Denmark moving up in the competitiveness rankings
Still lagging behind its Nordic rivals
After a couple of years of decline, Denmark’s ability to compete on the global stage is improving, according to the newly-published annual Global Competitiveness Report from the World Economic Forum.
Denmark moved up two places and is now ranked 13 on the global competitiveness rankings just ahead of Taiwan and Canada but still behind its Nordic cousins Norway (11), Sweden (10) and Finland (4).
“While the divide between a highly competitive North and a lagging South and East persists, a new outlook on the European competitiveness divide between those countries implementing reforms and those that are not can now also be observed,” the report found.
The Global Competitiveness Report assesses the competitiveness landscape of 144 national economies, looking at the drivers of their productivity and prosperity.
Switzerland finished atop the rankings, followed by Singapore, the US, Finalnd and Germany. Japan, Hong Kong, the Netherlands, the UK and Sweden rounded out the top ten.
Other notable rankings included Australia (22), France (23), Ireland (25), South Korea (26), China (28), Spain (35), Turkey (45), Russia (53), Brazil (57) and India (71), while Yemen, Chad and Guinea were the bottom three on the list. See the full report here.