Only last year Finland ranked at ninth place. The down-surge is due to the massive drop in Finland's domestic production. Singapore was rated as most competitive and Hong Kong took the second place. Neighbor Sweden maintained its sixth position and Norway took over Finland's ninth position.
However, Heikki Taimio from Labour Institute for Economic Research says that this ranking does not accurately reflect Finland's current situation, as information used in the survey takes data from last year which was particularly poor.
