Denmark back in top 10 in IMD’s competitiveness ranking
23 May 2014
After a few years below the top ten, Denmark is back among the 10 most competitive countries in the world according to the 2014 IMD ranking.
Denmark’s position as number 9 is based on top rankings within two of four main categories; business efficiency and infrastructure. These categories cover areas such as adaptability of companies to market changes, worker motivation and skilled labour.
Europe generally performs better than last year thanks to a gradual economic recovery. Furthermore, Denmark’s improved ranking is a result of economic improvements such as GDP growth, increased investment flows and lower personal taxes.
Earlier this month, the Danish Government launched another growth plan with recommendations to make it easier and cheaper to do business in Denmark, improve international recruitment and facilitate access to financing options.
For the past three years, Denmark has achieved the top position among European countries in the World Bank’s Ease of Doing Business Index which supports IMD’s positive evaluation of the Danish business environment.
About IMD’s Competitiveness Ranking
The IMD World Competitiveness Yearbook will be published at the end of June and ranks and analyses the ability of nations to create and maintain an environment in which enterprises can compete. Based on analyses made by leading scholars and IMD’s own experience, the methodology divides the national environment into four main factors: Economic Performance, Government Efficiency, Business Efficiency and Infrastructure.
The overall ranking reflects more than 300 criteria, two-thirds of which are based on statistical indicators and one-third on an exclusive IMD survey of 4,300 international executives.
View the World Competitiveness Scoreboard 2014 here