Thursday November 14th, 2024
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UAE Recognized as World’s Most Economically Stable Country

With a perfect score of 100 for economic stability and favorable tax policies, the UAE surpassed 89 other countries to claim the top spot.

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The UAE has topped the global rankings for economic stability, securing the No.1 position among 89 countries in a recent survey by US News & World Report. The country also ranks impressively for entrepreneurship (15th globally) and openness to business (33rd).

Scoring a full 100 for economic stability and favorable tax policies, the UAE is highly regarded for its strong infrastructure, connectivity, and entrepreneurial climate. With robust digital networks and a well-developed business environment, the nation has achieved scores of 86.9 for global connectivity and 84 for infrastructure quality, reinforcing its position as a business-friendly hub.

Economic projections further underline this stability, with the International Monetary Fund (IMF) forecasting the UAE’s GDP to maintain a 4% growth rate in 2024, rising to 5.1% in 2025. Similarly, the World Bank and Arab Monetary Fund expect sustained growth supported by the UAE’s diversified economy and strategic public policies.

The report also highlights the UAE’s competitive GDP per capita, booming job market, high quality-of-life rankings and its liberal stance within the region, promoting religious freedom and quality of life.

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