Top 10 competitive economies of the World
India is in 49th position in this list of competitive economies of the world while China is in 29th position. Switzerland grab the first position by pushing USA to second position. The crash of the US banking system left it more exposed to some long-standing weaknesses.
The World Economic Forum’s global competitiveness report 2009/2010 showed economies with a large focus on financial services such as the US, Britain or Iceland were the losers of the crisis.
The US as the world’s largest economy lost last year’s strong lead, slipping to number two for the first time since the introduction of the index in its current form in 2004.
Leading emerging markets Brazil, India and China improved their competitiveness despite the crisis, the report showed.
Following is the list…….
| No. | Country | Gplobal Comp. Index | Population (millions), 2008 | GDP (US$ billions), 2008 |
|---|---|---|---|---|
| 1. | Switzerland | 5.60 | 7.5 | 492.6 |
| 2. | USA | 5.59 | 308.8 | 14,264.6 |
| 3. | Singapore | 5.55 | 4.5 | 181.9 |
| 4. | Sweden | 5.51 | 9.2 | 484.6 |
| 5. | Denmark | 5.46 | 5.5 | 342.9 |
| 6. | Finland | 5.43 | 5.3 | 274.0 |
| 7. | Germany | 5.37 | 82.5 | 3,667.5 |
| 8. | Japan | 5.37 | 127.9 | 4,923.8 |
| 9. | Canada | 5.33 | 33.2 | 1,511.0 |
| 10. | Netherland | 5.32 | 16.5 | 868.9 |
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