WEF | The Global Competitiveness Report 2018

Oman moves up 14 positions to sit at #47

In October 2018 the most recent report, The Global Competitiveness Report 2018, was published. In that report the Sultanate of Oman was ranked #47 of 140 economies. This compares to a ranking in the 2017 report where Oman ranked #61 of 135 economies.

The process behind The Global Competitivesness Report (GCR) is detailed and well defined within the report itself. In simple terms there are 98 indicators in the index which are categorised under 12 pillars.  These pillars are: Institutions; Infrastructure; ICT adoption; Macroeconomic stability; Health; Skills; Product market; Labour market; Financial system; Market size; Business dynamism; and Innovation capability.

Key points from GCR 2018:

WEF GCR 2018 Cover
  • Oman’s performance in terms of ranking from 2017 to 2018 was an improvement of 14 positions, the best ranking increase of any of the 140 economies.
  • Within Pillar 1: Institutions, Terrorism incidence: #1.
    Of all 140 economies, Oman is the leading country in terms of terrorism incidence.  That is, it has the least terrorism incidents.
  • Pillar 1: Institutions, Organised crime: #4
  • Pillar 1: Institutions, Reliability of police services: #5
  • Pillar 1: Institutions, Future orientation of government: #7.
    This draws significant focus to the efforts and positive achievements of His Majesty’s government through Tanfeedh.
  • These indicators again highlight the relative safety and security that earlier reports have highlighted, namely the WEF Travel & Tourism Competitiveness Report that ranked Oman #4 in the world in terms of Safety and Security.
  • The GCR 2018 quotes the IMF in its outlook on the world economy: “After a lost decade, economic recovery is well underway, with the global economy projected to grow almost 4% in 2018 and 2019.”
  • Pillar 2: Infrastructure, Quality of roads: #8
  • Pillar 4: Macroeconomic stability, Inflation: #1

WEF GCR 2018 Oman

An overall positive ranking of the internationally competitive strengths of Oman from such a leading international organisation adds significant gravitas to the image of the Sultanate of Oman within the international community. The outcomes of the report clearly support the efforts of His Majesty’s Government.

Please promote this report among your colleagues and contacts.

More information

  • Download the full report, The Global Competitiveness Report 2018, here.
  • Download the three page report on Oman by clicking here.
  • To see the full table ranking of 140 economies please click here.
  • Visit WEF for a full list of available reports by clicking here.

How the world sees Oman

The Sultanate of Oman consistently receives positive international media coverage with more attention being drawn to the unique features that separate Oman from many of the other cookie-cutter destinations. A common theme through many of these media reports is the relative safety of Muscat and Oman.

In today’s world safety and security issues take on added significance and relevance. And as the tourism industry in the Sultanate of Oman matures and expands, such positive and high profile articles and reports are exposing Oman to a potential new market of millions. These articles clearly support the international marketing efforts of His Majesty’s Government, particularly the Ministry of Tourism.

Mac Thomson
Corporate Profile

© 2019 MMIS