IPSOS Report Shows KSA Maintains The Global Top Spot For Its Economic Outlook Confidence

Saudi have maintained the top position of the world’s highest confidence in the economic trends of their country over the past four months.

Riyadh Saudi have maintained the top position of the world’s highest confidence in the economic trends of their country over the past four months.

Saudi Arabia remained the most positive on the country’s economic outlook with a 93 percent rating, up 61 percentage points. Compared to a global average of 68 percent, according to the IPSOS Global Advisor Survey. IPSOS surveyed 27 countries between June 24 and July 8, 2022.

According to the Ipsos Index, Saudi Arabia continued to maintain superiority over several major industrial countries with low confidence ranks.

The Kingdom came first in the index, which includes 27 countries, with a confidence rate of 93 percent and superiority of more than the world average of 32 percent with 61 points.

In contrast, countries like the United States of America, Britain, France, Japan, and Canada came in the second half of the index, with less than 50 percent.

In the survey, the Ipsos Index noted that people of various countries reacted differently to major economic crises and problems. Such as inflation, poverty, unemployment, economy, crime, violence, or political corruption while highlighting that Saudis were least concerned about most of the indicators.

Ipsos is the third largest research agency in the world. Its report confirms the confidence of the Saudis in the Kingdom’s Vision 2030.

And the reforms it has carried out in the structure of the Saudi economy, Saudi labor market, investment regulations, and legislations supporting these reforms. The survey also noted the strong support for the war against corruption.

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Diversifying sources of income, developing investment opportunities, and providing job opportunities for male and female citizens are reflected in enhancing the quality of life for the citizens, residents, and visitors to Saudi Arabia.

The Ipsos Index focused on many important social and political issues in 27 countries worldwide. The Kingdom came first with 93 percent of the Saudis’ confidence in the economic situation. With an advantage of more than 16 points over its nearest competitor, India, which ranked second with 77 percent, and Sweden came third with 57 percent.

Major industrial countries came in the bottom half of the index, under 50 percent. Japan was the worst with only 10 percent. Britain followed it at 23 percent, France at 24 percent, the United States of America at 28 percent, and Canada at 38 percent.

Despite the strong inflation wave affecting all countries, Saudis’ concern about it was the lowest globally at only 13 percent. In comparison, the general global concern about this problem was 38 percent.

The strong confidence in the Kingdom of Saudi Arabia’s economic policies is an extension of previous results achieved over the past two years. This confidence rating is reported in the findings of the Edelman Trust Barometer, powered by Edelman Data & Intelligence.

Saudi Arabia has maintained the top spot in the index covering 28 countries worldwide in 2021. This is an increase in confidence in the Kingdom’s government. Up from 78 percent in January 2020 to 82 percent in January 2021. A rise of four percentage points. 

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