World's Top 10 most competitive nations

Switzerland
Rank: 1
Switzerland retains its 1st place position again this year.
The country's most notable strengths are related to innovation, technological readiness, and labour market efficiency. Switzerland's scientific research institutions are among the world's best.
Competitiveness is also buttressed by excellent infrastructure (5th), well-functioning goods markets (5th), and highly developed financial markets (7th).

Singapore
Rank: 2
Singapore moves up by one place to 2nd position, maintaining the lead among Asian economies.
The country's institutions continue to be ranked 1st for both their lack of corruption and government efficiency.
Singapore places 1st and 2nd, respectively, for the efficiency of its goods and labour markets and leads the world in terms of financial market development.
The country also has world-class infrastructure (3rd), with excellent roads, ports, and air transport facilities.

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Sweden
Rank: 3
Sweden, overtaken by Singapore, falls one place to 3rd position. The quality of its public institutions is first-rate, with a very high degree of efficiency, trust, and transparency.
Private institutions also receive excellent marks (3rd), with firms that demonstrate the highest ethical behavior (3rd), supported by strong auditing and reporting standards (2nd) and well-functioning corporate boards (1st).
Sweden has developed a very sophisticated business culture (2nd) and is one of the world's leading innovators (2nd).

Finland
Rank: 4
Finland moves up three places since last year to reach 4th position. The country boasts well-functioning and highly transparent public institutions (3rd).
It also occupies the top position in the higher education and training pillar.
Finland is one of the innovation powerhouses in Europe, ranking 3rd.

The United States
Rank: 5
The United States continues the decline that began three years ago, falling one more position to 5th place.
The business community continues to be critical toward public and private institutions (39th).
In particular, its trust in politicians is not strong (50th), it remains concerned about the government's ability to maintain arms-length relationships with the private sector (50th), and it considers that the government spends its resources relatively wastefully (66th).
In comparison with last year, policymaking is assessed as less transparent (50th) and regulation as more burdensome (58th).
A lack of macroeconomic stability continues to be the United States' greatest area of weakness (90th).
Over the past decade, the country has been running repeated fiscal deficits, leading to burgeoning levels of public indebtedness that are likely to weigh heavily on the country's future growth.

Germany
Rank: 6
Germany is ranked 6th this year, a decline of one place. The country is ranked an excellent 2nd for the quality of its infrastructure.
Despite the slight drop in rankings, the goods market is quite efficient, characterized by intense local competition (9th) and low market dominance by large companies (3rd).
Germany's business sector is highly sophisticated, especially when it comes to production processes and distribution channels, and German companies are among the most innovative in the world, spending heavily on R&D (5th) and displaying a strong capacity for innovation (3rd).

Germany
Rank: 6
Germany is ranked 6th this year, a decline of one place. The country is ranked an excellent 2nd for the quality of its infrastructure.
Despite the slight drop in rankings, the goods market is quite efficient, characterized by intense local competition (9th) and low market dominance by large companies (3rd).
Germany's business sector is highly sophisticated, especially when it comes to production processes and distribution channels, and German companies are among the most innovative in the world, spending heavily on R&D (5th) and displaying a strong capacity for innovation (3rd).

The Netherlands
Rank: 7
The Netherlands improves one rank to 7th this year.
Overall, Dutch businesses are highly sophisticated (5th) and innovative (12th), and the country is rapidly and aggressively harnessing new technologies for productivity improvements (5th).
The quality of its infrastructure is among the best in the world, reflecting excellent facilities for maritime, railroad, and air transport, ranked 2nd, 6th, and 5th, respectively.

Denmark
Rank: 8
Denmark moves up one position to 8th place.
The country benefits from what is one of the best-functioning and most transparent institutional frameworks in the world (5th) and an excellent infrastructure for transport as well as electricity and telephony.
Denmark continues to distinguish itself as having one of the most efficient labour markets internationally, with more flexibility in setting wages, firing, and therefore hiring workers than in the other Nordics and in most countries more generally.

Japan
Rank: 9
Japan falls three places to rank 9th.
The country continues to enjoy a major competitive edge in business sophistication and innovation, ranking 1st and 4th, respectively.
The country's overall competitive performance, however, continues to be dragged down by severe macroeconomic weaknesses (113th), with high budget deficits over several years (135th), which have led to the highest public debt levels in the entire sample by far (over 220 percent of GDP in 2010).

The United Kingdom
Rank: 10
The United Kingdom continues to make up lost ground in the rankings this year, rising by two more places.
It continues to have sophisticated (8th) and innovative (13th) businesses.
On the other hand, although improved since last year, the country's macroeconomic environment (85th) represents the greatest drag on its competitiveness.
The situation is made worse by the mounting public debt (77 percent of GDP in 2010, 120th) and a comparatively low national savings rate (12.3 percent of GDP in 2010, 119th).