Sweden Number 3 in World Competitiveness

Sweden has risen to third place in the new World Economic Forum global competitive rankings.

The report lists Switzerland in first place, followed by Finland. Third place Sweden is followed by Denmark and Singapore. Last year’s number one, the United States, has fallen to 6th place.

Sweden was in 7th place in the rankings last year.

Commenting on the strong showing by the Nordic countries, the World Economic Forum says they:

“…have been running budget surpluses and have lower levels of public indebtedness on average than the rest of Europe. Prudent fiscal policies have enabled governments to invest heavily in education, infrastructure and the maintenance of a broad array of social services.“

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