OREANDA-NEWS. September 08, 2011. For the second year in a row, Estonia has been ranked 33rd in the World Economic Forum's annual Global Competitiveness Report.

The report, published September 7, assesses 142 countries based on a broad range of factors such as education, market efficiency, macroeconomic environment, labor market efficiency and technical readiness.

In the overall rankings, Switzerland topped the list for the second consecutive year, followed by Singapore.

For its part, Estonia came out ahead of all of its Baltic and Central European neighbors, with the Czech Republic next highest at 38th. However the country still trails far behind Nordic cousins Sweden and Finland, who came in third and fourth place respectively.