IMD World Competitiveness Booklet 2023

Competitiveness Country Profiles

Denmark Competitiveness Trends – Overall

OVERALL PERFORMANCE (64 countries)

BASIC FACTS

Rank

2019

2020

2021

2022

2023

Capital Land area (square km '000)

Copenhagen

1

1

2

43 2022

3

7,145 2022

Exchange rate (per $)

5,90 2022 45 391,6 2022 35 69.632 2022 11 3,8 2022 32 8,53 2022 36 4,50 2022 27 3,12 2022 45 13,24 2022 09 154,2 2021 37 3,69 2021 21

8

Population - market size (millions)

Gross Domestic Product (GDP) (US$ billions)

CHALLENGES IN 2023

GDP (PPP) per capita (US$)

• Reform the labor market to strengthen access to qualified labor. • Boost productivity through incentivizing investments in ICT equipment, automation, and digital skills. • Rethink the design of the public sector with e.g. more public-private collaboration, increased digitization, and higher efficiency. • Boost R&D through a permanent research deduction of 130%. • Lower taxes to strengthen companies' competitiveness so they can better embrace global opportunities.

Real GDP growth (%)

Consumer price inflation (%)

Unemployment rate (%)

Labor force (millions)

Current account balance (% of GDP)

Direct investment stocks inward ($bn)

Direct investment flows inward (% of GDP)

PROVIDED BY: Confederation of Danish Industry

COMPETITIVENESS LANDSCAPE

Economic Performance Government Efficiency

Business Efficiency

Infrastructure

Domestic Economy

International Trade

International Investment Employment Prices

Public Finance Tax Policy

2 2 1 1 Institutional Framework Business Legislation

Societal Framework

Productivity & Efficiency Labor Market Finance

1 5 3 Management Practices Attitudes & Values

Basic Infrastructure

Technological Infrastructure Scientific Infrastructure

Health & Environment Education

2

2

3

5

7 4

12

13 10 15

19

49

53

PEER GROUPS RANKINGS EUROPE - MIDDLE EAST - AFRICA (41 countries)

POPULATIONS < 20 MILLION (37 countries)

2019

2020

2021

2022

2023

2019

2020

2021

2022

2023

1

1

1

1

1

2

3

3

7

5

71