This in turn depends on how productively a country uses available resources. Therefore, the Global Competitiveness Index measures the set of institutions, policies, and factors that set the sustainable current and medium-term levels of economic prosperity.
Countries that top the list this year include Switzerland, Singapore, Luxembourg, the US, Denmark, all of which have globally-leading per capita GDP. Singapore is the only Asian country in the top 10 thanks to its openness to business and high living standards.
