Finland shows its global competitiveness
The World Economic Forum has once again ranked Finland in the top 10 of its annual Global Competitiveness Report.
Although Finland’s eighth place represents a slip from last year’s position, the country remains the world leader in health and primary education. The transparency and efficiency of the country’s public institutions were also recognised as the globe’s best.
Meanwhile, its higher education and training system is among the best in the world (second). From a business perspective, Finland is also the second most innovative country and has the fourth highest number of PCT patent applications per capita in the world.
The report points out that these robust fundamentals represent solid building blocks for Finland’s future.
The Global Competitiveness Report is widely regarded to be the most comprehensive assessment of national competitiveness worldwide. Altogether, the productivity and prosperity of 140 economies were evaluated.
Switzerland, Singapore and the United States took the top three positions in the 2015-2016 report.
At the other end of the scale, Mauritania, Chad and Guinea rounded out the bottom three.