The Netherlands has overtaken Germany and the US to reach fifth place in the latest edition of the World Economic Forum’s ranking of the most internationally competitive economies.
Switzerland tops the overall rankings for the fourth consecutive year. Singapore remains in second position with Finland, in third position, overtaking Sweden in 4th.
The improvement in the Dutch position reflects a ‘continued strengthening of its innovative capacity as well as the heightened efficiency and stability of its financial markets’, the organisation said.
Although the country has registered fiscal deficits in recent years, its macro-economic environment is more stable than that of a number of other advanced economies, the report concluded.
The full report