The 2012 Global Entrepreneurship and Development Index (GEDI) Country Rankings Excerpt: DENMARK

The 2012 Global Entrepreneurship and Development Index (GEDI) Country Rankings Excerpt: DENMARK

GEDI 2012 Country Excerpt for DENMARK #5 s overall GEDI score 0.55 Size of population 2011 (in million): 5.5 Per capita GDP in international US$ 2009 (PPP, World Bank): 36762 Level of development: innovation driven Rank in Doing Business Index 2010-2011: 6/183 Rank in Global Competitiveness Index 2010-2011: 9/139 Rank in Economic Freedom Index 2010-2011 8/179 Global Entrepreneurship and Development Index rank (point): 5 (0.55) Attitudes sub-index rank (point): 5 () Action sub-index rank (point): 7 () Aspirations sub-index rank (point): 10 (0.45) Weakest pillar to improve (value): HIGH GROWTH (0.31) Weakest variable to improve (value) NEWT (0.27) The relative position of in the Global Entrepreneurship and Development Index and at the sub-index level Global Entrepreneurship and Development Index Attitudes Sub-index Action Sub-index Aspiration Sub-index

The relative position of in the Global Entrepreneurship and Development Index Rank Country GEDINDEX Rank Country GEDINDEX 1 United States 41 Peru 0.26 2 Sweden 0.57 42 Lebanon 0.26 3 Australia 0.56 43 Mexico 0.25 4 Iceland 0.55 44 Malaysia 0.25 5 0.55 45 South Africa 0.25 6 Canada 0.54 46 Argentina 0.24 7 Switzerland 0.54 47 Tunisia 0.24 8 Belgium 48 Romania 0.23 9 Norway 0.49 49 Macedonia 0.23 10 Netherlands 0.48 50 Jamaica 0.22 11 Taiwan 0.48 51 Trinidad and Tobago 0.21 12 Singapore 0.47 52 Jordan 0.21 13 United Kingdom 0.46 53 Costa Rica 0.21 14 Austria 0.46 54 Dominican Republic 0.21 15 Ireland 0.46 55 Panama 0.21 16 Germany 0.46 56 Brazil 17 Finland 0.45 57 Venezuela 18 France 0.45 58 China 19 Puerto Rico 0.45 59 Algeria 20 United Arab Emirates 0.45 60 Indonesia 21 Israel 0.45 61 Morocco 0.19 22 Chile 0.42 62 Russia 0.18 23 Slovenia 0.42 63 Serbia 0.18 24 Czech Republic 64 Kazakhstan 0.18 25 Saudi Arabia 0.36 65 Thailand 0.18 26 Korea 0.35 66 Syria 0.18 27 Uruguay 0.34 67 Iran 0.17 28 Japan 0.34 68 Egypt 0.17 29 Spain 0.33 69 Bolivia 0.16 30 Hong Kong 0.32 70 Bosnia and Herzegovina 0.16 31 Poland 0.31 71 Ecuador 0.15 32 Latvia 0.31 72 Philippines 0.15 33 Italy 0.29 73 Pakistan 0.14 34 Hungary 0.29 74 India 0.14 35 Portugal 0.29 75 Guatemala 0.13 36 Turkey 0.29 76 Zambia 0.13 37 Croatia 0.29 77 Ghana 0.13 38 Greece 0.29 78 Angola 0.13 39 Colombia 0.27 79 Uganda 0.08 40 Montenegro 0.27

Entrepreneural Aspiration Entrepreneural Aspiration Action Action Attitudes Attitudes The relative position of at the pillar level The strengths and weaknesses of at the pillar level Weaknesses Strenghts OPPORTUNITY PERCEPTION NETWORKING TECH SECTOR OPPORTUNITY STARTUP HIGH GROWTH PRODUCT INNOVATION

ENTREPRENEURIAL ASPIRATIONS ENTREPRENEURIA L ACTION ENTREPRENEURIAL ATTITUDES The relative position of in the variable level INSTITUTIONAL VARIABLES INDVIDUAL VARIABLES PILLARS MARKETAGGLOM 0.58 OPPORTUNITY 0.45 OPPORTUNITY PERCEPTION EDUCPOSTSEC 0.81 SKILL 0.35 STARTUP SKILLS BUSINESS RISK NONFAIR 0.38 NONFEAR OF FAILURE 0.52 INTERNETUSAGE 0.93 KNOWENT 0.59 NETWORKING 0.82 CORRUPTION 0.99 CARSTART 0.41 CULTURAL SUPPORT 0.82 FREEDOM 0.97 TEAOPPORT 0.79 OPPORTUNITY STARTUP 0.84 TECHABSORP 0.84 TECHSECT TECH SECTOR 0.34 QUALITY OF HUMAN STAFFTRAIN 0.87 HIGHEDUC 0.56 RESOURCE 0.65 MARKDOM 0.77 COMPET 0.82 COMPETITION 0.79 TECHTRANSFER 0.73 NEWP 0.61 PRODUCT INNOVATION 0.82 GERD 0.56 NEWT 0.24 PROCESS INNOVATION 0.32 BUSS STRATEGY 0.77 GAZELLE 0.27 HIGH GROWTH 0.31 GLOBAL 0.88 EXPORT 0.32 INTERNATlONALIZATION 0.34 VENTCAP 0.43 INFINV 0.38 RISK CAPITAL 0.57 INSTITUTIONS 0.79 INDIVIDUAL 0.46 GEDI 0.55 The best and worst three variables for Worst three variables Best three variables 0.24 NEWT BUSINESS RISK 0.27 GAZELLE CORRUPTION 0.99 TECHSECT FREEDOM 0.97 The George Mason School of Public Policy s Center for Entrepreneurship and Public Policy (CEPP) is a global leader in the field of Entrepreneurship and Comparative Public Policy. At CEPP, we use the Global Entrepreneurship and Development Index (GEDI) to distill the complex relationship between individuals, institutions and entrepreneurship into clear and implementable results for public policy and program development. For more information regarding country specific reports, regional analysis and consultancies, contact: Ruta Aidis, PhD (raidis@gmu.edu) or visit http://cepp.gmu.edu