital from expatriate labour, use of big data and analytics, effectiveness of corporate boards, banking and financial services, credit availability, perceived need for economic and social reforms, environmental legislation, financing of technological development, and healthcare infrastructure. Qatar also ranked second in several other sub-indicators, reinforcing its leading position in various aspects of competitiveness.
This progress yields tangible benefits for individuals and businesses alike. Qatar's high ranking in global indices boosts investor confidence, generates greater levels of foreign direct investment, and expands job opportunities in developed and future-oriented sectors. It also contributes to creating a business environment that stimulates growth and innovation and supports the diversification and long-term stability of the national economy, which is a key pillar of the Third National Development Strategy. This advancement underscores the effectiveness of Qatar's data-driven policy approach, empowering the private sector, and instilling a governance system based on performance, transparency and innovation, ensuring Qatar's position as a regional and global leader in competitiveness and sustainable development.

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