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The Global Competitiveness Report 2017-2018
For the ninth consecutive year, the report's Global Competitiveness Index (GCI) finds Switzerland to be the world's most competitive economy, narrowly ahead of the United States and Singapore. Other G20 economies in the top 10 are Germany (5), the United Kingdom (8) and Japan (9). China is the highest ranking among the BRICS group of large emerging markets, moving up one rank to 27.
The Global Competitiveness Report competitiveness ranking is based on the Global Competitiveness Index (GCI), which was introduced by the World Economic Forum in 2005. Defining competitiveness as the set of institutions, policies and factors that determine the level of productivity of a country, GCI scores are calculated by drawing together country-level data covering 12 categories – the pillars of competitiveness – that collectively make up a comprehensive picture of a country's competitiveness. The 12 pillars are: institutions, infrastructure, macroeconomic environment, health and primary education, higher education and training, goods market efficiency, labour market efficiency, financial market development, technological readiness, market size, business sophistication, and innovation.
The Global Competitiveness Report (Top 10 Rankings 2012-2018)
Rank 2016-2017
2015-2016
2014-2015
2013-2014
2012-2013
2011-2012
1 Switzerland
1
1
1
1
1
2 Singapore
2
2
2
2
2
3 United States
3
3
5
7
5
4 Netherlands
5
8
8
5
7
5 Germany
4
5
4
6
6
6 Sweden
9
10
6
4
3
7 United Kingdom
10
9
10
8
10
8 Japan
6
6
9
10
9
9 Hong Kong SAR
7
7
7
9
10 Finland
8
4
3
3
4
Further information
  •  
  • WEF Competitiveness Report - Full Report
  •  
  • WEF Competitiveness Report - Press release