Saudi Arabia climbed 7 places in the Global Competitiveness Report released today Tuesday by the Swiss IMD, ranking 17th in the world this year out of 64 countries included in the report.
The Kingdom has made this progress thanks to improved performance across a number of indicators, as Saudi Arabia moved up in the index of economic performance to sixth in the world this year from 31st last year.
It moved up to 11th place in public administration efficiency, up 8 spots from last year.
Saudi Arabia ranked 13th in business sector efficiency, moving up three spots from 2022 performance.
Denmark ranked first in this year’s competitiveness report, Ireland second and Switzerland third.
