country profile...sa country profile saudi arabia contents imd world competitiveness yearbook 2020,...

10
SA COUNTRY PROFILE SAUDI ARABIA S > IMD World Competitiveness Yearbook, Talent & Digital 2020: summaries

Upload: others

Post on 29-Sep-2020

7 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: COUNTRY PROFILE...SA COUNTRY PROFILE SAUDI ARABIA CONTENTS  IMD World Competitiveness Yearbook 2020, Talent & Digital 2019: summaries

SA

COUNTRYPROFILE SAUDI ARABIA

CONTENTS<<COUNTRY>>

IMD World Competitiveness Yearbook, Talent & Digital 2020: summaries

Page 2: COUNTRY PROFILE...SA COUNTRY PROFILE SAUDI ARABIA CONTENTS  IMD World Competitiveness Yearbook 2020, Talent & Digital 2019: summaries

WORLD COMPETITIVENESSRANKING 2020

All data are available from theWorld Competitiveness Online.

Visit our eShop

Page 3: COUNTRY PROFILE...SA COUNTRY PROFILE SAUDI ARABIA CONTENTS  IMD World Competitiveness Yearbook 2020, Talent & Digital 2019: summaries

BASIC FACTSCapital

Land area (square km '000) 2,1502019

Exchange Rate (per $) 3.7502019

Population - market size (millions) 34.222019 24

Gross Domestic Product (GDP) (US$ billions) 793.02019 18

GDP (PPP) per capita (US$) 55,5522019 13

Real GDP growth (%) 0.32019 56

Consumer price inflation (%) -1.212019 2

Unemployment rate (%) 5.532019 37

Labor force (millions) 14.502019 27

Current account balance (% of GDP) 6.292019 12

Direct investment stocks inward ($bn) 230.82018 24

Direct investment flows inward (% of GDP) 0.582019 54

PEER GROUPS RANKINGSEUROPE - MIDDLE EAST - AFRICA (40 countries) POPULATIONS > 20 MILLION (29 countries)

COMPETITIVENESS TRENDS - OVERALL

SAUDI ARABIAOVERALL PERFORMANCE (63 countries) Rank

Riyadh

CHALLENGES IN 2020Ongoing efforts to raise the regional competitiveness within Saudi

Arabia to align with Vision 2030 goals.

NCC, National Competitiveness Center

COMPETITIVENESS LANDSCAPE

36 3926 24

2016 2017 2018 2019 2020

3340

2215

1015

7

28 25

55

22

14

25

43

13 16

28 29

54

41

Dom

estic

Eco

nom

y

Inte

rnat

iona

l Tra

de

Inte

rnat

iona

l Inv

estm

ent

Empl

oym

ent

Pric

es

Publ

ic F

inan

ce

Tax

Polic

y

Inst

itutio

nal F

ram

ewor

k

Busi

ness

Leg

isla

tion

Soci

etal

Fra

mew

ork

Prod

uctiv

ity &

Effi

cien

cy

Labo

r M

arke

t

Fina

nce

Man

agem

ent

Prac

tices

Att

itude

s an

d V

alue

s

Basi

c In

fras

truc

ture

Tech

nolo

gica

l Inf

rast

ruct

ure

Scie

ntifi

c In

fras

truc

ture

Hea

lth a

nd E

nvir

onm

ent

Educ

atio

n

Economic Performance Government Efficiency Business Efficiency Infrastructure

23 2616 15

2016 2017 2018 2019 2020

14 1510 9

2016 2017 2018 2019 2020

• Ongoing efforts to raise the regional competitiveness within Saudi Arabia to align with Vision 2030 goals.

• Continuing the strategic government initiatives to mitigate economic loss during the Covid-19 pandemic.

• Supporting capital investment on Technology to elevate the business environment during and after the Covid-19 pandemic.

• Take the economic measures to safeguard jobs, guarantee wages and support the self-employed impacted by the Covid-19 pandemic.

• Continuing to invest in the human development across all economic sectors.

Provided by:NCC, National Competitiveness Center

Page 4: COUNTRY PROFILE...SA COUNTRY PROFILE SAUDI ARABIA CONTENTS  IMD World Competitiveness Yearbook 2020, Talent & Digital 2019: summaries

IMPROVEMENTSWCY 2019

WCY 2020 DECLINES

WCY 2019

1.1.18 Gross fixed capital formation - real growth -0.03 4.03 1.1.15 Real GDP growth per capita -0.24

3.3.10 Stock market capitalization (%) 61.97 303.52 1.1.14 Real GDP growth 2.2

4.4.18 Renewable energies (%) 0.0 0.0 4.2.16 High-tech exports (%) 2.93

2.3.08 Exchange rate stability 0.019 0.004 2.2.01 Collected total tax revenues 3.37

2.4.15 Start-up procedures 11.0 3.5 2.5.12 Unemployment rate - gender ratio 6.05

4.3.16 Patent applications per capita 13.51 20.68 1.2.02 Current account balance 9.24

4.5.08 Higher education achievement 27.0 40.0 4.4.23 Environment-related technologies 0.32

4.5.09 Women with degrees 22.6 32.8 4.5.01 Total public expenditure on education 8.8

2.4.14 Start-up days 18.0 10.5 2.1.04 Total general government debt (%) 19.08

1.4.08 Long-term unemployment 3.13 2.07 3.2.14 Labor force long-term growth 10.04

4.3.18 Number of patents in force 26.6 34.2 4.5.05 Pupil-teacher ratio (primary education) 11.68

2.4.07 Government subsidies 1.09 0.78 1.2.25 Tourism receipts 1.75

2.4.16 Labor regulations 4.95 6.31 1.2.09 Exports of goods (%) 38.22

1.4.04 Employment - long-term growth 9.73 12.35 1.2.08 Exports of goods ($bn) 299.10

4.4.04 Health infrastructure 6.05 7.62 4.5.10 Student mobility inbound 2.40

COMPETITIVENESS EVOLUTION & ATTRACTIVENESS INDICATORS

SAUDI ARABIACOMPETITIVENESS EVOLUTION

-2.03

8.27

6.29

0.25

7.1

22.79

8.20

268.59

The criteria below highlight the 15 biggest Improvements and the 15 biggest Declines in the overall performance of the economy. They are

determined by the largest percentage changes in the value of each criterion from one yearbook to the next.

WCY 2020

2.21

KEY ATTRACTIVENESS INDICATORSFrom a list of 15 indicators, respondents of the Executive Opinion Survey were asked to select 5 that they perceived as the key

attractiveness factors of their economy. The chart shows the percentage of responses per indicator from the highest number of responses

to the lowest.

0.3

0.61

5.70

13.81

1.53

33.87

10.0%17.1%18.6%20.0%20.0%24.3%25.7%30.0%32.9%35.7%40.0%47.1%50.0%52.9%57.1%

0% 10% 20% 30% 40% 50% 60%

Effective labor relationsSkilled workforce

Business-friendly environmentStrong R&D culture

High educational levelEffective legal environment

Competitive tax regimeOpen and positive attitudes

Cost competitivenessQuality of corporate governance

Competency of governmentAccess to financing

Reliable infrastructurePolicy stability & predictability

Dynamism of the economy

Page 5: COUNTRY PROFILE...SA COUNTRY PROFILE SAUDI ARABIA CONTENTS  IMD World Competitiveness Yearbook 2020, Talent & Digital 2019: summaries

WORLD COMPETITIVENESSDIGITAL RANKING 2020

All data are available from theWorld Competitiveness Online.

Visit our eShop

Page 6: COUNTRY PROFILE...SA COUNTRY PROFILE SAUDI ARABIA CONTENTS  IMD World Competitiveness Yearbook 2020, Talent & Digital 2019: summaries

Alpha AlphaLabelBeta BetaLabel Gamma GammaLabel1 2 2 2 2 2 24 4 4 2 2

6.5 4 4 2 28.5 4 4 2 211 4 4 2 2

2016 2017 2018 2019 2020

36 42 39 34

39 40 39 46

41 50 40 24

32 38 38 28

OVERALL

Future readiness

PEER GROUPS RANKINGS

EUROPE - MIDDLE EAST - AFRICA (40 countries) POPULATIONS > 20 MILLION (29 countries)

COMPETITIVENESS & DIGITAL RANKINGS

Technology

DIGITAL TRENDS - OVERALL

SAUDI ARABIA

OVERALL PERFORMANCE (63 countries)

OVERALL & FACTORS - 5 years

Knowledge

3642 39

343639

26 24

2016 2017 2018 2019 2020

Digital

Competitiveness

25 29 28 23

2016 2017 2018 2019 2020

1317 15 14

2016 2017 2018 2019 2020

46 34 34 62

24 25 5 4734

28 37 28 24

Knowledge Talent Training & education Scientific concentration

Technology Regulatory framework Capital Technological framework

Future readiness Adaptive attitudes Business agility IT integrationThe direction of the triangle indicates the performance change from the last year: improved or stabledeclined

Overall Factors Sub-Factors

N.B. This graph provides only a comparison of the country’s performance in the two rankings.

Page 7: COUNTRY PROFILE...SA COUNTRY PROFILE SAUDI ARABIA CONTENTS  IMD World Competitiveness Yearbook 2020, Talent & Digital 2019: summaries

u Overall top strengths

w Overall top weaknesses

Subfactors 2016 2017 2018 2019 202022 38 20 34

16 39 38 34

61 49 59 62

Talent Rank Rank Rank

w Educational assessment PISA - Math 58 34 - International experience 11 u 4 - Foreign highly-skilled personnel 13 36 w 52 Management of cities 23 44 35 Digital/Technological skills 15 43 - Net flow of international students 40 37 w 52 w 54

Subfactors 2016 2017 2018 2019 202048 50 39 25

36 31 13 5

41 56 54 47

Regulatory framework Rank Rank Rank

Starting a business 22 - 29 Enforcing contracts 37 u 7 37 Immigration laws 28 10 18u Development & application of tech. 9 27 47 Scientific research legislation 24 12 48 Intellectual property rights 24 13 w 61

Subfactors 2016 2017 2018 2019 202029 43 50 37

38 48 36 28

31 33 30 24

Adaptive attitudes Rank Rank Rank

E-Participation 51 27 38 Internet retailing 42 52 u 4 Tablet possession 33 27 u 2 Smartphone possession 37 24 38 Attitudes toward globalization 18 21 28

Training & education Scientific concentration

Talent

Robots in Education and R&D

IT integration

Business agility IT integration

Scientific concentration

Capital Technological framework

FACTORS BREAKDOWN - STRENGTHS AND WEAKNESSES

SAUDI ARABIA

FUTURE READINESS

TECHNOLOGY

Technological framework

Opportunities and threats E-GovernmentWorld robots distribution Public-private partnerships

IT & media stock market capitalization Communications technology

Regulatory framework

Capital

KNOWLEDGE

Entrepreneurial fear of failure

Agility of companies Cyber securityUse of big data and analytics Software piracyKnowledge transfer

Adaptive attitudes

Business agility

Venture capital Internet bandwidth speedInvestment in Telecommunications High-tech exports (%)

Funding for technological development Mobile Broadband subscribersBanking and financial services Wireless broadbandCountry credit rating Internet users

Training & education

Employee training Total expenditure on R&D (%)Total public expenditure on education Total R&D personnel per capitaHigher education achievement Female researchersPupil-teacher ratio (tertiary education) R&D productivity by publicationGraduates in Sciences Scientific and technical employmentWomen with degrees High-tech patent grants

Page 8: COUNTRY PROFILE...SA COUNTRY PROFILE SAUDI ARABIA CONTENTS  IMD World Competitiveness Yearbook 2020, Talent & Digital 2019: summaries

WORLD TALENTRANKING 2020

All data are available from theWorld Competitiveness Online.

Visit our eShop

Page 9: COUNTRY PROFILE...SA COUNTRY PROFILE SAUDI ARABIA CONTENTS  IMD World Competitiveness Yearbook 2020, Talent & Digital 2019: summaries

Alpha AlphaLabel Beta BetaLabel Gamma GammaLabel1 2 2 2 2 2 24 4 4 2 2

Value

u 7.1 % 4 6,622 US$ 27 13.81 ratio 27 11.30 ratio 22u 6.14 Survey [0..10] 10 6.03 Survey [0..10] 33w 17.51 % 60 7.62 Survey [0..10] 18

Value

w 85.90 index 42 7.00 Survey [0..10] 26 5.91 Survey [0..10] 32 6.56 Survey [0..10] 14 7.66 Survey [0..10] 26u 7.14 Survey [0..10] 13 28,388 US$ 25 144,059 US$ 39 12.12 % 18 7.49 Survey [0..10] 20w 92.37 micrograms 62

Value

u 2.60 % 4 6.03 Survey [0..10] 29 6.74 Survey [0..10] 26u 6.69 Survey [0..10] 11 6.51 Survey [0..10] 16 6.43 Survey [0..10] 31w 21.14 % 45 6.79 Survey [0..10] 29 6.94 Survey [0..10] 25 6.80 Survey [0..10] 29 2.21 number 34w 386 Average 56

Investment & Development 2020 Rank

Health infrastructure meets the needs of society

2020 Rank

Total public expenditure on education Percentage of GDP

ApprenticeshipsEmployee training is a high priority in companies

Readiness 2020 Rank

Educational assessment - PISA PISA survey of 15-year olds

Appeal

Exposure to particle pollution Mean population exposure to PM2.5, Micrograms per cubic metre

Labor force growth Percentage change

Index of a basket of goods & services in the main city, including housing (New York City = 100)

Skilled labor is readily available

Cost-of-living index

Female labor force Percentage of total labor force

Pupil-teacher ratio (secondary education) Ratio of students to teaching staff

are sufficiently implemented

Total public exp. on education per student Spending per enrolled pupil/student, all levels

Pupil-teacher ratio (primary education) Ratio of students to teaching staff

Management education meets the needs of the business community

Language skills are meeting the needs of enterprises

Student mobility inbound Foreign tertiary-level students per 1000 inhabitants

Primary and secondary education meets the needs of a competitive economy

Graduates in Sciences % of graduates in ICT, Engineering, Math & Natural Sciences

University education meets the needs of a competitive economy

Finance skills are readily available

International experience of senior managers is generally significant

Competent senior managers are readily available

Justice is fairly administered

Gross annual income including supplements such as bonuses, US$

Remuneration of management Total base salary plus bonuses and long-term incentives, US$

Effective personal income tax rate Percentage of an income equal to GDP per capita

Attracting and retaining talents is a priority in companies

Worker motivation in companies is high

Brain drain (well-educated and skilled people) does not hinder competitiveness in your economy

Quality of life is high

Foreign highly-skilled personnel are attracted to your country's business environment

Remuneration in services professions

OVERALL PERFORMANCE (63 countries)

IMD World Talent Ranking 2020

SAUDI ARABIA

26

34

29

34

26

35

28

37

31 31

43

39

26

38

22

30

2016 2017 2018 2019 2020

Overall

Investment &Development

Appeal

Readiness

37

3934

30

Investment & Development

Appeal

Readiness

The direction of the triangle indicates the performance change from the last year: improved or stabledeclined

Page 10: COUNTRY PROFILE...SA COUNTRY PROFILE SAUDI ARABIA CONTENTS  IMD World Competitiveness Yearbook 2020, Talent & Digital 2019: summaries

IMD, IMD INTERNATIONAL, REAL LEARNING. REAL IMPACT, IMD BUSINESS SCHOOL and IMD WORLD COMPETITIVENESS YEARBOOK are trademarks of IMD- International Institute for Management Development

IMD WORLDTALENTRANKING 2020

IMD

WOR

LD T

ALEN

T R

ANK

ING

2020

About the Institute for Management Development (IMD)

IMD is an independent academic institution with Swiss roots and global

reach, founded almost 75 years ago by business leaders for business

leaders. Since its creation, IMD has been a pioneering force in developing

leaders who transform organizations and contribute to society.

Based in Lausanne (Switzerland) and Singapore, IMD has been ranked

in the Top 3 of the FT’s annual Executive Education Global Ranking for

the last nine consecutive years and in the top five for 17 consecutive

years. Our MBA and EMBA programs have repeatedly been singled out

among the best in Europe and the world.

We believe that this consistency at the forefront of our industry is

grounded in IMD’s unique approach to creating “Real Learning. Real

Impact”. Led by an expert and diverse faculty, we strive to be the trusted

learning partner of choice for ambitious individuals and organizations

worldwide. Challenging what is and inspiring what could be.

www.imd.org