The most widely used measurement of corruption is Transparency International’s annual Corruption Perception Index, which focuses on the perception of corruption in the public sector. The newly released 2014 edition covers 175 countries and places Denmark at the top of the list.
Positive impact on business climate
Denmark takes first place with a score of 92 out of 100, with New Zealand, Finland, Sweden and Norway rounding out the top 5. More than two thirds of the countries surveyed scored below 50.
“Denmark’s consistent top-ranking as the least corrupt country in the world is an important parameter for many international companies considering investments in Denmark. Corruption has a negative and significant effect on investment growth in many countries, and I am therefore pleased that Transparency International’s most recent study confirms Denmark’s credentials. Our well-functioning public sector continues to set us apart as an attractive investment destination”, says Dorte Bech Vizard, Director of Invest in Denmark.
Denmark is often highlighted as a good place to do business because of the safe business environment with no bribery and a very well-functioning public sector. Just recently the World Bank ranked Denmark number one in Europe with regards to the ease of doing business.
About the Corruption Perception Index (CPI)
The 2014 CPI draws on data sources from independent institutions specialising in governance and business climate analysis. The CPI includes only sources that provide a score for a set of countries/territories and that measure perceptions of corruption in the public sector. Transparency International reviews the methodology of each data source in detail to ensure that the sources used meet Transparency International’s quality standards.
The CPI is an indicator of perceptions of public sector corruption, i.e. administrative and political corruption. It is not a verdict on the levels of corruption of entire nations or societies, or of their policies, or the activities of their private sector. CPI is conducted by Transparency International, a global civil society organisation against corruption. Visit the Transparency International homepage or go directly to the CPI 2014.