Denmark no. 2 in 2015 IMD World Competitiveness Ranking

Up on spot from last year, Denmark is no. 2 in the EU and no. 8 in the world in the 2015 World Competitiveness Ranking by IMD.

Denmark is number two among the EU-28 for managing its resources and competencies to facilitate long-term value creation according to IMD, a top global business school in Switzerland and Singapore.

As part of its ranking of 61 economies worldwide, the IMD ranking looks at several aspects of each country as a place to conduct business.

A question of business efficiency

The ranking shows one particular commonality among the best ranking countries; nine of the top 10 countries are also in the top 10 of the business efficiency factor.

Business efficiency focuses on the extent to which each country encourages enterprises to perform in a profitable, innovative and responsible manner, assessing indicators related to:

  • Productivity such as the labour market.
  • Finance.
  • Management practices.
  • The attitudes and values that characterise the business environment. 

The ranking includes more than 300 criteria, two-thirds of which are based on statistical indicators and one-third on an IMD survey of 6,234 international executives.

Top 10:

  1. USA
  2. Hong Kong
  3. Singapore
  4. Switzerland
  5. Canada
  6. Luxembourg
  7. Norway
  8. Denmark
  9. Sweden
  10. Germany

See more about the 2015 World Competitiveness Ranking on IMDs website.