Denmark takes the seventh place in the 2017 IMD World Competitiveness Ranking, outcompeting fellow Nordic countries Sweden, Norway and Finland.
Hong Kong, Switzerland and Singapore are the world’s most competitive nations with Denmark following suit in the seventh spot, a new report shows.
The freshly released report, IMD World Competitiveness Yearbook 2017, is compiled by the renowned International Institute for Management Development (IMD).
Great for business efficiency
Denmark performs very well within business legislation, institutional framework and equal opportunities as well as in business efficiency parameters such as management practices, finance, and productivity and efficiency, the IMD report points out.
The country also ranks high in infrastructure competitiveness parameters including education, health and environment, technological infrastructure, and scientific infrastructure.
Denmark is down one place from last year, but still ahead of most other Nordic countries such as Sweden (9), Norway (11), Germany (13) and Finland (15).
Denmark is one of the most digital countries
For the first time this year, the IMD World Competitiveness Center is publishing a separate report ranking countries’ digital competitiveness.
The new Digital Competitiveness Ranking introduces several new criteria to measure countries’ ability to adopt and explore digital technologies leading to transformation in government practices, business models and society in general.
Denmark is in the top when it comes to digital convertibility, and takes the fifth spot among countries with the best digital competitiveness.
Skype, Unity, Trustpilot, Zendesk, Momondo, JustEat
“Denmark is one of the most creative and innovative countries in Europe and has fostered global success companies such as Skype, Unity, Trustpilot, Zendesk, Momondo, JustEat and Vivino. Denmark is pushing a progressive digitisation agenda in the public sector and making data accessible for companies, which makes Greater Copenhagen a leading hotspot for innovative tech startups and smart city solutions”, says Claus Lønborg, CEO, Copenhagen Capacity.
In the recent Digital Economy and Society Index (DESI) 2017, Denmark made outstanding progress in the use of digital technologies by enterprises and citizens, leading both EU and world rankings.
Related news: Denmark is the most digital country in the EU
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The world’s top 10 competitive countries
- Hong Kong
- United Arab Emirates