Four Baltic Sea Region countries in the top ten of global competitiveness

in News

The 2007 State of the Region Report illustrates that the last year has seen exceptionally strong performance by the economies in the Baltic Sea Region, mainly due to the raise in labour productivity and mobilization. The region’s FDI attraction has also improved significantly, while exports and patenting remain stable at high levels.
Consequently, several countries in the Region score very high on World Economic Forum’s Global Competitiveness Index with Denmark, Sweden, Germany and Finland in the top 10.

The Global Competitiveness Index 2007, Top 10

  1. United States 5,6
  2. Switzerland 5,62
  3. Denmark 5,55
  4. Sweden 5,54
  5. Germany 5,51
  6. Finland 5,49
  7. Singapore 5,45
  8. Japan 5,43
  9. United Kingdom 5,41
  10. Netherlands 5,40

The State of the Region Report, drawing on the World Economic Forum’s Global Competitiveness Report – is written by Dr. Christian Ketels, Principal Associate at Professor Michael E. Porter’s Institute for Strategy and Competitiveness at Harvard Business School. Over the years, it has become an appreciated and respected institution evaluating competitiveness, economic performance and prosperity in Northern Europe. The State of the Region Report is used by governments, organizations, financial institutions and private actors and is supported by the Nordic Investment Bank and the Nordic Council of Ministers.

The Baltic Sea Region is made up of Denmark, Estonia, Finland, Germany, Iceland, Latvia, Lithuania, Norway, Poland, NW Russia, and Sweden.