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 minister's "pilgrimage" to the camps hardened her resolve to pick and choose (photo:pixabay)
Straight up: Refugees and the politics of fear
  The reality of a Lars Rasmussen-led government has hit home. The ...
(All photos: Hasse Ferrold)
About Town: Homeland’s head honcho, cuban cigars and the spaceman
  American TV-producer and scriptwriter Howard Gordon (left), the c...
Why  fly to Italy, when you can have it around the corner. (All photos: Becks Kaysen)
Fabulous Florentine fare in the heart of Frederiksberg
  After an evening at Fabio’s I was left with so much praise for ...
(All photos: Ella Navarro)
Out and About: Connecting Copenhageners, both internationals and Danes
  Last week on Thursday saw the inauguration of Absalon’s ‘folk...
The younger you are, the higher you aspire? (photo:istock)
Young people’s choice: the corporate ladder or the startup trampoline
  Young people are overrepresented among entrepreneurs, but is this...
Do you have what it takes to guess Brian's quiz? (photo: istock)
Brian’s Brainteaser
  How to win Identify what the clues in each circle have in common...