Denmark has climbed a place in the rankings of the latest Global Competitiveness Report that assesses the competitiveness of 140 world economies, placing 12th overall.
The result means that Denmark has moved up the Global Competitiveness Index for the second consecutive year.
Carried out by experts from the World Economic Forum, the report evaluates the countries’ overall performance in 12 categories.
Denmark scored highest for the basic requirements categories: institutions, infrastructure, macroeconomic environment, and health and primary education.
Other categories include labour market efficiency, financial market development, business sophistication, and innovation.
Switzerland topped the index for the seventh year in a row, followed by Singapore, the United States, Germany and the Netherlands.
The report defines competitiveness as higher productivity and considers it “a key driver of growth and resilience”.