• Denmark's news in English
 
app_header_v3

Denmark world's best country for business

The Local · 5 Jan 2015, 15:38

Published: 18 Dec 2014 08:28 GMT+01:00
Updated: 05 Jan 2015 15:38 GMT+01:00

Forbes magazine on Wednesday ranked Denmark as the best country in the world for business. This follows Denmark’s fourth-place ranking in the World Bank’s Doing Business report. 
 
The Forbes ranking returns Denmark to the top spot that it enjoyed for three straight years between 2008 and 2010. 
 
“Denmark’s business climate is extremely positive. It scored highly across the board, finishing in the top 25 in each of the 11 categories we considered with top five showings for personal freedom, technology and low corruption,” Forbes wrote. 
 
 
The magazine pointed to Denmark’s ‘flexisecurity’ model, which allows employers to easily hire and fire workers while also allowing for generous unemployment benefits and job training for those who are out of work. 
 
“The model encourages economic efficiency where employees end up in the job they are best suited for. It allows employers to quickly change and reallocate resources in the workplace,” John Weis, an economist at Moody’s Analytics, told Forbes. 
 
Forbes also highlighted Denmark’s fostering environment for entrepreneurs, where a streamlined process allows individuals to quickly get start-ups off the ground. 
 
But despite Denmark’s top position in the report, Forbes writes that “Denmark’s economy has struggled in recent years”, pointing to the government’s decision just last week to cut its growth predictions for 2014 and 2015. The American business magazine blames much of the country’s problems on the struggles of the rest of the European Union. 
 
“Denmark relies on the core of Europe for their export demand and they are struggling to fill that void right now,” Weis told Forbes. 
 
The Forbes Best Countries for Business report ranked 146 countries on eleven factors: property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance. 
 
Denmark’s Nordic neighbours Sweden, Norway and Finland were also among Forbes’ top ten countries for business. 
 
Forbes’ Best Countries for Business
 
1. Denmark
2. Hong Kong
Story continues below…
3. New Zealand
4. Ireland
5. Sweden
6. Canada
7. Norway
8. Singapore
9. Switzerland
10. Finland

For more news from Denmark, join us on Facebook and Twitter.

Your comments about this article

Today's headlines
Danish comedian slams prayer and religion in viral video
Photo: John MacDougall/Scanpix

A video by a Danish comedian has stirred up a heated debate on the utility of prayer and religion in general.

Danish asylum centre visited by alleged Isis recruiter
Rønne harbour. A number of new asylum centres have been established on the island of Bornholm in recent years. Photo: Ehrenberg Kommuni

A Danish asylum centre on the island of Bornholm was purportedly visited by a man claiming to be an Isis representative.

Nude photo exhibition opens in Copenhagen
Mathilde Grafström's photographs are intended to show that there is nothing wrong with the female body. Photo: Mathilde Grafström

A controversial nude photo exhibition finally opened on Copenhagen’s Nytorv square on Monday after months of wrangling with the local police.

Danes: Muslims must speak out against terrorism
Flowers left outside the French embassy in Copenhagen the day after the attack in Nice, France. Photo: Ólafur Steinar Gestsson/Scanpix

According to a new survey, 3 in 4 Danes believe that Muslims in Denmark are not doing enough to distance themselves from extremist acts carried out in the name of their religion.

Copenhagen 4th most liveable city in the world
The magazine praised Copenhagen’s bicycle-friendly infrastructure and nightlife. Photo: Roman Board/Flickr

The Danish capital makes a comeback in the British lifestyle magazine Monocle’s Quality of Life Index, where it 'only' came in 10th last year.

Number of Danes joining Isis in decline
Syrian civil defence members evacuate a young man following a reported air strike on the besieged rebel-controlled town of Douma. Abd Doumany/Scanpix

A number of recently published reports from Scandinavian intelligence services suggest that Isis recruitment peaked across Denmark and the rest of Scandinavia in 2013/2014.

Denmark slammed for sending lesbians to Uganda

Denmark’s decision to deny asylum to three lesbians and send them back to their home country of Uganda has been criticized by an LGBT group.

Denmark's heat wave to continue into next week
Take a dip this weekend – you never know what the rest of summer will have in store! Photo: Erik Refner/Scanpix

The long-awaited summer warmth that finally returned to Denmark this week will be sticking around for awhile, meteorologists said on Friday.

More work makes you sick: Danish study

A study that followed Danish workers for 12 years found that when companies enjoy an uptick in business, their employees pay for it with their well-being.

Danish women have become more violent
Photo: Colourbox

Danish women are closing the gender gap when it comes to crime.

Sponsored Article
Why Swiss hospitality graduates are in demand
Danish Pokémon Go player finds dead body
Technology
Danish Pokémon Go player finds dead body
Denmark can't keep up with trove of ancient discoveries
Denmark can't keep up with trove of ancient discoveries
Our complete coverage from the 2016 Roskilde Festival
Culture
Our complete coverage from the 2016 Roskilde Festival
Sponsored Article
Why expats choose international health insurance
Danish police use infamous 'jewellery law' for first time
National
Danish police use infamous 'jewellery law' for first time
National
Danes with foreign spouses to be hit by new restriction
International
After Brexit, Danish PM resists calls for similar EU referendum
International
Why Denmark won't try to follow the UK out of the EU
Sponsored Article
Why you should attend an international job fair
Copenhagen police tear down Christiania cannabis market
National
Copenhagen police tear down Christiania cannabis market
Sponsored Article
Gran Canaria: Where Swedes go to work (and play)
Danish PM: Orlando shooting act of 'hatred'
International
Danish PM: Orlando shooting act of 'hatred'
Society
Sex campaigns lead to Danish baby boom
Sponsored Article
Why Swiss hospitality graduates are in demand
National
Don't worry Denmark, the world still loves you
Culture
Danish diversity ad a massive social media hit – have you seen it?
National
Denmark scraps green card but spares current holders
Sponsored Article
Five things Americans should know about voting abroad
Denmark takes historic step for transgender rights
Society
Denmark takes historic step for transgender rights
Sponsored Article
Why expats choose international health insurance
Denmark to impose new 'integration' rules on kids
National
Denmark to impose new 'integration' rules on kids
Green card holders in Denmark in race against time
National
Green card holders in Denmark in race against time
How Copenhagen achieved an ‘organic food revolution’
National
How Copenhagen achieved an ‘organic food revolution’
Sponsored Article
Why you should attend an international job fair
Travel
The second best destination in all of Europe is...
Sport
We are the champions! Denmark wins world badminton team title
After 100 years, British WW1 sailor identified in Denmark
National
After 100 years, British WW1 sailor identified in Denmark
Society
Strangest political story in Denmark just got stranger
2,306
jobs available