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Copyrights© Mohammed bin Rashid School of Government (MBRSG)The views expressed, or results presented, in the report do not necessarily reflect the views of the MBRSG, its Board ofTrustees, management or employees.The report should be cited as follows:Prasad A., Subramani K., Refass S., Saidi N., Salem F., Shepherd B., Global Economic Diversification Index 2025.Dubai: Mohammed bin Rashid School of Government. Available at www.EconomicDiversification.comThe Mohammed bin Rashid School of Government (MBRSG) reserve all intellectual property and copyright in this report.Design and Layout by Infographic.lyFor interactive visualization of the Global Economic Diversification Index, or to download a copy of the dataset and thelatest edition of the report, please visit:www.EconomicDiversification.com OR www.GEDI.aeTo contact the Global Economic Diversification Index team, email:EDI@mbrsg.ac.aeAuthorsAathira Prasad,Director of Macroeconomics at Nasser Saidi & AssociatesKeertana Subramani,Associate Researcher at Mohammed Bin Rashid School of GovernmentSalma Refass,Principal Researcher at Mohammed Bin Rashid School of GovernmentDr. Nasser Saidi,Founder and President of Nasser Saidi & AssociatesDr. Fadi Salem,Director of Policy Research at the Mohammed Bin Rashid School of GovernmentDr. Ben Shepherd,Principal of Developing Trade Consultants AcknowledgmentsThe conception of the Global Economic Diversification Index has benefited from comprehensive consultations with globalthought leaders and experts at different stages of its early development in 2020. The authors would like to express theircontinued appreciation to the following global experts for their valuable input. Their reviews have contributed toenhancing the validity and robustness of the conceptualization of the EDI.Experts from International Organizations (ordered alphabetically):The World Bank Group (WB):Dr. Naoko C. KojoDr. Rita RamalhoThe International Monetary Fund (IMF):Dr. Tim CallenDr. Reda CherifDr. Fuad HasanovThe Organization for Economic Co-operation and Development (OECD):Dr. Mariarosa LunatiDr. Annalisa PrimiDr. Marie-Estelle REYThe United Nations Conference on Trade and Development (UNCTAD):Alexandra LaurentAnu PeltolaGiovanni ValensisiPeer-Reviewers:Dr. Ehtisham Ahmed,University of Bonn and London School of Economics (LSE)Dr. Reda Cherif,International Monetary FundDr. Nicolas Depetris-Chauvin,Haute École de Gestion de Genève and MBRSGDr. Fuad Hasanov,International Monetary FundDr. Eswar Prasad,Cornell University and Brookings InstitutionZainab Usman,Carnegie Endowment for International PeaceDr. Karen Young,Middle East InstituteThe Authors would also like to express their appreciation to the Board of Trustees,The Executive President and The Dean of the Mohammed Bin Rashid School of Government, for their unwavering supportduring the different phases of the project.The Authors would also like to thank the Policy Research team at the MBRSG for their vital support and contributions to theprogrammatic activities related to the Global Economic Diversification Index, especially Eiman Almarzooqi for publicationmanagement, Marouen Ghezal for logo design, Salha Juma Bu-Kattara and Shuaib Kunnoth for website coordination.Special thanks to Christina Mueller from LSEG. 5 6The Mohammed Bin Rashid School of Government (MBRSG) is pleased to announce theAnnual Global Conference on Economic Diversification (GCED), a first-of-its-kind globalconference focused on the key strategic topic of economic diversification. GCED is a high-level conference consisting of peer reviewed research presentations, keynote speeches,panel discussions, and networking sessions amongst leading policymakers, academics andscholars working on the key strategic topic of economic diversification around the world.In October 2024, MBRSG successfully hosted the inaugural edition of GCED in Dubai, UAE,featuring keynote addresses and panel discussions from ministers and experts includingH.E. Alia Al Mazrouei, UAE Minister of State for Entrepreneurship, Prof. Cesar Hidalgo, leadauthor of the Economic complexity Index, and Dr. Mahmoud Mohieldin, Executive directorat the IMF, among others. The conference included a call for papers inviting originalresearch and policy papers from scholars worldwide, especially encouraging the use of thepublicly available EDI datasets and reports. A program committee consisting of professors,and senior researchers from the World Bank, UN, IMF, LSE, Oxford, etc., working onEconomic Diversification globally conducted a double-blind peer review on submittedpapers. Accepted papers were presented during GCED 2024 and will be published in aproceedings volume.In 2025, in collaboration with the World Government Summit, MBRSG will host the nextedition of the Annual Global Conference on Economic Diversification. We will soon beopening the call for papers and once again be accepting submissions from researchersaround the world. We particularly encourage researchers, academics a