The U.S. has placed fifth for the second consecutive year in the World Economic Forum’s annual IT report — behind Singapore, Finland and Switzerland.

The report maintains that “there is no area on the globe that has an inherent advantage” in the digital economy. The rankings are based on those countries it believes are making the best use of new technologies and high-speed networks, and it also measures the percentage of households with PCs, the percentage of mobile devices with data access, political environment, and other factors.

The forum’s competitiveness report lowers the U.S. ranking by two places to fourth, trailing behind Switzerland, Sweden, and Singapore.