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UAE ranks first regionally and fourth globally in the Global Entrepreneurship Index 2020
ABU DHABI, 5th February, 2021 (WAM) The UAE has been ranked first in the in the region, and fourth globally in the Global Entrepreneurship Index (GEI) 2020 by the Global Entrepreneurship Monitor (GEM – NECI), climbing up from its fifth ranking in the 2019 report.
The country has outperformed many of the major global economies such as the United States, Canada, the United Kingdom, Australia, European Union countries, China, Japan and South Korea in the overall rankings of the index.
The UAE achieved advanced rankings in many of the sub-indicators included in the general index structure in its 2020 version. Most notably, the country ranked second in the National Governments’ Response to the COVID-19 lockdown and its impact on the entrepreneurial sector.