The United Arab Emirates is the most economically stable nation in the world, coming in first place out of 89 nations in the most recent rankings published by US News & World Report.
Because of its low manufacturing costs, favorable tax environment, low bureaucracy, lack of corruption, and transparency in government operations, the United Arab Emirates has outperformed established economic leaders.
With notable progress in several economic areas, Germany, Canada, Japan, Australia, Sweden, Denmark, the Netherlands, and Saudi Arabia are next in line.
In a tweet celebrating the occasion, Lt. General Sheikh Saif bin Zayed Al Nahyan, Deputy Prime Minister and Minister of Interior, stated: “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.”
These rankings are part of the US News Best Countries rankings, which are in their ninth year and were developed in partnership with the Wharton School at the University of Pennsylvania and the global marketing services firm WPP.
The rankings display not only a country’s economic performance but also its international standing. The countries were assessed using ten thematic subrankings, including Adventure, Open for Business, and Quality of Life. The UAE has the highest score for economic stability according to the “Open for Business” subranking, which considers elements like tax rates and government transparency that are crucial for attracting foreign investment and business.
This year’s methodology involved surveying nearly 17,000 people worldwide, including knowledgeable elites, the general public, and business decision-makers. The survey assessed countries according to 73 criteria, such as technological readiness and business friendliness, which are critical to a modern nation’s success.
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