U.S. tops World Economic Forum’s ‘Global Competitiveness Report’ for first time in a decade

Organizers of the annual Davos conference ranked the United States first in the world’s most competitive economies for the first time in a decade Wednesday.

The World Economic Forum said its “Global Competitiveness Report” is based on nearly 100 separate factors in a dozen categories.

The U.S. is followed by Singapore, Germany, Switzerland and Japan in the top five spots among the 140 economies considered. In nearly 40 years of the group’s rankings on competitiveness, the U.S. previously earned top honors in 2008. Switzerland was No. 1 last year.

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