Sweden tops IT economy ranking

Sweden has the world's most hooked-up economy, according to a new report from the World Economic Ranking (WEF).

Sweden tops IT economy ranking

Nordic countries all performed well on the list in the WEF Global Information Technology report released on Thursday.

Sweden displaced Denmark to rank first on the chart, with the Danes sliding to third place. Other Nordic countries were also in the top 10, with Finland in sixth place and Norway in tenth.

Singapore crept closer to the top, moving up from fourth place last year to second place now.

Fellow Asian economy Hong Kong was in eighth place, also gaining from 12th place a year ago.

The so-called Networked Readiness Index looks at how prepared countries are in using information communications technologies by measuring the general environment for the technologies, the readiness of individuals to use them as well as their actual usage.

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