High Nordic rankings in Global Competitiveness
The Global Competitiveness Report 2015-2016 by The World Economic Forum assesses the competitiveness landscape of 140 economies. Switzerland followed by Singapore and the USA topped the list in this year’s study. Finland’s rank was 8th followed by Sweden as 9th. Norway and Denmark were 11th and 12th in overall rankings.
The Global Competitiveness Report is based mainly on assessments and opinions received from business leaders as well as official statistics, even though other studies are also considered in the analysis of the results. This report is often referred to by politicians, decision makers and various experts.
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Where to grow your business 2015
Grant Thornton, a large international network of independent accounting and consulting firms, just published their annual Global Dynamism Index (GDI) report for 2015 “Going beyond borders: Where to grow your business”. This index combines 22 indicators across five growth areas to rank the business growth environment of the 60 largest economies in the world. Finland shared with Australia the third overall ranking after Singapore and Israel. Sweden ranked as fourth and Norway as 8th. According to Grant Thornton, Finland and Sweden would be the most dynamic economies in Europe from a business perspective. Finland and Sweden ranked high in “Business operating environment” and “Technology”.
In international comparison the strengths of the Nordic countries lies in political and legal stability, a well developed financing environment as well as advanced technology and high R&D spending.
Finland and Sweden should, according to Grant Thornton, offer very good opportunities for you to grow your business.
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Nordea Bank published an outlook for the Nordic countries
The economic performance of the Nordic countries still varies. Sweden is clearly in the lead, with high growth and rising employment. Also the Danish economy has entered a stable recovery phase, although at a more modest pace. Meanwhile, the otherwise strong Norwegian economy is losing steam due to the sharp drop in oil prices, and Finland is still lagging behind the other Nordics due to weak domestic demand and the slowdown of the Russian economy.
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