Denmark ranked 7th most globalised country in the world

Danes ranked 7th on KOF’s annual Index of Globalisation

According to the KOF Swiss Economic Institute, Denmark is one of the most globalised nations in the world.

Denmark fell one spot from last year and was ranked 7th on KOF’s 2015 Index of Globalisation behind leaders Ireland, the Netherlands, Belgium, Austria, Singapore and Sweden.

The index (here in English) is based on three central aspects: economic globalisation, social globalisation and political globalisation.

It essentially assesses global connectivity, integration and interdependence in six areas: economic, social, technological, cultural, political, and ecological.

READ MORE: Denmark remains among most economically free nations in the world

European toppers
Denmark was ranked 18th for economic globalisation, 9th for social globalisation and 19th for political globalisation. The Faroe Islands was ranked 172th, while Greenland ranked 195th.

Aside from the three key parameters, the rankings are also based on five sub-parameters: actual economic flows, economic restrictions, data on information flows, data on personal contact and data on cultural proximity.

Portugal, Switzerland, Finland, Hungary, Canada, the Czech Republic, Spain and Luxembourg rounded up the top 15, while other notables included Norway (18), the UK (19), Australia (21), Germany (27), the US (34), Russia (53), Japan (54), China (75), Brazil (77) and India (109).

In total, Europe filled 13 of the top 15 places.