Denmark no. 2 in IMD World Competitiveness Index 2016
01 June 2016
Denmark has the 2nd most competitive economy in the EU and the 6th best in the world according to the 2016 World Competitiveness Index by IMD.
Denmark is number two among the EU-28 for managing its resources and competencies to facilitate long-term value creation.
On 30 May 2016, the top global Swiss business school IMD announced the findings of its annual World Competitiveness Yearbook.
Copenhagen is great for doing business
Ranking 61 economies worldwide, the IMD looks at several aspects of each country as a place to conduct business.
The IMD Competitiveness Yearbook positions each country based on more than 340 criteria derived from four key factors: economic performance, business efficiency, government efficiency and infrastructure.
Denmark’s lead position is based on top rankings within three of the four main categories government efficiency, business efficiency and infrastructure. These categories cover areas such as:
- Business legislation
- Institutional framework
- Ability to attract and retain talent
- Productivity and efficiency
- Education and language skills
- Worker motivation
- Health and environment
- Technological infrastructure, including logistics management
- Scientific infrastructure, including researchers and personnel in R&D.
Welcome investors, companies and talent
“The IMD competitiveness ranking confirms Denmark’s position as one of the world’s most attractive countries for business. Greater Copenhagen offers innovative companies, a highly skilled workforce, very competitive taxes and business costs, and a famously flexible labour market. Copenhagen Capacity is ready to assist all foreign investors, companies and talent in setting up and growing their business in Greater Copenhagen”, says Claus Lønborg, CEO, Copenhagen Capacity.
Globally, the 2016 edition ranks Hong Kong first, Switzerland second and the US third, with Singapore, Sweden, Denmark, Ireland, the Netherlands, Norway and Canada completing the top 10.
About the IMD World Competitiveness Rankings
The IMD World Competitiveness Yearbook measures how well countries manage their competencies and resources to facilitate long-term value creation. The ranking reflects 340 criteria, approximately two-thirds of which are based on statistical indicators and one-third on an exclusive IMD survey among 5,400 business executives.
If you want to know more about the 2016 World Competitiveness Rankings, please visit IMD’s website.
How can we help you company?
If you want to know more about setting up a business in Greater Copenhagen, you are always welcome to contact our business consultants.
2016 World Competitiveness Index Top 10 among the EU-28:
- United Kingdom