The UAE continued its progress in Global Competitiveness Report, as it occupied the 25th position internationally in 2019, advancing two places from last year in the prestigious report issued by the World Economic Forum. The UAE was among the best five countries in 19 international indexes, and among the best 20 countries in 57 indexes. In sub-indicators, the UAE came first globally in the stability of the national economy, second in Information and Communication Technology, ICT, adoption, fourth in product market and commodity markets axis. The UAE ranked second globally in the rate of electricity contributions from the percentage of population index, the mobile subscription ratio index, the manpower diversity index, and the third globally in the speed of government response to variables index. The country was also ranked fourth in the world in the efficiency of legal frameworks index, the low burden of government procedures, the adaptation of legal frameworks to accommodate the digital business model, the long-term government vision index, fiber-optic Internet subscriptions, wages and productivity, and availability of venture capital. It was also ranked fifth globally in the internet users index, the low impact of taxes and subsidies on business competition and the innovative growth index.
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