Denmark among top 10 most competitive economies
The index assesses the competitiveness landscape of 140 economies, ranking them on 98 parameters on a scale from 0-100, organised across 12 pillars. Denmark receives a score on 80.6 - 0.7 per cent point higher than last year.
We are in the fourth industrial revolution, where the wining economies are those with a well-established ecosystem for innovation, economic stability and especially a flexible labour market. That is why Denmark is in top 10.
This year Global Competitiveness Index ranks the United States first with a score of 85.6, Singapore second and Germany third.
Danish economy well prepared for the future
The Danish economy performs exceptionally well on macroeconomic stability and access to an agile and dynamic business environment with a very high degree of ITC adoption. In addition, Denmark receives a high score for a well-functioning labour market, which fosters productivity and a highly skilled workforce.
One of the major qualities of doing business in Denmark is our flexible and competent labour market which minimise risk and cost for companies. When establishing a business in Denmark, a foreign company will experience competitive labour costs and high productivity levels, making the Danish workforce one of the most efficient in Europe. Combined with decades of economic and political stability as well as the Danish ability to innovate and welcome new technology, doing business in Denmark is both futureproof and safe.
The pillar ‘Skills’ in the index measures educational level, skillset of the workforce and the accessibility of qualified labour. In this pillar, Denmark excel with a top score in the category ‘Future Workforce', which measures the educational system, critical thinking and skills of the future workforce.
Click to explore Denmark’s performance on the Global Competitiveness Index.