Denmark improves competitiveness

Denmark jumps up two places to reach a 13th place in World Economic Forum’s Global Competitiveness Report 2014-15. This owes to, among other things, Denmark’s improved credit rating and more favorable macroeconomic conditions.

Denmark stands out from the other Nordic countries in terms of labour market flexibility (number 12 in the world). The country continues to distinguish itself as having one of the most efficient labour markets with flexible regulations, strong labour-employer relations, and a very high percentage of women in the labour force.

Denmark also continues to receive a first-rate assessment for its higher education and training system (number 10 in the world), which provides the Danish workforce with the skills needed to adapt rapidly to a changing environment and has laid the ground for high levels of technological adoption and innovation. A continued strong focus on education would allow the workforce to maintain the skill levels needed to provide the basis for sustained innovation-led growth. 

Similar to its Nordic neighbours, Denmark continues to benefit from a well-functioning and highly transparent institutional framework (number 16 in the world). 

Read the Global Competitiveness Report 2014-15.