Most competitive nations The U.S. was knocked out of the top spot of the world’s most competitive economies – a position it has held since 2013 – after being overtaken by Hong Kong and Switzerland 2016 rankings 2015 rankings 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Hong Kong Switzerland U.S. Singapore Sweden Denmark Ireland Netherlands Norway Canada Lux. Germany Qatar Taiwan UAE N. Zealand Australia UK Malaysia Finland 2 4 1 3 9 8 16 15 7 5 6 10 10 11 12 17 18 19 14 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 Israel Belgium Iceland Austria China Japan Czech Rep. Thailand Korea Rep. Lithuania Estonia France Poland Spain Italy Chile Latvia Turkey Portugal Slovakia 21 23 24 26 22 27 29 30 25 28 31 32 33 37 38 35 43 40 36 46 Source: IMD World Competitiveness Center Picture: Associated Press