paragraph_text: The Birghorn is a mountain of the Bernese Alps, located on the border between the Swiss cantons of Bern and Valais. It lies on the range connecting the Lötschen Pass from the Tschingelhorn, separating the upper Gasterntal (Bernese Oberland) from the Lötschental (Valais).

paragraph_text: Between 2007 and 2013, Estonia receives 53.3 billion kroons (3.4 billion euros) from various European Union Structural Funds as direct supports by creating the largest foreign investments into Estonia ever. Majority of the European Union financial aid will be invested into to the following fields: energy economies, entrepreneurship, administrative capability, education, information society, environment protection, regional and local development, research and development activities, healthcare and welfare, transportation and labour market.

paragraph_text: The World Economic Forum's Global Competitiveness Report currently ranks Switzerland's economy as the most competitive in the world, while ranked by the European Union as Europe's most innovative country. For much of the 20th century, Switzerland was the wealthiest country in Europe by a considerable margin (by GDP – per capita). In 2007 the gross median household income in Switzerland was an estimated 137,094 USD at Purchasing power parity while the median income was 95,824 USD. Switzerland also has one of the world's largest account balances as a percentage of GDP.

paragraph_text: A developed country with an advanced, high-income economy and high living standards, Estonia ranks very high in the Human Development Index, and performs favourably in measurements of economic freedom, civil liberties, education, and press freedom (third in the world in 2012). Estonia has been among the fastest growing economies in the European Union and is a part of the World Trade Organization and the Nordic Investment Bank. Estonia is often described as one of the most internet-focused countries in Europe.

paragraph_text: Membership of the G20 consists of 19 individual countries plus the European Union (EU). The EU is represented by the European Commission and by the European Central Bank. Collectively, the G20 economies account for around 85% of the gross world product (GWP), 80% of world trade (or, if excluding EU intra-trade, 75%), two - thirds of the world population, and approximately half of the world land area.

paragraph_text: In 2012 the Economist Intelligence Unit ranked Warsaw as the 32nd most liveable city in the world. It was also ranked as one of the most liveable cities in Central Europe. Today Warsaw is considered an "Alpha–" global city, a major international tourist destination and a significant cultural, political and economic hub. Warsaw's economy, by a wide variety of industries, is characterised by FMCG manufacturing, metal processing, steel and electronic manufacturing and food processing. The city is a significant centre of research and development, BPO, ITO, as well as of the Polish media industry. The Warsaw Stock Exchange is one of the largest and most important in Central and Eastern Europe. Frontex, the European Union agency for external border security, has its headquarters in Warsaw. It has been said that Warsaw, together with Frankfurt, London, Paris and Barcelona is one of the cities with the highest number of skyscrapers in the European Union. Warsaw has also been called "Eastern Europe’s chic cultural capital with thriving art and club scenes and serious restaurants".

paragraph_text: The European Inventor Award or European Inventor awards (formerly European Inventor of the Year Award, renamed in 2010), are presented annually by the European Patent Office, sometimes supported by the respective Presidency of the Council of the European Union and by the European Commission, to inventors who have made a significant contribution to innovation, economy and society in Europe. Inventions from all technological fields are considered for this award. The winners in each category are presented with an award shaped like a sail. There is no cash prize associated with the award.

paragraph_text: The Netherlands has a developed economy and has been playing a special role in the European economy for many centuries. Since the 16th century, shipping, fishing, agriculture, trade, and banking have been leading sectors of the Dutch economy. The Netherlands has a high level of economic freedom. The Netherlands is one of the top countries in the Global Enabling Trade Report (2nd in 2016), and was ranked the fifth most competitive economy in the world by the Swiss International Institute for Management Development in 2017. In addition, the country was ranked the second most innovative nation in the world in the 2018 Global Innovation Index.

paragraph_text: The Frilihorn is a mountain of the Swiss Pennine Alps, located between the Val d'Anniviers and the Turtmanntal in the canton of Valais.

paragraph_text: In 1999, Estonia experienced its worst year economically since it regained independence in 1991, largely because of the impact of the 1998 Russian financial crisis.[citation needed] Estonia joined the WTO in November 1999. With assistance from the European Union, the World Bank and the Nordic Investment Bank, Estonia completed most of its preparations for European Union membership by the end of 2002 and now has one of the strongest economies of the new member states of the European Union.[citation needed] Estonia joined the OECD in 2010.

paragraph_text: Greece is a democratic and developed country with an advanced high-income economy, a high quality of life and a very high standard of living. A founding member of the United Nations, Greece was the tenth member to join the European Communities (precursor to the European Union) and has been part of the Eurozone since 2001. It is also a member of numerous other international institutions, including the Council of Europe, NATO,[a] OECD, OIF, OSCE and the WTO. Greece, which is one of the world's largest shipping powers, middle powers and top tourist destinations, has the largest economy in the Balkans, where it is an important regional investor.

paragraph_text: The Supreme Commander is, apart from the honorary ranks held by the King of Sweden and in the past other members of the Swedish Royal Family, by unwritten convention normally the only professional military officer on active duty to hold the highest rank (a four-star General or Admiral). An exception was made 2009-2014 when Håkan Syrén was chairman of the European Union Military Committee.

paragraph_text: Although the rankings of national economies have changed considerably over time, the United States has maintained its top position since the Gilded Age, a time period in which its economy saw rapid expansion, surpassing the British Empire and Qing dynasty in aggregate output. Since China's transition to a market - based economy through privatisation and deregulation, the country has seen its ranking increase from ninth in 1978 to second to only the United States in 2016 as economic growth accelerated and its share of global nominal GDP surged from 2% in 1980 to 15% in 2016. India has also experienced a similar economic boom since the implementation of economic liberalisation in the early 1990s. When supranational entities are included, the European Union is the second largest economy in the world. It was the largest from 2004, when ten countries joined the union, to 2014, after which it was surpassed by the United States.

paragraph_text: The Hockenhorn is a mountain of the Bernese Alps, located on the border between the Swiss cantons of Bern and Valais. Its summit is 3,293 metres high and lies between the upper Kandertal and the Lötschental. On its southern (Valais) side lies a glacier named "Milibachgletscher".

paragraph_text: European Union law is applied by the courts of member states and the Court of Justice of the European Union. Where the laws of member states provide for lesser rights European Union law can be enforced by the courts of member states. In case of European Union law which should have been transposed into the laws of member states, such as Directives, the European Commission can take proceedings against the member state under the Treaty on the Functioning of the European Union. The European Court of Justice is the highest court able to interpret European Union law. Supplementary sources of European Union law include case law by the Court of Justice, international law and general principles of European Union law.

paragraph_text: At the end of the war, millions of people were dead and millions homeless, the European economy had collapsed, and much of the European industrial infrastructure had been destroyed. The Soviet Union, too, had been heavily affected. In response, in 1947, U.S. Secretary of State George Marshall devised the ``European Recovery Program '', which became known as the Marshall Plan. Under the plan, during 1948 -- 1952 the United States government allocated US $13 billion (US $139 billion in 2016 dollars) for the reconstruction of Western Europe.

paragraph_text: According to the latest International Monetary Fund estimates, its per capita GDP (adjusted for purchasing power) at $30,769 is just above the average of the European Union.[citation needed] Cyprus has been sought as a base for several offshore businesses for its low tax rates. Tourism, financial services and shipping are significant parts of the economy. Economic policy of the Cyprus government has focused on meeting the criteria for admission to the European Union. The Cypriot government adopted the euro as the national currency on 1 January 2008.

paragraph_text: The severe weather in the Alps has been studied since the 18th century; particularly the weather patterns such as the seasonal foehn wind. Numerous weather stations were placed in the mountains early in the early 20th century, providing continuous data for climatologists. Some of the valleys are quite arid such as the Aosta valley in Italy, the Maurienne in France, the Valais in Switzerland, and northern Tyrol.

paragraph_text: In 1986, Portugal joined the European Economic Community (EEC) that later became the European Union (EU). In the following years Portugal's economy progressed considerably as a result of EEC/EU structural and cohesion funds and Portuguese companies' easier access to foreign markets.

paragraph_text: Greece is a developed country with high standards of living[citation needed] and high Human Development Index. Its economy mainly comprises the service sector (85.0%) and industry (12.0%), while agriculture makes up 3.0% of the national economic output. Important Greek industries include tourism (with 14.9 million international tourists in 2009, it is ranked as the 7th most visited country in the European Union and 16th in the world by the United Nations World Tourism Organization) and merchant shipping (at 16.2% of the world's total capacity, the Greek merchant marine is the largest in the world), while the country is also a considerable agricultural producer (including fisheries) within the union.

Question: How was the economy of the country containing Valais ranked by the European Union?
Answer: Europe's most innovative country