Only One Country Beat US for Most Competitive Economy

Switzerland is No. 1 in World Economic Forum ranking
By Jenn Gidman,  Newser Staff
Posted Sep 27, 2017 9:45 AM CDT
World's 10 Most Competitive Economies
The US isn't doing half bad, apparently.   (Getty Images/Dennis Fischer Photography)

One of Donald Trump's platforms during the presidential campaign was to "restore America's competitive edge," but the US might not be doing so shabby after all. Quartz, which features the World Economic Forum's new Global Competitiveness Report, notes that the United States has actually ascended in terms of how competitive its economy is on the global scene, moving up from third place to second this year (behind only Switzerland) and attaining its highest ranking on the list in eight years. The WEF uses a dozen metrics to determine how a country's economy ranks, including a look at infrastructure, a nation's institutions, and market size. Here, the top 10 in the WEF's estimation:

  1. Switzerland
  2. US
  3. Singapore
  4. Netherlands
  5. Germany
  6. Hong Kong
  7. Sweden
  8. United Kingdom
  9. Japan
  10. Finland
Click here for the full list, or to see how countries fare in terms of tech readiness and innovation. (The world's best country overall.)

Get the news faster.
Tap to install our app.
Install the Newser News app
in two easy steps:
1. Tap in your navigation bar.
2. Tap to Add to Home Screen.