The World's Most Competitive Economies

The United States has lost its spot as the world's most competitive economy, according to an annual ranking from the IMD World Competitiveness Center. High fuel prices and fluctuations in the dollar's value diminished the confidence in the American economy, along with the trade war with China, the center said.

So what's surpassed us? Both Singapore and Hong Kong had more competitive economies than the U.S., per the report, which evaluates 63 countries on 235 measures. The full Top Ten:

1. Singapore
2. Hong Kong
3. United States 
4. Switzerland
5. United Arab Republic
6. Netherlands
7. Ireland
8. Denmark
9. Sweden
10. Qatar