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The World’s Most Competitive Economies

The United States came in third place in the 2015 Global Competitiveness Report. According to the report, the United States had a GDP of$17.947 trillion, the largest in any country and original to15.81 of the total global GDP. The United States’population was around321.6 million people rephrasing to a GDP per capita of$. According to the report, the United States’biggest resource was its large request size which was the second largest in the world. Other pivotal pillars where the US scored largely include business complication where the country came in fourth.

In 2015, Singapore had a GDP of$292.7 billion and a population of5.5 million people which translates to a GDP per capita of$. Singapore’s frugality was ranked second in the 2015 Global Competitiveness Report where the frugality was valued at5.7 and held the alternate- place rank for five successive times. Singapore’s frugality’s competitiveness is attributed to several factors. According to the report, the country had the stylish advanced- education system in the world and ranked first in overall request effectiveness. Singapore also had the most flexible labor request in the world and the alternate most seductive labor force in the world. The country had the alternate most effective and transparent institutional frame in the world.

According to the 2015 Global Competitiveness Report, Switzerland has the most competitive frugality with the European country beating the Global Competitive Indicator list in 2015 for the seventh successive time. Switzerland had a GDP of$664.6 billion against a population of8.2 million rephrasing to a GDP per capita of$. The profitable brilliance endured in Switzerland is attributed to the country’s increased expenditure towards exploration and development with Switzerland having the stylish exploration institutions in the world. Switzerland is the global leader in invention due to the being strong relationship between the academic institutions and the private sector. Switzerland also has robust and effective fiscal institutions which are global leaders in translucency.


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