Denmark has a developed mixed economy that is classed as a high-income economy by the World Bank. In 2017, it ranked 16th in the world in terms of gross national income (PPP) per capita and 10th in nominal GNI per capita. Denmark's economy stands out as one of the most free in the Index of Economic Freedom and the Economic Freedom of the World. It is the 10th most competitive economy in the world, and 6th in Europe, according to the World Economic Forum in its ''Global Competitiveness Report 2018''.