Qatar achieved impressive rankings on various global indices as per World Competitiveness Booklet by IMD

Qatar has once again obtained remarkable positions on key global indices in the 2024 World Competitiveness Booklet produced by the International Institute for Management Development (IMD) in Switzerland. 

The economy of the nation has achieved the highest ranking in terms of the government efficiency factor for both the consumption tax rate and the personal income tax rate. Furthermore, Qatar is now ranked second in the public finance index.

In addition, Qatar has performed exceptionally well in the World Competitiveness Booklet's business efficiency category. In terms of the migrant stock and corporate board effectiveness, it has asserted its top spot globally. In addition, Qatar ranks second in the world for working hours.

When it comes to infrastructure, Qatar has become a leader. In terms of internet users per 1,000 people and energy infrastructure subfactors, it has attained the highest ranking.

In addition, Qatar has performed exceptionally well in the World Competitiveness Booklet's business efficiency category. In terms of the migrant stock and corporate board effectiveness, it has asserted its top spot globally. In addition, Qatar ranks second in the world for working hours.

In the most recent World Competitiveness Report, Qatar is ranked eleventh out of sixty-seven nations.

In terms of economic performance, the nation came in fourth, but in terms of government and business efficiency, it ranked seventh, eleventh, and thirty-third, respectively.

With the best results in important metrics including the unemployment rate, youth unemployment rate, and terms of trade index—where it became the world leader—Qatar ranked fourth in terms of economic performance.

In the meantime, the National Planning Council's most current statistics shows that commercial bank deposits in Qatar's banking industry surged by an impressive 6.3 percent in April, totaling QR1.024tn ($276.7bn).In the meantime, the National Planning Council's most current statistics shows that commercial bank deposits in Qatar's banking industry surged by an impressive 6.3 percent in April, totaling QR1.024tn ($276.7bn).