The IMD World Competitiveness Center in Lausanne, Switzerland, released a new report on the digital competitiveness of economies on May 31.

The report, titled IMD World Digital Competitiveness Ranking 2017, was designed to "assess the capacity and readiness of a country to adapt, explore and make the most of the digital transformation", according to the center's official website.

The ranking was based on 50 criteria — ranging from talent, capital to business agility and IT integration — which were then split into three categories: knowledge, technology and future readiness.

The top 10 economies, which have become the most competitive digitally in the world, are listed below:

No 10 Norway

Score: 90.79

Buildings at the financial district in Oslo. The photo was taken on May 31. [Photo/Agencies]