Denmark 12th on Global Competitiveness Index

Denmark is ranked 12th on the Global Competitiveness Index 2017-18 by World Economic Forum, performing in top 10 in higher education, innovation, business sophistication, labour market efficiency and macroeconomic development.

Covering 137 economies, the Global Competitiveness Index measures national competitiveness – defined as the set of institutions, policies and factors that determine the level of productivity.

Denmark comes in 12th spot, ranking:

#6 in higher education and training – including quality of math and science education, enrollment rates, internet access in schools, and staff training

#10 in innovation – including capacity for innovation, R&D spending in companies, PCT patents, and university-industry collaboration in R&D

#10 in macroeconomic development – including country credit rating, government budget balance, gross national savings, inflation.

#10 in business sophistication – including cluster development, competitive advantage, value chain breadth, local supplier quantity and quality

#10 in labour market efficiency – including hiring and firing practices, redundancy costs, pay and productivity, cooperation in labour-employer relations, ability to attract and retain talent.

#12 in technological readiness – including firm-level technology absorption, internet users, mobile broadband subscriptions, availability of latest technologies.

Read more about the Global Competitiveness Index 2017-18 here.