Iceland the 7th most competitive economy in the world

According to a new report by the World Economic Forum (WEF) published yesterday (September 28) Iceland is now the seventh most competitive economy in the world. Last year Iceland was number 10 and in 1997 it was number 38. Finland is in first place this year like last year, the United States in the second, Sweden comes third, and Denmark is number four. Then Taiwan, Singapour, and Iceland. After that Switzerland, Norway, and Australia.

Interesting enough, only three EU memberstates make it to top 10. The Netherlands are number 11, the United Kingdom numer 13, and Germany number 15. Estonia is number 20, Austria number 21, and Portugal number 22. Luxemburg is number 25, Ireland number 26, and Spain number 29. Other EU memberstates are lower on the list.

Press article:

The World Economic Forum