Qatar has made significant strides in attracting foreign investments and improving its global standing, according to the latest ‘Best Countries in the World’ rankings by US News & World Reports. The country now holds the 25th spot globally, up by one place from the previous year, and is ranked 9th in attracting foreign investments. This positive development signifies that Qatar is becoming more appealing to investors and residents alike.
Elliott Davis, Analyst and Reporter at US News & World Report, highlighted Qatar’s strong performance in the rankings, attributing it to the country’s growing GDP. Qatar ranked in the top 30 for six out of the 10 sub-rankings, including a notable number 3 placement in movers, which evaluates a country’s potential for future growth in the global economy. This achievement reflects Qatar’s resilience and preparedness to navigate economic challenges.
Despite its overall progress, Qatar still faces some challenges in certain areas. It ranks 58th in the ‘Start a Business’ list, indicating room for improvement in the entrepreneurship sector. However, there has been a significant jump in the ‘Open for Business’ sub-ranking, showcasing Qatar’s attractiveness to investors. This increase was the largest among all countries assessed, indicating a positive perception of Qatar’s economy on the global stage.
In terms of cultural influence, Qatar stands at number 18 in the sub-ranking, highlighting its impact as a trendsetter in the global arena. Additionally, Qatar has seen a rise in the tourism sector, with a ranking of 36 in the attribute that informs the adventure sub-ranking. This indicates that Qatar is making strides in attracting tourists and showcasing its unique offerings on the global stage.
Despite a slight decline in the movers’ sub-ranking, Qatar remains in the top tier, ranking three among the 89 nations assessed. The country’s performance in the ‘Open for Business’ category paints a positive picture of its economic prospects, while also ranking in the top 25 for agility, indicating its adaptability to changing economic conditions. These factors contribute to a favorable outlook on Qatar’s global standing.
Overall, Qatar’s progression in the rankings reflects its efforts to attract foreign investments, improve its business environment, and enhance its cultural influence on the global stage. With continued advancements in key areas, Qatar is well-positioned to further enhance its standing as a competitive player in the global economy. In 2024, Switzerland retained its top position in the ‘Best Countries’ rankings, followed by Japan and the United States.
