The report lavishes praise on Finland, noting that its skilled population and pervasive technology placed it near the top of the table.

“ICT is ubiquitous and uptake by the population is quasi universal," said WEF's researchers.

The Geneva-based group also notes that over 80 percent of households in Finland own a PC and are connected to the internet.

"A staggering 87 percent (7th highest rate) of individuals are regular internet users and mobile broadband internet is already widespread, with 61 such subscriptions per 100 population.”

The United States was in eighth place, with Canada and Britain rounding out the top 10 list.

The Networked Readiness Index combined data from publicly available sources with feedback from a survey of more than 15,000 executives.