For the third year in a row, Finland ranks number one in the World Economic Forum‘s Global Competitiveness Report. The top-three remained unchanged from last year, with the USA ranking second and Sweden third.

All nordic countries placed themselves among the top-ten. "In many ways the Nordics have entered virtuous circles where various factors reinforce each other to make them among the most competitive economies in the world," said Augusto Lopez-Claros, Chief Economist and Director of the Forum’s Global Competitiveness Programme.

South-Korea was one of the steepest climbers, to the 17th position, from nr. 29 last year.