The UAE leads the world in economic stability for the year 2024 according to a global classification.
The United Arab Emirates showed Significant progress on the international scene after its leadership List of the most economically stable countries for the year 2024, according to the “Best Countries in the World” index recently issued by institution “US News”, which enhances its position as an attractive environment for investment and sustainable development.
Economic stability criteria in the UAE
The economic classification was based on several factors that contributed to the country’s achievement of this rank, including low manufacturing costs, a supportive tax environment, and reduced bureaucratic procedures.
The absence of corruption and transparency of government practices also enhanced the country’s position in this classification.
A prestigious position in the “Best Countries in the World” index
The UAE ranked 16th out of 89 countries in the overall classification of “Best Countries in the World 2024”.
This assessment was based on meeting a number of conditions, including that the country be among the top 100 countries in the world in terms of gross domestic product during the years from 2018 to 2022, and that it be among the top 100 countries in terms of foreign direct investment flows, according to World Bank data.
