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

White canvas covers protect parts of the Rhone glacier against melting as visitors enter an ice cave near the Furka mountain pass at 2429 metres (7969 ft) altitude in the Swiss Alps, Switzerland August 6, 2015. Switzerland's national flag is pictured in the foreground. REUTERS/Arnd Wiegmann/File Photo - RTSJ10I
Reuters/Arnd Wiegmann
On top again.
  • Nikhil Sonnad
By Nikhil Sonnad

Reporter

This article is more than 2 years old.

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.

CountryGCI Score
Switzerland5.8
Singapore5.7
United States5.7
Netherlands5.6
Germany5.6
Sweden5.5
United Kingdom5.5
Japan5.5
Hong Kong SAR5.5
Finland5.4
Norway5.4
Denmark5.3
New Zealand5.3
Taiwan, China5.3
Canada5.3
United Arab Emirates5.3
Belgium5.3
Qatar5.2
Austria5.2
Luxembourg5.2
France5.2
Australia5.2
Ireland5.2
Israel5.2
Malaysia5.2
Korea, Rep.5
Iceland5
China5
Saudi Arabia4.8
Estonia4.8
Czech Republic4.7
Spain4.7
Chile4.6
Thailand4.6
Lithuania4.6
Poland4.6
Azerbaijan4.6
Kuwait4.5
India4.5
Malta4.5
Indonesia4.5
Panama4.5
Russian Federation4.5
Italy4.5
Mauritius4.5
Portugal4.5
South Africa4.5
Bahrain4.5
Latvia4.4
Bulgaria4.4
Mexico4.4
Rwanda4.4
Kazakhstan4.4
Costa Rica4.4
Turkey4.4
Slovenia4.4
Philippines4.4
Brunei Darussalam4.3
Georgia4.3
Vietnam4.3
Colombia4.3
Romania4.3
Jordan4.3
Botswana4.3
Slovak Republic4.3
Oman4.3
Peru4.2
Macedonia, FYR4.2
Hungary4.2
Morocco4.2
Sri Lanka4.2
Barbados4.2
Uruguay4.2
Croatia4.1
Jamaica4.1
Iran, Islamic Rep.4.1
Tajikistan4.1
Guatemala4.1
Armenia4.1
Albania4.1
Brazil4.1
Montenegro4.1
Cyprus4
Namibia4
Ukraine4
Greece4
Algeria4
Honduras4
Cambodia4
Serbia4
Ecuador4
Dominican Republic3.9
Lao PDR3.9
Trinidad and Tobago3.9
Tunisia3.9
Kenya3.9
Bhutan3.9
Nepal3.9
Côte d’Ivoire3.9
Moldova3.9
Lebanon3.8
Mongolia3.8
Nicaragua3.8
Argentina3.8
El Salvador3.8
Bangladesh3.8
Bosnia and Herzegovina3.8
Gabon3.8
Ethiopia3.8
Cape Verde3.8
Kyrgyz Republic3.7
Senegal3.7
Uganda3.7
Ghana3.7
Egypt3.7
Tanzania3.7
Paraguay3.7
Zambia3.6
Cameroon3.6
Lesotho3.6
Bolivia3.5
Pakistan3.5
Gambia, The3.5
Benin3.5
Mali3.5
Zimbabwe3.4
Nigeria3.4
Madagascar3.3
Congo, Democratic Rep.3.3
Venezuela3.3
Liberia3.2
Sierra Leone3.2
Mozambique3.1
Malawi3.1
Burundi3.1
Chad2.9
Mauritania2.9
Yemen2.7

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