Jordan ranked 57th in the International Competitiveness Institute's 2019 Global Competitiveness Index, down 5 points from 52 last year.

The report pointed out that inflation had a negative impact on Jordan led to its decline to the rank of 57, pointing out that Jordan faces challenges that highlight the slowdown in the rate of economic growth, high rates of poverty and unemployment, especially among young people, and low economic participation of women.

He added that among the challenges are the rise in the budget deficit, the public debt to GDP, the increase in the energy bill and its reflection on the competitiveness of the economic sectors, the pressure on infrastructure and the provision of services due to the Syrian refugee crisis in a country with limited natural resources.

Commenting on the decline, Minister of Planning and International Cooperation Mohammed Al-Assas told the Kingdom: "When we look at Jordan's ranking in global indices, there are several things that always pull us in the opposite direction, one of which is the financial stability that the government is focusing on.Next period".
Jordan in the Doing Business Report of the World Bank, 2018, ranks 15th in 103 out of 190 countries.

"The government has issued a system of legislation for the previous period such as insolvency, bankruptcy and venture capital systems, which is expected to increase the competitiveness of the Jordanian economy as a supportive business environment and will be positively reflected in the years to come," he added.

The United Arab Emirates topped the competitiveness index by ranking fifth in the world, Qatar ranked 10th, Saudi Arabia 26, and Jordan ranked fourth in the Arab world.

Singapore topped the global report, two straight up from last year. Hong Kong (as a special management area in China) remained second, while the United States dropped to third and Switzerland fourth.

Jordan was ranked 52th in the 2018 Global Competitiveness Index, after falling by four points from 56th to 2017.

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