The United States was named the most competitive economy in the world, according to the WEF, with Singapore assuming the number 2 slot and Germany coming in as the third most competitive economy. Switzerland was No. 1 last year.
U-S-A! U-S-A!
Switzerland, Japan, Netherlands, and Hong Kong ranked 4th, 5th, 6th, and 7th respectively. The U.K. was named the eighth most competitive economy in the world.
The WEF ranks 140 countries according to 12 pillars or factors that measure economic readiness. Each nation is rated on a scale of 1 to 100.
Top 10 Most Competitive Economies In The World, 2018
- United States
- Singapore
- Germany
- Switzerland
- Japan
- Netherlands
- Hong Kong
- United Kingdom
- Sweden
- Denmark
Top 10 Most Competitive Economies In Europe, 2018
- Germany (Global Rank: 3)
- Switzerland (Global Rank: 4)
- Netherlands (Global Rank: 6)
- United Kingdom (Global Rank: 8)
- Sweden (Global Rank: 9)
- Denmark (Global Rank: 10)
- Finland (Global Rank: 11)
- Norway (Global Rank: 16)
- France (Global Rank: 17)
- Luxembourg (Global Rank: 19)
Most Competitive Economies In Indo-Pacific Region, 2018
- United States (Global Rank: 1)
- Singapore (Global Rank: 2)
- Japan (Global Rank: 5)
- Australia (Global Rank: 14)
- Malaysia (Global Rank: 25)
- Thailand (Global Rank: 38)
- Indonesia (Global Rank: 45)
- Philippines (Global Rank: 56)
- India (Global Rank: 58)
- Brunei (Global Rank: 62)
- Vietnam (Global Rank: 77)
- Cambodia (Global Rank: 110)
- Laos (Global Rank: 112)
