Mubasher - Abu Dhabi: The UAE topped the list of the world's most economically stable countries for 2024, according to a ranking issued by US News & World Report, outperforming Switzerland, Germany, Canada, and Japan, which came in the next places, respectively .

The ranking evaluated 87 countries based on several criteria, including economic stability, ease of access to capital, and political stability. The report showed that countries with stable economies provide attractive business environments that foster economic growth and prosperity .

According to the report, economic diversification played a key role in the UAE's achievement of this advanced position. The country has successfully invested in strategic sectors such as tourism, aviation, technology, and financial services, while also providing an attractive business environment for investors, supported by incentive initiatives, advanced infrastructure, and flexible legislation that supports investment .

The report also indicated that the UAE's political and security stability has boosted the confidence of global investors and companies, contributing to its position as one of the most stable and diversified economies in the world .

Among the other countries in the ranking, Switzerland came in second place thanks to its strong banking system and diversified economy, while Germany came in third place due to its strong industrial economy and balanced fiscal policies.

Canada ranked fourth due to the stability of its banking system, its abundant natural resources, and its balanced economic policies, while Japan ranked fifth due to its advanced economy, technological development, and political stability .