Finland ranks 4th in global competitiveness 

Finland CompetitivenessThis year’s competitiveness report by the World Economic Forum praises Finland for its innovation and education.

Finland ranks fourth in the World Economic Forum’s Global Competitiveness Report 2014–15. The top five of the most competitive countries according to report are Switzerland (1), Singapore (2), United States (3), Finland (4) and Germany (5).

From last year Finland lost one position when it was ranked third overall, but it still kept its first position among the EU member states.

The Global Competitiveness Report 2014-15 assesses the competitiveness of 144 economies based on 12 “pillars” which include institutions, infrastructure, health and education, labour market efficiency, technological readiness, innovation and business sophistication.

In this year’s report Finland occupies the top position in the health and primary education, the higher education and training and innovation. Finland was also ranked high in institutions.

Finland was lacking in market size, in labour market efficiency and in macroeconomic environment.

www.weforum.org
Good News from Finland

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