UAE Recognized as the World's Most Economically Stable Country

According to US News & World Report’s most recent rankings, the United Arab Emirates is the most economically stable country in the world, ranking first out of 89 countries.

The UAE has outperformed long-standing economic leaders thanks to its low manufacturing costs, advantageous tax environment, low bureaucracy, lack of corruption, and openness in government operations.

Germany, Canada, Japan, Australia, Sweden, Denmark, the Netherlands, and Saudi Arabia are next in line, having advanced significantly in several economic categories.

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 a component of the US News Best Countries rankings, which are currently in their ninth year and were created in collaboration with the University of Pennsylvania’s Wharton School and the international marketing services company WPP.

The rankings show how countries are viewed internationally in addition to their economic performance. Ten thematic subrankings, such as Adventure, Open for Business, and Quality of Life, were used to evaluate the countries. The ‘Open for Business’ subranking, which takes into account factors like tax rates and government transparency, which are essential for drawing in foreign investment and business, gives the UAE the highest score for economic stability.

Nearly 17,000 people worldwide, including business decision-makers, the general public, and knowledgeable elites, were surveyed as part of this year’s methodology. The survey evaluated nations based on 73 characteristics that are important to a modern nation’s success, like business friendliness and technological readiness