Uae Tops Global Rankings in Economic Stability Seven Luxury Real Estate Seven Luxury Real Estate

UAE Tops Global Rankings in Economic Stability

  • Oct 28, 2024 - 2 min read

The United Arab Emirates has been recognized as the most economically stable nation in the world, according to the latest report by US News & World Report, which ranked 89 countries. The UAE secured the top spot due to its consistent economic resilience and policies that foster a thriving business environment.

This recognition reflects the UAE’s strategic advantages, such as low manufacturing costs, an investor-friendly tax regime, streamlined bureaucracy, a zero-tolerance approach to corruption, and a high degree of transparency in government operations. By excelling in these areas, the UAE has outpaced traditional economic powerhouses like Germany, Canada, Japan, and Australia, which also placed highly in the rankings alongside Sweden, Denmark, the Netherlands, and Saudi Arabia.

Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, highlighted the achievement in a celebratory tweet: “The UAE ranks first in the world for economic stability, according to U.S. News. This top classification is based on our sustained commitment to maintaining low manufacturing costs, creating a favorable tax environment, reducing bureaucracy, ensuring no corruption, and upholding transparency in government practices.”

The US News rankings, part of the *Best Countries* project now in its ninth year, were developed in collaboration with the Wharton School at the University of Pennsylvania and global marketing services firm WPP. Beyond economic factors, these rankings reflect how countries are perceived globally. The rankings assessed ten thematic categories such as Adventure, Open for Business, and Quality of Life.

The UAE’s highest score came in the “Open for Business” subranking, which evaluates criteria like tax policies and government transparency—critical elements in attracting foreign investment.

Comprehensive Global Survey and Methodology

For this year’s rankings, nearly 17,000 individuals, including business leaders, the general public, and experts, were surveyed worldwide. The methodology assessed countries across 73 factors essential to modern nationhood, including business appeal, innovation readiness, and governance transparency, underscoring the UAE’s positioning as a model for economic stability and business attractiveness globally.

Published On: October 28, 2024

Source: https://www.propertynews.ae/uae/the-uae-has-been-named-the-worlds-most-economically-stable-country/

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