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Sweden world's second most innovative country

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'Cool Stockholm' most competitive Nordic capital

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‘Sweden needs to sell itself more’

Sweden overtakes the US in competitiveness

Sweden 10th ‘most admired country globally’

Sweden climbs in 'doing business' ranking

Sweden among world's least corrupt nations

Sweden's mortality rates world's second lowest

Sweden a good place to die – but Britain is best

Children in Sweden have best lives

Sweden the most competitive EU nation

Safe to do business with Swedes

How Sweden became an innovation frontrunner

Nordic countries world's most food-secure

Sweden the world’s best country – politically

Swedish firms among world's top brands

Swedish brands climb in global ranking

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'Swedish model' outranks 'American dream'  

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Sweden tops PwC's global economic ranking

Sweden the world's 20th freest economy
Sweden no longer has world's highest taxes

Sweden was at the top of business adviser PwC's latest Escape Index, which ranks countries on economic, political, social, technological and environmental factors.

As well as strong home-grown business with an emphasis on engineering and public-private partnership ventures, Sweden also attracts high levels of inward investment.

"To have a high ranking, it is not enough to only show achievements in traditional indicators such as GDP (gross domestic product), growth and inflation," said Peter Nyllinge, CEO of PwC in Sweden.



"Both governments and industry have to focus on broader forms of measuring instruments for development," Nyllinge added.

Despite the global financial crisis, Sweden achieved a score of 70.5 in 2012, trailed by Switzerland (70.3) and Singapore (60.9) in the PwC ESCAPE-index, according to a statement released by PwC in Sweden.

Meanwhile, the Nordic countries Finland and Denmark ranked respectively 5th and 6th while traditional economies such as the United States and Britain had fallen back ranking 18th and 19th on the list.

Sweden also topped the ranking when PwC published the ESCAPE-index in 2007.

The PwC ESCAPE index is based on official references from the World Bank and the International Monetary Fund and 42 economies are included.

 

Table 2: PwC ESCAPE index rankings – Top 30 in 2012

Rankings

Country

Index scores

2000-2012 change

2000

2007

2012

 

2000

2007

2012

 

3

1

1

Sweden

64.9

71.5

70.5

5.7

1

3

2

Switzerland

65.4

68.7

70.3

4.9

4

7

3

Singapore

63.5

66.4

66.3

2.8

2

5

4

Netherlands

65.1

68.1

66.1

1.0

7

4

5

Finland

60.7

68.2

66.0

5.3

5

2

6

Denmark

63.2

70.1

65.9

2.7

13

9

7

Australia

55.7

63.6

64.1

8.5

8

8

8

New Zealand

56.7

64.5

63.7

7.0

11

10

9

Germany

56.2

62.3

63.4

7.2

9

12

10

South Korea

56.5

61.2

63.0

6.5

10

11

11

Canada

56.3

61.3

59.6

3.3

26

22

12

Saudi Arabia

38.9

50.2

58.1

19.2

6

6

13

Ireland

62.0

66.6

57.8

-4.2

15

17

14

Malaysia

54.1

55.2

57.3

3.1

16

15

15

Japan

53.6

56.8

56.9

3.3

21

21

16

China

46.0

50.6

56.3

10.3

23

19

17

Chile

44.0

52.4

56.0

12.0

14

14

18

United States

55.3

57.6

55.5

0.2

12

13

19

United Kingdom

55.8

59.4

55.1

-0.7

17

16

20

France

50.9

55.5

53.6

2.7

27

25

21

Poland

36.0

48.2

52.9

16.9

22

24

22

Thailand

45.1

49.0

52.4

7.3

24

28

23

Vietnam

43.0

46.4

51.7

8.6

37

27

24

Romania

25.8

47.3

49.5

23.7

39

29

25

Russia

22.5

43.0

47.7

25.2

20

20

26

Italy

46.8

50.9

46.7

-0.1

18

18

27

Spain

50.0

54.9

46.1

-3.8

19

23

28

Portugal

50.0

49.1

44.5

-5.4

32

32

29

Peru

29.3

37.4

43.7

14.4

40

30

30

Ukraine

19.4

42.0

43.5

24.2

                     

Sources: PwC analysis drawing on data from the World Bank, IMF and other sources (as detailed in the full report).

 

Last Updated (Tuesday, 11 February 2014 01:12)

 

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