AND COUNTING

Switzerland has been named the world’s most competitive economy for the eighth year in a row

On top again.
On top again.
Image: Reuters/Arnd Wiegmann
By
We may earn a commission from links on this page.

This week the World Economic Forum (WEF) released its annual Global Competitiveness Report, an assessment of how dynamic each country’s economy is. Switzerland came in first, extending its streak to eight years.

That’s even longer than Roger Federer stood at number one. That Swiss underachiever was the top tennis player in the world for only 302 consecutive weeks.

The competitiveness report (pdf) ranks economies on 12 economic “pillars,” including institutions, labor-market efficiency, education, and innovation. Each country is given a score from one to seven for each pillar. These scores are then combined to compute the final competitiveness score.

The top three countries on this metric—Switzerland, Singapore, and the United States—remained the same from last year. (It should be noted that the WEF, the nonprofit responsible for this report as well as the Davos summit each winter, is based in Switzerland.)

Here is the full list of scores from the 2016 report. In last place? Yemen.