10 most competitive countries in the world

Switzerland, Singapore and the U.S are once again taking the top spots in the latest edition of the World Economic Forum's Global Competitiveness Report, which combines 113 indicators that the WEF believes matter most for countries' productivity. Here's a look at this year's top 10:

 

 

 

1. Switzerland

2. Singapore

3. United States

4. Germany

5. Netherlands

6. Japan

7. Hong Kong

8. Finland

9. Sweden

10. United Kingdom

Competitiveness is defined as "the set of institutions, policies, and factors that determine the level of productivity of an economy, which in turn sets the level of prosperity that the country can earn".  These indicators include areas such as infrastructure, innovation, and the macroeconomic environment.

In the indicator, Nepal stood at 100^th position.