The Swiss-based Institute for Management Development has announced the data from its 2011 World Competitiveness Yearbook, which places Finland slightly higher than last year.
The improvement in the ranking can mainly be explained by Finland’s recovery from the 2009 financial crisis, comments Research Director Petri Rouvinen from the Research Institute of the Finnish Economy.

According to the findings, Finland has jumped to 15th place, climbing four rungs from the 19th position it held last year.
Last year Finland lost ten places as a result of the recession.