• Switzerland leads the rankings of the World Economic Forum’s Global Competitiveness Report 2009-2010
• The United States falls to second place, with weaker financial markets and less macroeconomic stability
• Singapore moves up to third; Brazil, China and India also post improvements
Switzerland tops the overall ranking in The Global Competitiveness Report 2009-2010, released today by the World Economic Forum ahead of its Annual Meeting of the New Champions 2009 in Dalian. The United States falls one place to second position, with weakening in its financial markets and macroeconomic stability. Singapore, Sweden and Denmark round out the top five. European economies continue to prevail in the top 10 with Finland, Germany and the Netherlands following suit. The United Kingdom, while remaining very competitive, has continued its fall from last year, moving down one more place this year to 13th, mainly attributable to continuing weakening of its financial markets. The People’s Republic of China continues to lead the way among large developing economies, improving by one place this year, solidifying its position among the top 30. Among the three other large BRIC economies, Brazil and India also improve, while Russia falls by 12 places. Several Asian economies perform strongly with Japan, Hong Kong SAR, Republic of Korea and Taiwan, China also in the top 20. In Latin America, Chile is the highest ranked country, followed by Costa Rica and Brazil.
Panama leads in Central America (49th in the global list), followed by Costa Rica (61), Guatemala (84), Honduras (86), El Salvador (91), and Nicaragua (115).
Chile (position 31), Puerto Rico (position 35), Barbados (position 42) and Panama (position 49) are the only four economies in Latin America and the Caribbean ranked among the top 50 in the World Economic Forum’s Global Competitiveness Report 2010 - 2011
The Global Competitiveness Report 2010-2011 released by the World Economic Forum (WEF) ranks countries according to their Institutions, Infrastructure, Macroeconomic environment, Health and primary education.
With respect to the 2009-2010 WEF report, Costa Rica's ranking falls one place from 55 to 56 out of a total of 139.
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