UAE Tops Global Rankings for Economic Stability and Business Potential

The UAE has once again proven its prowess on the global stage, earning the title of the world’s most economically stable country in a new ranking by US News and World Report. This recognition places the UAE at the forefront of 89 nations, solidifying its position as a beacon of economic strength and innovation.

Key Highlights from the Rankings

The UAE’s remarkable achievements extend across multiple categories:

• Economic Stability: Scored a perfect 100, reflecting the nation’s robust financial foundation and resilience.
• Entrepreneurship: Ranked 15th globally, with standout scores of: 90.7/100 for entrepreneurial spirit.86.9/100 for global connectivity.84/100 for infrastructure and 87/100 for digital infrastructure.
• Open for Business: Positioned 33rd, supported by a 100/100 score for its favorable tax environment.
• Quality of Life: Achieved 86.9/100 for its thriving job market and a full 100 for economic stability.

A Global Economic Leader

The UAE’s achievements are further bolstered by its high per capita GDP, comparable to leading Western European nations. Recognized as the most competitive economy in the Arab world by the World Economic Forum , the UAE continues to attract investors, entrepreneurs, and professionals from across the globe.

Strong Growth Projections

Future growth prospects for the UAE remain promising, with optimistic projections from leading financial institutions:

• International Monetary Fund (IMF): UAE’s GDP is projected to grow by 4% in 2024 and 5.1% in 2025.
• World Bank: Predicts GDP growth at 3.3% in 2024, rising to 4.1% in 2025.
• Arab Monetary Fund (AMF): Foresees economic growth of 3.9% in 2024 and an impressive 6.2% in 2025.

These forecasts underscore the UAE’s commitment to economic diversification, driven by a dynamic non-oil sector, effective monetary policies, and initiatives that ensure financial stability.

Why the UAE?

As one of the Gulf’s most progressive and liberal nations, the UAE offers unparalleled opportunities for businesses and residents alike. With a strong focus on infrastructure, digital connectivity, and a pro-business environment, it remains a top destination for entrepreneurs and investors.

Partner with N R Doshi for Business Success in the UAE

If you’re ready to capitalize on the UAE’s thriving economy and favorable business environment, N R Doshi and Partners is here to guide you at every step. From business setup to tax compliance, we ensure a seamless journey for your venture in the UAE.