Norway ranks 11th in the world in terms of competitiveness, according to a new survey from the World Economic Forum. That’s up from 15th place last year on a list that’s viewed as an important ranking of the most competitive economies.
“Norway’s state finances are in good order and the country is all the way up in third place for its ability to use new technology,” Professor Torger Reve of business school BI in Oslo told newspaper Aftenposten. “Among the countries at the top of the rankings, Norway has in fact made the greatest leap upwards, by four places.”
In terms of overall competitiveness, Switzerland topped the list, followed by Singapore, Finland, Germany and the US. Sweden was in sixth place.