Switzerland is a trendsetter of the new global economy

Media giant Bloomberg has published a first-of-its-kind global economic index looking at the drivers and disrupters of the new economy. Switzerland ranks second, making it a global trendsetter of modern economic development.

ABB Fabrik

In its New Economy Drivers and Disrupters Report, Bloomberg takes a close look at 114 economies accounting for 98% of global GDP. Unlike conventional reports on economic competitiveness, this new report also looks at new disruptive forces such as automation, digitization, climate change, protectionism, and populism to assess how well-positioned these economies are to respond to new developments, according to a press release.

Switzerland ranks second in driver category

The report uses two sets of metrics: traditional drivers of development and disruptive forces that create new risks and opportunities. Switzerland ranked second worldwide in the drivers metric with 72.2 points. Only Sweden ranked higher with 72.9 points. Denmark came in third with 70 points.

According to Bloomberg, it is unsurprising that the traditional drivers of development are dominated by high-income countries. Sweden, Switzerland and Denmark also have high levels of education and effective governance.

Top ten disrupter

Switzerland also ranked high in the disrupter category, coming in eighth place overall with 74.2 points. New Zealand came in first place with 86.8 points, followed by Australia and Sweden.

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