Switzerland and Singapore lead the way in economic competitiveness, according to a global index that finds notable improvements in India and Panama. World Economic Forum hide caption toggle caption World Economic Forum The Two-Way We're No. 3: U.S. Infrastructure, Education Faulted In Global Competitiveness Index September 28, 2016 The last time the U.S. ranked No. 1 in a key economic index was 2008. Key issues cited in the 2016 report: America's problems with its infrastructure, health and primary education systems.