Global Competitiveness Index – KPI Status Overview
| Metric | Value |
|---|---|
| Baseline | 64.4 (rank 47/140, 2017) |
| Current | 64.0 |
| Target 2030 | >71 (top 30) |
| Target 2040 | >71 (top 30) |
| Status | At Risk |
Trajectory Analysis
Oman’s Global Competitiveness Index score has remained essentially flat at 64.0, marginally below the 2017 baseline of 64.4. The WEF discontinued the index after 2019, making ongoing tracking reliant on proxy indicators and component-level data. The gap to the top-30 threshold of approximately 71 points remains substantial at 7 points. Without the discipline of annual benchmarking, there is a risk that reform momentum slows across the 12 pillars that comprise the index.
Risk Factors
The discontinuation of the GCI removes a valuable benchmarking tool. Structural weaknesses in ICT adoption, innovation ecosystem, and financial-system depth continue to drag the composite score. Regional competitors are improving faster, particularly Saudi Arabia under Vision 2030.
Positive Signals
Macroeconomic stability has improved significantly through fiscal consolidation and inflation control. Infrastructure scores remain strong. Institutional quality is gradually improving through regulatory reform. The government has committed to tracking competitiveness through alternative indices.
Methodology Note
WEF Global Competitiveness Index 4.0, last published in 2019. Composite of 12 pillars covering institutions, infrastructure, ICT adoption, macroeconomic stability, health, skills, product markets, labour markets, financial system, market size, business dynamism, and innovation capability.
This tracker is updated quarterly by the Oman Vision 2040 Research Unit. Data sources include NCSI, the Central Bank of Oman, the World Bank, and relevant international organisations. Methodological notes are provided for transparency; users should consult primary sources for the most current figures.