Stockholm is the 6th most competitive knowledge economy in the world according to World Knowledge Competitiveness Index 2008. Stockholm is also the only European region among the top ten, otherwise Dominated by North America.


Stockholm has also climbed two places from last year's study, which is conducted by Centre for international Competitiveness at the University of Wales Institute.

"Stockholm region is one of the global frontrunners in the knowledge economy, especially within sectors such as ICT, life sciences and finance. WKCI 2008 is yet another proof of that", said Sten Nordin, mayor of Stockholm and chairman of the board at Stockholm Business Region.

The top rating is based upon gains across a range of indicators, in particular business R&D spending, biotechnology employment and higher educational spending.