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:
- New Zealand
GDP: $162 billion
GDP per capita: $39,300
Public debt as % of GDP: 36% - Denmark
GDP: $333 billion
GDP per capita: $59,684
Public debt as % of GDP: 44% - Hong Kong
GDP: $244 billion
GDP per capita: $34,457
Public debt as % of GDP: 30% - Singapore
GDP: $240 billion
GDP per capita: $46,241
Public debt as % of GDP: 118% - Canada
GDP: $1.7 trillion
GDP per capita: $50,345
Public debt as % of GDP: 87% - Ireland
GDP: $217 billion
GDP per capita: $48,423
Public debt as % of GDP: 105% - Sweden
GDP: $538 billion
GDP per capita: $56,927
Public debt as % of GDP: 38% - Norway
GDP: $486 billion
GDP per capita: $98,102
Public debt as % of GDP: 58% - Finland
GDP: $266 billion
GDP per capita: $49,391
Public debt as % of GDP: 49% - 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.