Denmark one of the most competitive countries for business

Economic turnaround fuels rebound in rankings

May 28th, 2014 11:19 am| by admin
facebooktwittergoogle_pluspinterestmail

Denmark is one of the ten most competitive countries in the world when it comes to business, according to this year’s International Institute for Management Development (IMD) rankings.

After spending a few years outside of the top ten, the country earned the number nine slot based on achieving top marks in business efficiency and infrastructure, two of the four main categories measured.

These categories cover areas such as the adaptability of companies to market changes, worker motivation and skilled labour.

Earlier this month, the government launched a growth plan with recommendations to make it easier and cheaper to do business in Denmark, improve international recruitment and facilitate access to financing options. The survey pointed at economic improvements such as GDP growth, increased investment and lower personal taxes as part of the reason for the country’s improved ranking.

READ MORE: Blue chips break C20 index record

For the past three years, Denmark has achieved the top position among European countries in the World Bank’s Ease of Doing Business Index, thus supporting IMD’s positive evaluation of the Danish business environment.

European rebound
Europe in general performed better than last year thanks to the gradual economic recovery. Scandinavian neighbours Sweden and Norway also cracked the top ten at numbers four and ten respectively.

The IMD World Competitiveness Yearbook will be published at the end of June and ranks and analyses the ability of nations to create and maintain a competitive business environment. Countries are measured according to four main areas: Economic Performance, Government Efficiency, Business Efficiency and Infrastructure.

The rankings reflect more than 300 criteria, which are judged based on statistical indicators and an IMD survey of 4,300 international executives.

The IMD business school is located in Lausanne, Switzerland, and is one of the world's premier business and management institutions. 

The complete IMD rankings can be view here

The UV index will be extremely high today and tomorrow (photo: iStock)
DMI: Beware of powerful UV rays over the next couple of days
After languishing through the most dismal Danish June since 1991, one could...
Yeeaaahh ... not so much of this going on (photo: iStock)
Most Danes annoyed with their neighbours
Whether it be loud parties, crying babies, barking dogs or cigarette smoke,...
Just being able to read a map is no longer enough (photo: iStock)
Taxi drivers required to speak Danish in Aarhus and Copenhagen
From now on, taxi drivers in Copenhagen and Aarhus will be required to pass...
The new justice minister, Søren Pind, wants Syria fighters held accountable (photo: iStock)
Action group against Syria fighters established
The government today revealed that it will set up a special action group ch...
Best of British: Ben Whishaw (Brideshead Revisited the movie), Jeremy Irons (Brideshead revisited the series) and Tom Hiddleston (err ... Thor)
This week’s TV: Ain’t nothing hollow about these heavyweights
This week's pick: The Hollow Crown SVT2, Sat 20:30 Who can’t get eno...
Don't screw with Ryan, or you will get him pissed (he has a reputation)
Roskilde Festival: The summer of 15 … hasn’t quite got the same ring to it
  Mr Ryan Adams, the alternative country singer, flew straight from...