Switzerland tops WEF
competitiveness ranking
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The World Economic Forum's (WEF) recently published World Competitiveness Report shows Switzerland holding
the top position when it comes to competitiveness of national economies.
Of 133 countries surveyed, Switzerland
has been ranked first.
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Switzerland mainly owes first place to the fact that the country's performance has remained stable during the
economic crisis. Switzerland's economy continues to be characterized by an excellent capacity for innovation,
a very sophisticated business culture, as well as a highly efficient labor market.
Moreover, Switzerland is spending a high amount of money on R&D. The countries' scientific research institutions
are among the world's best, and the strong collaboration between the academic and business sectors ensures that
much of this research translates into marketable products. Furthermore, Switzerland's public institutions are
rated among the most effective and transparent in the world.
The Global Competitiveness Report's competitiveness ranking is based on the Global Competitiveness Index (GCI).
The GCI is based on 12 pillars of competitiveness, providing a comprehensive picture of the competitiveness
landscape in 133 countries around the world at all stages of development. The pillars include e.g. infrastructure,
macroeconomic stability, labor market efficiency, and innovation.
Global Competitiveness Index 2009
Top 10 Rankings
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Country |
Rank |
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Switzerland |
1 |
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USA |
2 |
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Singapore |
3 |
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Sweden |
4 |
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Denmark |
5 |
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Finland |
6 |
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Germany |
7 |
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Japan |
8 |
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Canada |
9 |
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Netherlands |
10 |
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Text – Greater
Zurich Area
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