Your ranking can be based on whatever musically-based criteria you like (best songwriters, best overall band, best musicians, best rock group, least offensive pop music, most dance-able, etc).
I actually actively disliked Roxette and Ace of Base which is odd because I usually just ignore stuff I don’t like. Maybe I guess in those days I listened to the radio a lot and was annoyed by their constant presence.
ABBA first off, but I will also give a shout-out to The Sounds, an indie band I wish got more radio time in the US 15 years ago.
The elephant in the room is Max Martin, along with Dr. Luke, Shellback, etc. They built so many hits for and with the top popstars today. **Britney Spears’ **version of Hit Me Baby, One More Time is basically a cover of Max Martin’s demo, hiccups, chirps and all (as reported in a profile of him in the New Yorker; apparently the demo is kept private).
In 1974 a group named Blue Swede made a recording of “Hooked on a Feeling” in which the back-up singers chanted “Ooga chukka, Ooga Ooga Ooga chukka.” Sounded like they were playing choo-choo train.
And how about Hep Stars, here in 1969. As CSI Ambleside commented 2 years ago, “That girl has a dreadful voice. The key board player looks like the guy from Abba.”