UAE ranks first in Arab World on Global Labour Resilience Index
The index measures future unemployment risks faced based on geographical disparities, structural shifts, and tech changes
The UAE has been ranked first in the Arab World and 21st globally on the Global Labour Resilience Index 2020, which was issued in Switzerland during a session held on the sidelines of the 50th summit of the World Economic Forum (WEF).
The announcement was made in the presence of the UAE Minister of Economy, HE Eng Sultan Bin Saeed Al Mansoori, as well as officials and economic leaders from more than 30 countries.
The Global Labor Resilience Index measures the level of future unemployment risks that countries face based on geographical disparities, structural shifts, policy and technology changes, as well as their impact on the labour market.
The 2020 report ranks 145 countries and economies based on the flexibility of their labour markets amid technological transformation.
According to the report, the UAE has climbed 12 places on the index’s overall rating over the past five years. It is the only GCC country to rank among the Top 30 countries in 2020.
Among the other GCC countries, Bahrain ranks 15 places below the UAE.
The Global Labour Resilience Index is divided into two main axes, each including several sub-indicators. The first is the axis of structures, which includes indicators pertaining to demographics, economic development, capabilities, economic diversification, and inequality.
The second axis, which is the policy axis, includes indicators related to education, skills, employment, innovation, technology, entrepreneurship and statistics.
The index was led by London-based consultancy firm Whiteshield Partners, which specialises in global public policy and strategy, and in cooperation with the Oxford University Saïd Business School, ManpowerGroup, and the UK Institute for the Future of Work.
Commenting on the increased resilience of UAE’s labour market, HE Eng Al Mansoori, added: "The UAE has made great strides in enhancing its economic potential and confronting the economic changes at international level. This includes the ability to keep pace with progress in economic complexity, and adopting a knowledge economy model that focuses on the know-how required to produce goods and services, diversify exports, increase the diversification of the economic base and reduce dependence on oil.”
Switzerland ranked first globally on the index for this year, followed by Singapore in second place and the United States in third.