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Sweden best in EU for competition: ranking

Sweden's economy remains the most competitive in the European Union, according to a new ranking from the Geneva-based World Economic Forum.

Published: 09 May 2010 11:33 CET



Sweden, which also led last year's list, pipped Denmark and Finland to the top EU spots as WEF gave the Nordic nations high marks for innovation and cooperation between the business and tertiary education sectors.

"The Nordic countries have also achieved a high level of social inclusion, with low unemployment (especially in Denmark, pioneer of the “flexicurity” system) and strong participation of women in the workforce (especially in Finland and Sweden)," WEF said in a statement.

"These countries also have developed highly-skilled workforces through top-notch educational systems and strong on-the-job training programmes."

The 27 EU countries were measured in terms of their success in relation the EU's competition benchmark, commonly referred to as the Lisbon criteria.

However, in its fifth and final biennial review, WEF found that the EU as a whole had failed to measure up to its goal of becoming the most competitive economy in the world.

“In 2000, the EU set for itself an ambitious action and development plan with the Lisbon Agenda. As this Review indicates, while some progress has been made, much remains to be achieved in order to fully harness Europe’s economic potential."

The World Economic Forum is a non-profit foundation best know for its annual meeting in Davos in the Swiss Alps, where business leaders and intellectuals converge to discuss potential resolutions to global problems.

Rank 2010 (Source: World Economic Forum)

1. Sweden
2. Finland
3. Denmark
4. Netherlands
5. Luxembourg
6. Germany
7. Austria
8. France
9. United Kingdom
10. Belgium
11. Ireland
12. Estonia
13. Cyprus
14. Slovenia
15. Czech Republic
16. Portugal
17. Malta
18. Spain
19. Slovak Republic
20. Lithuania
21. Hungary
22. Latvia
23. Greece
24. Poland
25. Italy
26. Romania
27. Bulgaria

Your comments about this article:

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#1
16:13 May 9, 2010 by zircon
Why don't you speak proper English?
Report abuse »
#2
17:08 May 9, 2010 by Greg in Canada
There are a lot of threads on these forums from people claiming that Swedes are lazy and unproductive at work. Wouldn't this seem to disprove those posters?

Maybe that six hour work day proposal isn't so bad after all. :-)
Report abuse »
#3
19:38 May 9, 2010 by Streja
Greg, I don't know if it would work. Perhaps we should make sure workers in Bangladesh get a better deal first.
Report abuse »
#4
19:54 May 9, 2010 by mikmak
Positive news...does not compute....
Report abuse »
#5
23:35 May 9, 2010 by hardonforswedes
Simply the best again and again
Report abuse »
#6
07:08 May 10, 2010 by Dazzler
How Greece is ahead of anybody is amazing, and somewhat troubling.
Report abuse »
#7
08:04 May 10, 2010 by darrenj
I agree with Greg in Canada.

Things are not so bad in the cold Northern climes. USA and the UK is not the center of the world.
Report abuse »
#8
13:21 May 10, 2010 by Audrian
It is not secret that the Scandinavians have the most disciplined and the most hard working labor force in the world. It is also to be noted that this labor force is socially conscious and difficult to manipulate with propaganda and lies. The then Prime Minister of Sweden did not hesitate to say, "No, thank you" to President Bush when the later demanded/requested the former to join the so called the "alliance of the willing."
Report abuse »
#9
03:22 May 12, 2010 by Celc
@Audrian - It is a secret to Scandinavians, too. :P The only country with less working hours annually than Sweden which is in the OECD (in 2004) was the Netherlands, the average Swede worked less hours than the average French in 4th to last place. 1316 hours worked vs Americas 1777, it's pretty funny seeing those stats compared to these news. :)
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