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Forbes Magazine has ranked New Zealand as the best country for business

Date 
15 November 12

Forbes Magazine has ranked New Zealand as the best country for business. This follows the Doing Business 2013 report that stated New Zealand was the easiest place to start a business.

Up from second place in the Forbes list last year, the magazine quoted the number one spot “…thanks to a transparent and stable business climate that encourages entrepreneurship. New Zealand is the smallest economy in our top 10 at $162 billion, but it ranks first in four of the 11 metrics we examined, including personal freedom and investor protection, as well as a lack of red tape and corruption.”
 
The rankings of 141 countries were graded on property rights, innovation, taxes, technology, corruption, freedom (personal, trade and monetary), red tape, investor protection and stock market performance.
 
The full top ten list is below:
  1. New Zealand
    GDP: $162 billion
    GDP per capita: $39,300
    Public debt as % of GDP: 36%
  2. Denmark
    GDP: $333 billion
    GDP per capita: $59,684
    Public debt as % of GDP: 44%
  3. Hong Kong
    GDP: $244 billion
    GDP per capita: $34,457
    Public debt as % of GDP: 30%
  4. Singapore
    GDP: $240 billion
    GDP per capita: $46,241
    Public debt as % of GDP: 118%
  5. Canada
    GDP: $1.7 trillion
    GDP per capita: $50,345
    Public debt as % of GDP: 87%
  6. Ireland
    GDP: $217 billion
    GDP per capita: $48,423
    Public debt as % of GDP: 105%
  7. Sweden
    GDP: $538 billion
    GDP per capita: $56,927
    Public debt as % of GDP: 38%
  8. Norway
    GDP: $486 billion
    GDP per capita: $98,102
    Public debt as % of GDP: 58%
  9. Finland
    GDP: $266 billion
    GDP per capita: $49,391
    Public debt as % of GDP: 49%
  10. United Kingdom
    GDP: $2.4 trillion
    GDP per capita: $38,818
    Public debt as % of GDP: 86%


Read the full article at the Forbes website.