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Denmark Overtakes Switzerland as World’s Most Competitive Nation

Pedestrians walk along a pedestrianized shopping street in Copenhagen, Denmark.

Pedestrians walk along a pedestrianized shopping street in Copenhagen, Denmark.

Photographer: Carsten Snejbjerg/Bloomberg

Denmark has overtaken Switzerland as the world’s most competitive economy after the Nordic country outperformed peers during the pandemic.

Denmark rose from third place last year to take 2022’s top spot for the first time in the 34 years that the IMD Business School has published its World Competitiveness Ranking, according to a statement on Wednesday.